- Active
1636/1662 Kings Road
Victoria · Multi-family
Listed by Team 3000 Realty Ltd · MLS® 1051315
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Sign inAbout this home
This two-lot land assembly has special characteristics, making it an unusually interesting option in today's market. With over 82 feet of frontage, proximity to transit and amenities and current zoning, this site lends well to a rental apartment, small condominium, townhouses, or any other multi-family use. Both properties have the same owner, making outcomes secure and easy to navigate. The owner is willing to cooperate to make a smooth streamlined process, to mitigate carrying costs, and is able to cooperate on closing dates, and conditional periods. The adjacent property owners may be interested in joining a sale or redevelopment, opening possibilities for more zoning improvements, density bonuses and parking relaxations for all of the lots. Ask for relevant details about the site created by Design Zone, showing real numbers based on Surveys of the two lots, current zoning, and realistic expectations for parking and buildable area. Asking $1,950,000 total for the two combined lots.
Home facts
- Lot size
- 10,304 sq ft
- Parking
- 4
- Property type
- Multi-family
- Area
- Oaklands
- Listed
- October 1, 2026
- Structure
- Multi-Family
- PID
- 008-202-613
- Common interest
- Freehold
Features and inclusions
- Lot
- Central location, Curb & gutter, Level lot, Southern exposure, Other
Rooms and building
- Water
- Zoning
- Unknown
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
- $9,243
- Property tax
- $567/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $9,959
Purchase snapshot
- List price
- $1,950,000
- Down payment
- $390,000 (20%)
- Estimated mortgage
- $1,560,000
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
- $11,029
- 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
- $1,720 a month
- Gross yield
- 1.1%
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)
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