Property Type: Condo / ApartmentOwnership: Strata

108 1241 Fairfield Rd

Victoria, BC V8V3B3

$515,000

3 bed1 bath1 parking1,005 sqftBuilt 1981
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
1,085 square feet
Zoning
Multi-Family

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$773/mo
Annual property tax
$3,165.36

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
Window air conditioner
Fireplace
Yes (1)

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
Allowed with restrictions

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

Room Dimensions

RoomLevelDimensions
PatioMain level10' x 7'
BedroomMain level12' x 10'
BedroomMain level14' x 9'
BathroomMain level4-Piece
Primary BedroomMain level12' x 12'
Living roomMain level18' x 17'
Dining roomMain level11' x 8'
KitchenMain level7' x 8'
EntranceMain level5' x 13'

Listing Information

MLS®
1044062
Listed
July 24, 2026
Time on market
On the market for 38 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Coast Capital - Oak Bay · Data source: CREA DDF.

Description

Enjoy this 2-bedroom plus den ground-floor condo in an unbeatable Fairfield location. The spacious living room features large sliding doors that bring in a surprising amount of natural light and open onto your private patio overlooking lush greenery, colourful flowers, and cherry blossom trees in the spring. The updated kitchen features stainless steel appliances. Other updates include a newer dishwasher, new washing machine, fresh paint and a modern bathroom. The spacious primary bedroom easily accommodates a king-sized bed, and the generous den is large enough to fit a bed, ideal for guests, a home office, or flex space. This well-maintained building has underground parking, separate storage, and a workshop. Two cats welcome. Minutes from downtown, the Beach, Cook Street Village, Beacon Hill Park, and the popular Moss Street Market. You'll enjoy an incredibly walkable neighbourhood with cafés, shops, parks, transit, connected bike paths, and community events throughout the year. (id:63159)

Values & Trends

This listing

$512/sqft

Building average

No other active listings in this building

Fairfield West average

$578/sqft

14 active listing(s)

Parking: 1 stall(s) includedStorage 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

6/9 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
Sir James Douglas ElementaryElementary204 m
Central Middle SchoolElementary910 m
Christ Church Cathedral School(Independent)Elementary/Middle917 m
South Park Family SchoolElementary1.2 km
Pacific School of Innovation and Inquiry(Independent)Secondary1.4 km
Victoria HighElementary1.5 km
Margaret Jenkins ElementaryElementary1.5 km
Glenlyon Norfolk School(Independent)K-121.6 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 (5+)

  • Hot House Pizza · 351 Cook Street394 m
  • Greek on the Street · 325 Cook Street449 m
  • Morning People · 325 Cook Street460 m
  • The Village Taverna · 1075 Pendergast Street483 m
  • Taisho Japanese Grill & Bar · 230 Cook Street516 m

Cafes (2)

  • Moka House · 345 Cook Street409 m
  • The Hidden Gem Treat Shop & Cafe · 337 Cook Street432 m

Grocery (1)

  • The Root Cellar Village Green Grocer · 271 Cook Street506 m

Parks (5+)

  • Robert J. Porter Park · 1350 Fairfield Road342 m
  • Chapman Park · 1200 Chapman Street370 m
  • Brooke Street Park · 1425 Brooke Street545 m
  • Moss Rock Park · 310 Masters Road572 m
  • Olive Street Green · 181 Olive Street635 m

Pharmacies (1)

  • Rexall536 m

Banks & ATMs (1)

  • Localcoin Bitcoin ATM413 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 5.1% ($26,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$412,000.00
Periodic payment — Principal & Interest (monthly)$2,658.08
Additional monthly expenses (strata, tax, utilities, etc.)$1,086.64
Total monthly cost$3,744.72
Interest paid over 5-yr term$118,080.38
Balance at end of term$370,595.33

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$26,500
Stress test qualifying rate8.09%
Payment you must qualify for$3,756.39

Cash Needed at Closing

Minimum down payment$26,500
Estimated BC PTT$8,300
Legal / closing costs (typical estimate)$1,500
Total cash needed$36,300

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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