Property Type: TownhouseOwnership: Strata

111 Michigan St

Victoria, BC V8V1R2

$699,000

2 bed2 bath1 parking1,489 sqftBuilt 1979
Get Directions

Property Details

Property & Lot

Sub-type
Row / Townhouse
Lot size
1,997 square feet
Zoning
Residential

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$400/mo
Annual property tax
$4,733.2

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
Yes (1)
Appliances
Refrigerator, Range - Electric, Dishwasher

Exterior & Lot

Lot features
Irregular lot size

Building

Parcel ID (PID)
000-759-180

Parking

Total spaces
1 — covered indicated
Features
Garage

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
EnsuiteMain level4-Piece
Laundry roomLower level5' x 6'
BedroomLower level11' x 16'
EnsuiteLower level4-Piece
Primary BedroomMain level10' x 17'
KitchenMain level8' x 11'
Dining roomMain level9' x 9'
BalconyMain level6' x 31'
Living roomMain level13' x 16'
EntranceLower level6' x 11'

Listing Information

MLS®
1046847
Listed
August 14, 2026
Time on market
On the market for 17 days
Data last synced
August 31, 2026

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

Description

OPEN HOUSE AUGUST 30th AT 11:00 am - 1:00 pm. Discover this private 2 bedroom, 2 bathroom townhouse in the heart of James Bay, one of Victoria’s most desirable neighbourhoods. Close to the ocean, downtown, and all the amenities the area is known for, the location is truly unbeatable. The thoughtful layout includes two bedrooms each with their own ensuite, a dining area, and convenient in-suite laundry hook up. Vaulted ceilings and skylights create an airy atmosphere, while a balcony, private patio, and secure garage add to the home’s appeal. Nestled in a small strata, this property combines comfort, functionality, and an exceptional walkable lifestyle near shops, cafés, Beacon Hill Park, and the Inner Harbour. (id:63159)

Values & Trends

This listing

$469/sqft

Building average

No other active listings in this building

James Bay average

$696/sqft

11 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

41

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
James Bay CommunityElementary442 m
Pacific School of Innovation and Inquiry(Independent)Secondary1.1 km
South Park Family SchoolElementary1.2 km
Victoria West ElementaryElementary1.6 km
Christ Church Cathedral School(Independent)Elementary/Middle1.7 km
BeausoleilElementary1.9 km
Victor-BrodeurK-121.9 km
Ecole Macaulay ElementaryElementary1.9 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+)

  • Il Covo Trattoria · 106 Superior Street141 m
  • Coco Grill224 m
  • Blue Crab Seafood House235 m
  • Barb's Fish & Chips239 m
  • Pirate Pizza Company251 m

Cafes (5+)

  • Coffeehouse at Shoal Point · 19 Dallas Road320 m
  • Nourish Kitchen & Cafe366 m
  • Courtyard Café660 m
  • James Bay Coffee House · 425 Simcoe Street740 m
  • Discovery Coffee · 277 Menzies Street783 m

Grocery (2)

  • Red Barn Market · 325 Menzies Street763 m
  • Thrifty Foods James Bay · 475 Simcoe Street783 m

Parks (5+)

  • Fisherman's Wharf Park · 300 Saint Lawrence Street158 m
  • Ernest Todd Playground · 111 Montreal Street342 m
  • Todd Park · 100 Montreal Street346 m
  • Macdonald Park · 212 Niagara Street369 m
  • Charles Redfern Park · 200 Quebec Street370 m

Pharmacies (1)

  • James Bay Pharmasave · 230 Menzies Street771 m

Banks & ATMs (1)

  • Unnamed · 475 Simcoe Street773 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 6.4% ($44,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$559,200.00
Periodic payment — Principal & Interest (monthly)$3,607.77
Additional monthly expenses (strata, tax, utilities, etc.)$868.43
Total monthly cost$4,476.20
Interest paid over 5-yr term$160,268.33
Balance at end of term$503,002.21

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$44,900
Stress test qualifying rate8.09%
Payment you must qualify for$5,029.80

Cash Needed at Closing

Minimum down payment$44,900
Estimated BC PTT$11,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$58,380

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.

Request more information