I've visited 'Chinatowns' in varioous parts of the world. They come in two flavours: clean, sanitized tourist traps with lots of shiny stores selling lots of Chinese goods (which were made in Japan 50 years ago, and Taiwan 30 years ago, but are now made in China, along with everything else we buy); or working business areas with few original building left from the turn of the last century, which is when most Chinatowns had their heyday. Vancouver represents the first, SF the second. This one has most of the original buildings, and is still the centre of commerce for Victoria's Chinese community. Not large, but a good cross-section of typical oriental besinesses. Several restaurants, not high-end but a mix of authentic Chinese cuisine from various regions and 'American' Chinese. If you're in Victoria for three or four days, worth a visit. For two days, there are better things to see.
This review is the subjective opinion of a TripAdvisor member and not of TripAdvisor LLC.