- Active
#307 – 550 Michigan Street
Victoria · Single Family
- Beds
- 2
- Baths
Victoria · Single Family
Listed by Oakwyn Realty Ltd. · MLS® 1052481
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Sign inIn the heart of James Bay, just behind the BC Legislature and moments from Victoria’s Inner Harbour, this beautifully appointed southeast corner residence offers an ideal blend of contemporary design, everyday convenience and a peaceful neighbourhood setting. Located on the third floor of Capital Park Residences, a boutique five-storey steel and concrete building completed in 2021 by Concert and Jawl Properties, this two-bedroom, two-bathroom home is designed for comfortable, low-maintenance living. Expansive windows on two sides welcome morning and midday sun, while the treetop outlook brings greenery and privacy to the open-concept living and dining areas. Wide-plank oak flooring adds warmth throughout, and a covered balcony is an inviting spot for morning coffee. The kitchen is elegant and practical, with white and warm wood-grain cabinetry, quartz countertops and backsplash, a marble-look waterfall island with seating, and integrated Bosch + frigidaire appliances including an induction cooktop. The bedrooms are well separated, offering flexibility for guests or a home office. The primary bedroom has its own ensuite, and both bathrooms include in-floor heating and large-format porcelain tile. In-suite laundry adds convenience. This home comes with one secure underground parking stall and a storage locker, and the building offers a secure bike storage room. Landscaped courtyards, tranquil water features and pedestrian pathways create a welcoming atmosphere, and residents enjoy a lounge opening onto a generous terrace and a fitness studio. Red Barn Market and the Victoria Public Library are just steps away. Stroll to Beacon Hill Park, Fisherman’s Wharf, the Dallas Road waterfront, the Inner Harbour and downtown’s cafés, shops and restaurants. All the best of James Bay is close at hand, yet home feels tucked away on a quiet, tree-lined street.
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.
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Estimates only. They leave out utilities, upkeep and closing costs.
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Condo / Apartment · 65%
Active listings within 3 km of this home.
Source: Statistics Canada, 2021 Census of Population. 565 dwellings.
Statistics Canada area 59170298 · Victoria
Source: Statistics Canada, 2021 Census Profile, dissemination area 59170298.
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Land and hazards
Provincial designations and mapped natural hazards at this location.
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)
For investors
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.
Property tax
Municipal, regional, hospital and school rates combined.
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
Climate
Ten year average, 2016–2025.
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
Borrowing costs
The rates behind any payment estimate on this page.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-10-29