Welcome to Unit 206 at ''Cityzen'' (613 Herald Street), a premium 2018 building by Homewood Constructors. This immaculate 1-bed, 1-bath condo WITH PARKING, offers 540 sq ft of highly functional indoor living space paired with a 68 sq ft south-facing covered patio - perfect for soaking up the sun or firing up the BBQ. Inside, a spacious entryway leads to a fully loaded kitchen featuring quartz countertops, quality appliances, a ceramic backsplash and ample storage. The open-concept living and dining area boasts flexibility for multiple furniture layouts and is framed by a wall of windows that floods the space with natural light. The bedroom comfortably accommodates a queen suite and features a 4-ft closet. The private bathroom offers premium finishes, quartz counters, heated floors and a walk-in shower. Rare bonus: this is one of only 9 units with a dedicated parking space, plus a large storage locker and bike storage. Investor and pet friendly!
Property details
1
Beds
1 full
Baths
539 ft²
Floor area
540 ft²
Lot size
2018
Year built
1
Parking
$380/mo
Strata fee
$2,316/yr
Gross tax
Location & structure
Single Family
Type
Downtown
Area
Listed
July 8, 2026
Structure
Apartment
PID
030-536-219
Property highlights
Patio
Storage locker
Bike storage
Features & inclusions
Appliances
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave
Heating
Baseboard heaters, Electric, Other
Cooling
None
Parking
Underground
Lot
Central location, Other
Community
Family Oriented, Pets Allowed
Additional details
Common interest
Condo/Strata
Listed by NAI Commercial (Victoria) Inc.. Last updated Jul 8, 2026, 8:35 AM.
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.
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $89,980 down (20%) on $449,900, Canadian semi-annual compounding. Property tax sourced from listing. Strata fee sourced from listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Inventory mix
What this area trades in
Within 3 km of this listing · 717 listings
Condo / Apartment
459
64.0%
Detached
149
20.8%
Townhouse
66
9.2%
Duplex
16
2.2%
Land
13
1.8%
Other
14
2.0%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Census 2021 dwelling structural-type mix · Victoria · 885 dwellings
High-rise apartment840 · 94.9%
Low-rise apartment45 · 5.1%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59170807· Victoria· 0.11 km²
Median rent here
$1,540
Owner shelter cost
$1,860
Renters
79.1%
30%+ on shelter
38.4%
Population (2021)
1,355
Median age
33.6
Avg household size
1.5
Avg household income
$84,000
Renters
79.1%
Owners
20.9%
Immigrants
26.6%
Post-secondary
71.4%
Avg home value
$660,000
Single status
45.2%
Not in labour force
19.2%
Households with kids
6.8%
Median rent
$1,540
Owner shelter cost
$1,860
30%+ on shelter
38.4%
Breakdown
Under $5,000
30
3.4%
$5,000 to $9,999
5
0.6%
$10,000 to $14,999
10
1.1%
$15,000 to $19,999
30
3.4%
$20,000 to $24,999
50
5.6%
$25,000 to $29,999
35
3.9%
$30,000 to $34,999
45
5.1%
$35,000 to $39,999
30
3.4%
$40,000 to $44,999
35
3.9%
$45,000 to $49,999
30
3.4%
$50,000 to $59,999
75
8.4%
$60,000 to $69,999
80
9.0%
$70,000 to $79,999
70
7.9%
$80,000 to $89,999
65
7.3%
$90,000 to $99,999
55
6.2%
$100,000 to $124,999
85
9.6%
$125,000 to $149,999
60
6.7%
$150,000 to $199,999
60
6.7%
$200,000 and over
40
4.5%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59170807).
Market story
Rent in Victoria
Census 2021 avg $1,540/mo here · Vancouver 1BR rent (est) trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
CMHCBritish Columbia outlook
British Columbia’s labour market expected to recover in 2026, but demographic factors will weigh on housing markets
British Columbia’s (B.C.) economy is expected to improve in 2026 after limited growth in 2025. As forecasted in our Housing Market Outlook summer 2025 update, a weak labour market and trade volatility were the main factors impacting B.C.’s economy in 2025.
From the CMHC Housing Market Outlook 2026 · Jan 2026
