- Active
- Open house Sat, Oct 10
196 Olive Street
Victoria · Single Family
- Beds
- 5
- Baths
- 4
- Sqft
- 2,539
- Built
- 2018
Listed by Newport Realty Ltd. · MLS® 1051789
There is more to this listing. Create a free account to see the exact location, taxes, room sizes and price history.
Sign inOpen houses
Ray Rasouli will reply by email or phone to confirm a time.
About this home
Open House - Sat. Oct. 10th 11:30-1:00. Welcome to 196 Olive Street in Fairfield! This beautifully designed 5-bedroom, 4-bathroom home offers over 2,500 sq.ft. across three levels, including a legal 1-bedroom suite. The main level features an inviting open-concept layout with wide-plank engineered hardwood, spacious living and dining areas, private office, and a stylish kitchen with Bertazzoni gas range. French doors open to a private patio and backyard complete with a putting green—perfect for entertaining. Upstairs, the primary suite offers a walk-in closet and luxurious ensuite with steam shower, plus two bedrooms, full bath and laundry. The lower level provides a fourth bedroom or flexible media/rec space, while the self-contained suite includes its own laundry. Extras include Control4 smart home, garage with built-in storage and EV charging rough-in. Steps to Dallas Road, Cook Street Village and Beacon Hill Park.
Home facts
- Bedrooms
- 5
- Bathrooms
- 4 full
- Interior
- 2,539 sq ft
- Lot size
- 2,976 sq ft
- Year built
- 2018
- Parking
- 1
- Property type
- Single Family
- Garage
- Yes
- Fireplace
- 1
- Area
- Fairfield West
- Listed
- October 8, 2026
- Structure
- House
- PID
- 009-139-958
- Common interest
- Freehold
Highlights
- EV charging
- Patio
- Private yard
- Smart home
- Gas range
- Hardwood floors
Features and inclusions
- Appliances
- Washer, Refrigerator, Range - Gas, Dishwasher, Dryer, Microwave
- Heating
- Heat Pump, Baseboard heaters, Electric
- Cooling
- Air Conditioned
- Parking
- Garage
Rooms and building
- Water
- Zoning
- Residential
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
- $9,479
- Property tax
- $583/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $10,212
Purchase snapshot
- List price
- $1,999,900
- Down payment
- $399,980 (20%)
- Estimated mortgage
- $1,599,920
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
- $11,311
- 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
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 · 58%
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.
