- Active
#116 – 530 Michigan Street
Victoria · Single Family
- Beds
- 1
- Baths
- 1
- Sqft
- 551
- Built
- 2021
Listed by Engel & Volkers Vancouver Island · MLS® 1046774
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Sign inAbout this home
Welcome to Capital Park Residences in the heart of historic James Bay and a flagship property developed by Jawl Properties Ltd. This beautifully finished, 1-bedroom, 1-bathroom home offers sophisticated living just steps from the Inner Harbour, Parliament Buildings, Downtown Victoria, Beacon Hill Park, Restaurants, and more. The intuitive design features brushed white oak flooring, a contemporary kitchen with quartz countertops and backsplash and a premium Bosch appliance package. A unique feature of this interior unit and Capital Park is the beautiful water features in the courtyard. Relax away from the noise of the road and enjoy the peaceful sound of water right from home. Residents enjoy premium amenities including the Serenity Lounge w/ outdoor terrace, fitness studio, secure underground parking, secure entry, bike storage, Storage locker, plus convenient access to Red Barn Market, Good Earth Coffeehouse, and the Victoria Public Library.
Home facts
- Bedrooms
- 1
- Bathrooms
- 1 full
- Interior
- 551 sq ft
- Lot size
- 551 sq ft
- Year built
- 2021
- Parking
- 1
- Property type
- Single Family
- Area
- James Bay
- Listed
- August 14, 2026
- Structure
- Apartment
- PID
- 031-472-184
- Common interest
- Condo/Strata
Highlights
- Underground parking
- Storage locker
- Bike storage
Features and inclusions
- Appliances
- Washer, Refrigerator, Dishwasher, Range, Dryer, Microwave
- Heating
- Baseboard heaters, Heat Recovery Ventilation (HRV), Electric
- Cooling
- None
- Parking
- Underground
- Lot
- Central location, Park setting, Other, Marine Oriented
- Community
- Family Oriented, Pets Allowed
Rooms and building
- Water
- Zoning
- Multi-Family
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $3,076
- Property tax
- $192/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $3,418
Purchase snapshot
- List price
- $649,000
- Down payment
- $129,800 (20%)
- Estimated mortgage
- $519,200
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $3,671
- At 5.6559 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
For investors
As a rental
- Estimated rent
- $1,170 a month
- Gross yield
- 2.2%
Estimated rent from Statistics Canada rents for this area, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs.
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Climate
What the weather is like in Victoria
Ten year average, 2016–2025.
- Average temperature
- 10.5°C
- Daily mean across the year.
- Yearly precipitation
- 863 mm
- On the drier side for BC.
- Yearly snowfall
- 39 cm
- Snow is the exception here.
- Bright sunshine
- 2,109 h
- Hours of sun a year, 1981–2010 average.
Averaged from the last ten complete years of Environment Canada observations at the nearest principal station, so it reflects the climate as it is now rather than a thirty year normal. Bright sunshine is the exception: it is no longer measured at these stations, so that figure is the long term average.
Source: Environment and Climate Change Canada, monthly climate summaries
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Low risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Condo / Apartment · 66%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.
