Enjoy modern downtown living at The Ironworks, a sought-after 2020-built building in the heart of Victoria’s Old Town. This bright fourth-level one bedroom, one bathroom condo offers a smart, efficient layout with an open living area, contemporary kitchen, stainless steel appliances, quartz countertops, tile backsplash, two-tone cabinetry, and in-suite laundry. The stylish bathroom features clean modern finishes, while the suite’s design makes excellent use of space for everyday comfort or a convenient city home base. Secure underground parking and a separate storage locker add valuable convenience. The building is pet friendly and offers bike storage, landscaped common areas, and a walkable lifestyle close to Chinatown, Market Square, Lower Johnson, cafés, restaurants, shopping, fitness studios, the Inner Harbour, and the waterfront. A fantastic opportunity to own a newer condo in one of Victoria’s most vibrant and convenient neighbourhoods.
Property details
1
Beds
1 full
Baths
494 ft²
Floor area
500 ft²
Lot size
2020
Year built
1
Parking
$321/mo
Strata fee
$2,281/yr
Gross tax
Location & structure
Single Family
Type
Downtown
Area
Listed
June 27, 2026
Structure
Apartment
PID
031-105-769
Property highlights
Ocean view
Mountain view
Waterfront
City view
In-suite laundry
Underground parking
Features & inclusions
Appliances
Washer, Refrigerator, Dryer, Microwave
Heating
Other
Cooling
See Remarks
Parking
Underground
Lot
Central location, Other
Community
Family Oriented, Pets Allowed
Additional details
Common interest
Condo/Strata
Listed by Sotheby's International Realty Canada. Last updated Jun 26, 2026, 7:05 PM.
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 $89,000 down (20%) on $445,000, 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.
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.
Source: CMHC supply spring 2026
Inventory mix
What this area trades in
Within 3 km of this listing · 763 listings
Condo / Apartment
498
65.3%
Detached
149
19.5%
Townhouse
72
9.4%
Duplex
16
2.1%
Land
14
1.8%
Other
14
1.8%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Census 2021 dwelling structural-type mix · Victoria · 555 dwellings
High-rise apartment275 · 49.5%
Low-rise apartment265 · 47.7%
Single-detached10 · 1.8%
Other single-attached5 · 0.9%
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 #59170805· Victoria· 0.32 km²
Median rent here
$1,450
Owner shelter cost
$1,530
Renters
72.2%
30%+ on shelter
46.1%
Population (2021)
884
Median age
35.2
Avg household size
1.5
Avg household income
$71,600
Renters
72.2%
Owners
27.8%
Immigrants
16.1%
Post-secondary
76.5%
Avg home value
$510,000
Single status
42.6%
Not in labour force
16.5%
Households with kids
4.5%
Median rent
$1,450
Owner shelter cost
$1,530
30%+ on shelter
46.1%
Breakdown
Under $5,000
15
2.7%
$5,000 to $9,999
15
2.7%
$10,000 to $14,999
15
2.7%
$15,000 to $19,999
10
1.8%
$20,000 to $24,999
20
3.6%
$25,000 to $29,999
15
2.7%
$30,000 to $34,999
35
6.3%
$35,000 to $39,999
35
6.3%
$40,000 to $44,999
35
6.3%
$45,000 to $49,999
25
4.5%
$50,000 to $59,999
45
8.1%
$60,000 to $69,999
45
8.1%
$70,000 to $79,999
45
8.1%
$80,000 to $89,999
35
6.3%
$90,000 to $99,999
40
7.2%
$100,000 to $124,999
45
8.1%
$125,000 to $149,999
35
6.3%
$150,000 to $199,999
30
5.4%
$200,000 and over
15
2.7%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59170805).
Market story
Rent in Victoria
Census 2021 avg $1,450/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
