Property Type: TownhouseOwnership: Strata

1 2538 Shelbourne St

Victoria, BC V8R4L5

$789,000

3 bed2 bath1,149 sqftBuilt 2026
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Open House

Saturday, September 5

1:00 PM3:00 PM

Saturday, September 12

1:00 PM3:00 PM

Saturday, September 19

1:00 PM3:00 PM

Saturday, September 26

1:00 PM3:00 PM

Property Details

Property & Lot

Sub-type
Row / Townhouse
Lot size
1,149 square feet
Zoning
Residential

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$345/mo
Annual property tax
$0

Interior

Heating
Baseboard heaters
Cooling / A/C
None
Fireplace
None

Parking

Features
Street

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
BedroomThird level7'6 x 10'10
BathroomThird level4-Piece
Primary BedroomThird level8'9 x 11'10
KitchenSecond level9'6 x 8'6
Dining roomSecond level6'0 x 8'6
Living roomSecond level9'10 x 15'3
BathroomMain level3-Piece
BedroomMain level8'9 x 14'4

Listing Information

MLS®
1028843
Listed
March 18, 2026
Time on market
On the market for 167 days
Data last synced
August 28, 2026

Listing provided by: Oakwyn Realty Ltd. · Data source: CREA DDF.

Description

BRAND NEW. MOVE-IN READY. Welcome to Emerson, located in Victoria’s sought-after Oaklands neighbourhood. This 3-bedroom townhome offers 1,149 sq.ft. of bright, open-concept living with 9' ceilings, expansive windows, and private outdoor space. Enjoy a walkable, central location just steps to Oaklands Park, Hillside Shopping Centre, Haultain Corners, Royal Jubilee Hospital, and top schools, and only minutes to Downtown Victoria. Designed for modern living, Emerson encourages a lifestyle where biking and public transit are easy, everyday options. All homes are backed by a 2-5-10 New Home Warranty. Price + GST. (id:63159)

Values & Trends

This listing

$687/sqft

Building average

No other active listings in this building

Oaklands average

$665/sqft

5 active listing(s)

Parking: Not indicatedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Mainly Clear

16°C

Mainly Clear

Humidity 73%

Wind S 6 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Population

91,867

(2021 Census)

+7.1% since 2016

Density: 4,723.2/km²

Dwellings: 53,070

Median household income: $67,500

After-tax: $60,000

Immigrant population: 20%

Top countries of origin (% of total population)

  • United Kingdom3.8% · 3,505
  • United States of America2.1% · 1,945
  • Philippines2% · 1,845
  • China1.2% · 1,110
  • India0.7% · 650
  • Germany0.6% · 590
  • Korea, South0.4% · 400
  • Netherlands0.3% · 315

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

37

5/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Victor SchoolK-12400 m
Victoria School for Ideal Education(Independent)Elementary/Middle724 m
Oaklands ElementaryElementary729 m
St Patrick's School(Independent)Elementary785 m
Sundance-Bank ElementaryElementary868 m
Victoria HighElementary1.1 km
Artemis Place Secondary(Independent)Secondary1.1 km
Lansdowne Middle SchoolMiddle1.2 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Restaurants (4)

  • Kappo Marta · 1600 Bay Street149 m
  • CairoMum · 1807 Fort Street672 m
  • Togo Sushi · 1883 Fort Street688 m
  • White Spot · 1871 Fort Street688 m

Cafes (3)

  • Koffi · 1441 Haultain Street466 m
  • Tim Hortons516 m
  • QV Coffee House · 1769 Fort Street688 m

Parks (5+)

  • Adanac Green85 m
  • Shelbourne Green270 m
  • Oaklands Park · 1550 Kings Road450 m
  • Unnamed · 2661 Richmond Road530 m
  • David Spencer Park · 2760 Victor Street571 m

Gyms (1)

  • Six Factors Fitness · 1931 Lee Avenue790 m

Pharmacies (2)

  • Fort Royal Pharmacy · 1803 Fort Street673 m
  • I.D.A. · 1775 Fort Street690 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 6.8% ($53,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$631,200.00
Periodic payment — Principal & Interest (monthly)$4,072.29
Additional monthly expenses (strata, tax, utilities, etc.)$401.70
Total monthly cost$4,473.99
Interest paid over 5-yr term$180,903.73
Balance at end of term$567,766.44

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$53,900
Stress test qualifying rate8.09%
Payment you must qualify for$5,652.66

Cash Needed at Closing

Minimum down payment$53,900
Estimated BC PTT$13,780
Legal / closing costs (typical estimate)$1,500
Total cash needed$69,180

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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