Victoria · V8V1S9
$881/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
Schedule private showing
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Few entry points into Victoria's real estate market offer more affordability and certainty than 647 Michigan, The Orchard House. A compelling price point and cost-controlled ownership with a reliable leasehold ownership extending to 2073 — delivering nearly five decades of secure tenure at a fraction of the freehold market. Leaseholds offer lower closing costs and more predictable carrying costs, appealing to both investors and discerning downsizers seeking simplicity without compromise. Secure UG Parking, Fresh Paint, Tub Surround, Tile Backsplash, Counters, Plugs & Switches round out this incredible offering. With steel & Concrete construction and steps from downtown Victoria's dining, transit, and waterfront, this opportunity demands attention from landlords and buyers alike. The seasonal outdoor pool, Sauna & hot tub, Bike Storage, Storage locker, plenty of green space, and the views add a premium that the price doesn't reflect. Fees include Prop Tax, Heat, Hot-water and management
0
Beds
409 ft²
Floor area
1969
Year built
Single Family
Type
James Bay
Area
Listed
May 20, 2026
$175,000 is 73.2% below the Lower Mainland Apartment HPI benchmark of $652,200 (2026-04-01).
Nearby & Commute
5 min
walk to Red Barn Market
2 min
bike to Capital City Station
7 min
walk to Capital City Station
3h 55m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Condo / Apartment · 67%
| Condo / Apartment | 309 | 66.7% |
| Detached | 75 | 16.2% |
| Townhouse | 49 | 10.6% |
| Duplex | 9 | 1.9% |
| Land | 9 | 1.9% |
| Other | 12 | 2.6% |
| Under $5,000 | 10 | 2.6% |
| $5,000 to $9,999 | 5 | 1.3% |
| $10,000 to $14,999 | 10 | 2.6% |
| $15,000 to $19,999 | 10 | 2.6% |
| $20,000 to $24,999 | 20 | 5.2% |
| $25,000 to $29,999 | 25 | 6.5% |
| $30,000 to $34,999 | 15 | 3.9% |
| $35,000 to $39,999 | 25 | 6.5% |
| $40,000 to $44,999 | 20 | 5.2% |
| $45,000 to $49,999 | 25 | 6.5% |
| $50,000 to $59,999 | 45 | 11.7% |
| $60,000 to $69,999 | 35 | 9.1% |
| $70,000 to $79,999 | 30 | 7.8% |
| $80,000 to $89,999 | 30 | 7.8% |
| $90,000 to $99,999 | 20 | 5.2% |
| $100,000 to $124,999 | 30 | 7.8% |
| $125,000 to $149,999 | 15 | 3.9% |
| $150,000 to $199,999 | 10 | 2.6% |
| $200,000 and over | 5 | 1.3% |
Pick the records that matter for this property. Relta inquires with the listing agent and strata on your behalf, then tells you what came back. Some documents cannot always be obtained.
Request the due-diligence package
Relta requests these from the listing agent and strata and follows up with what is available. Availability is not guaranteed. Review any documents with the appropriate professionals.
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$881
Principal and interest
Calculated estimate
$689
Property tax
Calculated estimate
$42/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$149,000
Down payment
Calculated estimate
$29,800 (20%)
Estimated mortgage
Calculated estimate
$119,200
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Metro averages
Est. monthly total
$881
/mo
Rate
%
Amortization
Principal and interest
$689
Property tax (est.)
$42
P&I
Tax
Down payment
$29,800 (20%)
Get Pre-Approved
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 $29,800 down (20%) on $149,000, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. 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.
At 5.2034 per $1,000 of assessed value.
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.
Daily mean across the year.
On the drier side for BC.
Snow is the exception here.
Hours of sun a year, 1981–2010 average.
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.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
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.
