About this home

Motivated sellers, and sellers pay special assessments! The Orchard House at 647 Michigan is one of Victoria’s most affordable and predictable ways into the market. The leasehold title runs to 2073, giving you nearly 50 years of secure tenure at a fraction of freehold pricing. Lower closing costs and more predictable carrying costs make this an easy fit for investors and downsizers alike. Recent updates include fresh paint, a new tub surround, tile backsplash, counters, and updated plugs and switches. You also get secure underground parking. The building is steel and concrete, and you’re just steps from downtown dining, transit, and the waterfront. Amenities include a seasonal outdoor pool, sauna, hot tub, bike storage, a storage locker, and plenty of green space, plus views that add value the price doesn’t reflect

Home facts

Bedrooms: 0
Bathrooms: 1 full
Interior: 409 sq ft
Lot size: 536 sq ft
Year built: 1969
Parking: 1
Property type: Single Family
Garage: Yes
Area: James Bay
Listed: October 27, 2026
Structure: Apartment
PID: 004-154-878
Common interest: Leasehold

Highlights

Ocean view
Waterfront
City view
Pool
Hot tub
Sauna

Features and inclusions

Appliances: Refrigerator, Range - Electric
Heating: Baseboard heaters, Hot Water
Cooling: None
Parking: Attached Garage, Underground
Lot: Rectangular
Community: Family Oriented, Pets not Allowed

Rooms and building

Water
Zoning: Multi-Family

Listed by Engel & Volkers Vancouver Island. Last updated Oct 27, 2026, 12:35 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: $659
Property tax: $42/mo
Home insurance: $150/mo
Estimated monthly total: $850

Purchase snapshot

List price: $139,000
Down payment: $27,800 (20%)
Estimated mortgage: $111,200

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 / Apartment302 for sale

Detached81 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.

#907 – 647 Michigan Street