Neighbourhood and Location
- Westshore (Langford, Colwood, View Royal) retail inventory accounts for approximately 20% of Greater Victoria totals, on par with a 17% share in population.
- Strong regional population growth is beginning to re-characterize the retail market –the Westshore continues to densify and is emerging as viable competition to Victoria’s urban core.
- Colwood’s median household income is approximately $85,668 which is above the BC average.
- Commercial / residential communities will attract greater demand from residents looking for a “live, work, shop” lifestyle.
- Increasing market demand for neighbourhood or community oriented mixed-use retail.
- Greater appeal to lifestyle malls over enclosed traditional malls.
- In close proximity to scheduled residential developments at Royal Bay, Olympic View and Latoria.
- Property includes: multiple fast serve restaurants, a full service mental health and addictions VIHA facility, a surgical veterinary clinic, a liquor store, a cannabis store and a pharmacy
- Home to Formwell developments show room
