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504 Herald St
Vi Downtown Victoria V8W 1S6

$240,000 /year
Commercial Sale

Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1034986
Established and successful café in a rapidly growing area. Prime corner location with strong foot traffic. Generates positive cash flow, ideal for a family run business. Features a 1,100 sq interior. 5-year lease with additional 5-year renewal option. Come make it your DESTINED business. Please do not approach the owner or any staff members about the sale of the business.*
Property Type:
Commercial Sale
Type:
Business
Commercial Type:
Business
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Vi Downtown, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0 sq. ft.
Taxes:
Building Features:
High Traffic Area
Construction:
Brick
Electricity:
Yes
Ceiling Heights:
Total Building Area:
640 sq. ft.
Commercial Area:
Water supply:
Municipal, To Lot
Sewer:
Sewer To Lot
Heating:
Hot Water
Fireplace:
No
Pending Date:
Equip/Machinery, Fixtures, Gas, Goodwill, Leasehold Improvements, Parking
Inventory
Awning(s), Signband
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Victoria
Legal Description:
Zoning:
CA-3C
Units in Building:
Units in Community:
Utilities:
Electricity Connected, Garbage, Natural Gas Connected, Phone Connected, Underground Utilities
Lot Site Features:
Corner Lot, Curb & Gutter
Total Parking Spaces:
0
Business Name:
Grindstone Cafe
Business Type:
Restaurant/Bar
Business Established Year:
11
Total Units:
Date Listed:
May 06, 2026
Original Price:
240000.0
Larger map options:
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Listed by Pemberton Holmes Ltd.
Data was last updated May 7, 2026 at 04:05 AM (UTC)
Area Statistics
Listings on market:
51
Avg list price:
$624,000
Min list price:
$45,000
Max list price:
$8,500,000
Avg days on market:
92
Min days on market:
2
Max days on market:
438
These statistics are generated based on the current listing's property type and located in Vi Downtown. Average values are derived using median calculations. This data is not produced by the MLS® system.
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Tim Ayres
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.