Welcome to 611 Niagara St - Situated in the heart of James Bay, this exquisite residence presents an executive dwelling boasting 5 beds and 4 baths. The property has over 2,770 square feet of finished living space, which includes two suites: one 2-bed and 2-bath suite and one 1-bed suite, perfect for extended family or as a mortgage helper. The home has been tastefully renovated featuring a garage-turned gym with fitness flooring and mirrors. The main floor and suites both offer spacious open floor plans, the 2 bedroom suite has a private entry/patio in the backyard and the main floor showcases a remarkable rooftop patio with expansive views and a built-in gas fireplace that you can enjoy year round. For those seeking investment opportunities, this property is an excellent revenue-generating asset. This property is steps away from Victoria most attractive amenities such as the Inner Harbour, Dallas Rd, and Beautiful Downtown Victoria. Don't miss out on this great opportunity!
Property details
5
Beds
4 full
Baths
2,779 ft²
Floor area
4,251 ft²
Lot size
2000
Year built
2
Parking
$9,284/yr
Gross tax
Location & structure
Single Family
Type
2
Fireplaces
James Bay
Area
Listed
July 10, 2026
Structure
House
PID
024-300-586
Property highlights
City view
Rooftop deck
Gym
Patio
Private yard
Fireplace
Features & inclusions
Appliances
Washer, Refrigerator, Range - Gas, Range - Electric, Dishwasher, Dryer, Microwave
Heating
Heat Pump, Baseboard heaters, Electric, Natural gas
Cooling
Air Conditioned
Lot
Central location, Curb & gutter, Southern exposure, Rectangular
Additional details
Common interest
Freehold
Listed by Engel & Volkers Vancouver Island. Last updated Jul 9, 2026, 8:10 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 $379,980 down (20%) on $1,899,900, Canadian semi-annual compounding. Property tax sourced from listing. No strata fee on record for this 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 · 483 listings
Condo / Apartment
344
71.2%
Detached
73
15.1%
Townhouse
41
8.5%
Multi-family
8
1.7%
Duplex
6
1.2%
Other
11
2.3%
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 · 265 dwellings
Low-rise apartment180 · 67.9%
High-rise apartment40 · 15.1%
Single-detached20 · 7.5%
Apartment in duplex20 · 7.5%
Semi-detached5 · 1.9%
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 #59170555· Victoria· 0.06 km²
Median rent here
$1,600
Owner shelter cost
$880
Renters
63.6%
30%+ on shelter
40.7%
Population (2021)
601
Median age
71.5
Avg household size
1.6
Avg household income
$83,000
Renters
63.6%
Owners
36.4%
Immigrants
27.1%
Post-secondary
75.3%
Avg home value
$920,000
Single status
21.2%
Not in labour force
60.0%
Households with kids
9.3%
Median rent
$1,600
Owner shelter cost
$880
30%+ on shelter
40.7%
Breakdown
$15,000 to $19,999
5
1.9%
$20,000 to $24,999
15
5.7%
$25,000 to $29,999
10
3.8%
$30,000 to $34,999
10
3.8%
$35,000 to $39,999
15
5.7%
$40,000 to $44,999
10
3.8%
$45,000 to $49,999
10
3.8%
$50,000 to $59,999
30
11.3%
$60,000 to $69,999
20
7.5%
$70,000 to $79,999
20
7.5%
$80,000 to $89,999
20
7.5%
$90,000 to $99,999
20
7.5%
$100,000 to $124,999
35
13.2%
$125,000 to $149,999
10
3.8%
$150,000 to $199,999
20
7.5%
$200,000 and over
15
5.7%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59170555).
Market story
Rent in Victoria
Census 2021 avg $1,600/mo here · Vancouver 4BR 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
