Prime commercial two-story building offering an impressive total of approximately 16,000 square feet, ideally situated in the heart of downtown, directly across from City Hall. This versatile property has a rich history of multifunctional use, having previously accommodated a mix of retail, residential, office, board office and storage spaces. This expansive building presents endless possibilities for redevelopment, with potential for up to five multifamily units, thanks to its C1 zoning designation. The generous layout is designed to meet various business and residential needs, while the top floor boasts breathtaking panoramic views of the city skyline, picturesque harbour, and majestic mountains beyond. Seize this exceptional opportunity to unlock its full potential in a rapidly growing area -perfect for investors and visionary developers!