Rare chance to lease ground-level commercial space at one of the busiest intersections in Greater Victoria. Located within immediate proximity to the University of Victoria, 3949 Shelbourne St is well-suited to a wide variety of commercial uses, including personal services, professional services, retail, medical and more! The corner of Shelbourne of McKenzie is about to experience a redevelopment boom on a massive scale, including the subject property as well as the redevelopments of University Heights to the northwest and McKenzie Professional Centre to the west. Between these three projects, the intersection is going to benefit from the construction of over 220,000 square feet of commercial space and over 1,000 new residences, 76 of which are located in 3949 Shelbourne, “The Shelley”. $18.98/SF Additional Rent (2023 est.)