About this home

Discover exceptional value in the heart of James Bay! This bright, south-facing 6th-floor studio is move-in ready and ideally located just steps from Beacon Hill Park, Dallas Road, Fisherman’s Wharf, the Inner Harbour, downtown shops, restaurants and cafés. Recent updates include fresh paint, countertops, tile backsplash, tub surround, and updated plugs and switches. Enjoy resort-style amenities including a heated outdoor pool, hot tub, sauna, workshop, bike storage, storage locker, secure underground parking, expansive green space and an on-site caretaker. Monthly fees cover heat, hot water, property taxes, building and grounds maintenance, garbage and recycling. Leasehold ownership to December 2073 offers nearly 50 years of tenure and an affordable opportunity to enter Victoria’s real estate market. Motivated sellers will pay the special assessment! An ideal opportunity for first-time buyers, investors, downsizers or anyone seeking an affordable Victoria getaway. Don’t miss this outstanding value!

Home facts

Bedrooms: 0
Bathrooms: 1 full
Interior: 470 sq ft
Lot size: 532 sq ft
Year built: 1969
Parking: 1
Property type: Single Family
Area: James Bay
Style: Contemporary
Listed: November 6, 2026
Structure: Apartment
PID: 004-154-878
Common interest: Leasehold

Highlights

Mountain view
City view
Pool
Hot tub
Sauna
Underground parking

Features and inclusions

Appliances: Refrigerator, Range, Microwave
Heating: Baseboard heaters, Electric
Cooling: None
Parking: Underground
Lot: Central location, Curb & gutter, Level lot, Park setting, Southern exposure, Other, Marine Oriented
Community: Family Oriented, Pets not Allowed

Rooms and building

Water
Zoning: Multi-Family

Listed by Royal LePage Coast Capital - Chatterton. Last updated Nov 6, 2026, 2:35 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.

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: $474
Property tax: $25/mo
Home insurance: $150/mo
Estimated monthly total: $649

Purchase snapshot

List price: $99,900
Down payment: $19,980 (20%)
Estimated mortgage: $79,920

Estimates only. They leave out utilities, upkeep and closing costs.

Stress test this mortgage

Neighbourhood

Open the map

Walk to Red Barn Market5 min

Bike to Capital City Station2 min

Walk to Capital City Station7 min

Drive to downtown Vancouver3h 55m

Estimated travel times. Map data © OpenStreetMap contributors.

Most listed

Condo / Apartment · 64%

Homes for sale nearby, by type

Condo / Apartment304 for sale

Detached82 for sale

Townhouse49 for sale

Duplex15 for sale

Other14 for sale

Multi-family11 for sale

Active listings within 3 km of this home.

Homes built in Victoria, by type

High-rise apartment94.6% · 350

Low-rise apartment2.7% · 10

Single-detached1.4% · 5

Semi-detached1.4% · 5

Source: Statistics Canada, 2021 Census of Population. 370 dwellings.

Who lives here

Statistics Canada area 59170297 · Victoria

Median age: 57
Renter households: 50%
Average household size: 1.5
Median household income: $54,800

Population (2021): 539
Median rent: $1,490
Owner shelter cost: $780
30%+ of income on shelter: 32%
Owner households: 50%
Households with kids: 7%
Immigrants: 20%
Post-secondary: 75%
Average home value (2021): $396,000

Breakdown

Under $5,0002.6% · 10

$5,000 to $9,9991.3% · 5

$10,000 to $14,9992.6% · 10

$15,000 to $19,9992.6% · 10

$20,000 to $24,9995.2% · 20

$25,000 to $29,9996.5% · 25

$30,000 to $34,9993.9% · 15

$35,000 to $39,9996.5% · 25

$40,000 to $44,9995.2% · 20

$45,000 to $49,9996.5% · 25

$50,000 to $59,99911.7% · 45

$60,000 to $69,9999.1% · 35

$70,000 to $79,9997.8% · 30

$80,000 to $89,9997.8% · 30

$90,000 to $99,9995.2% · 20

$100,000 to $124,9997.8% · 30

$125,000 to $149,9993.9% · 15

$150,000 to $199,9992.6% · 10

$200,000 and over1.3% · 5

Source: Statistics Canada, 2021 Census Profile, dissemination area 59170297.

Documents

Pick the records you want. Ray Rasouli will email what the listing brokerage shares.

Property disclosure statementReview seller-disclosed conditions and known defects.
Title searchReview registered ownership, charges, easements, and covenants.
Inspection reportsReview available property-condition findings.
Building and renovation permitsConfirm that significant work was properly permitted.
Survey or site planReview boundaries, structures, and encroachments.
Leasehold agreementReview the remaining term, ground rent, renewal, and assignment rules.
Ground rent and fee scheduleReview current and future leasehold carrying costs.

Availability is not guaranteed. Review documents with a professional.

#607 – 647 Michigan Street