1115 Caledonia Ave
Victoria, BC V8T1E9
$998,000
Property Details
Property & Lot
- Lot size
- 6,440 square feet
- Zoning
- Multi-Family
GRD-1 (PGA)
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $4,635.39
Interior
- Fireplace
- None
Parking
- Total spaces
- 4
Listing Information
- MLS®
- 1043202
- Listed
- July 31, 2026
- Time on market
- On the market for 31 days
- Data last synced
- August 28, 2026
Listing provided by: Sotheby's International Realty Canada · Data source: CREA DDF.
Description
1115 Caledonia Avenue is a prime redevelopment opportunity in Victoria, BC, on a 6,440 SF lot at the border of North Park and Fernwood. Zoned R-74, it allows for ground-oriented multi-unit dwellings, with potential for higher density under the Official Community Plan (up to 1.2:1 FSR or more with assembly). The property is listed at $998,000, reflecting its premium zoning and previous fourplex approval. The vibrant Fernwood neighborhood offers strong community assets, diverse demographics, and proximity to urban villages and downtown. Local cafes, restaurants, and services are just steps away, providing a lively and convenient lifestyle. Royal Athletic Park, home to the Victoria HarbourCats baseball team, is also nearby, adding to the area's recreational appeal. This property stands out for its flexible zoning, strong location, and significant potential for residential development. (id:63159)
Location Insights
Weather
14°C
Mainly Clear
Humidity 86%
Wind WSW 7 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
52
7/9 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
| School | Type | Distance |
|---|---|---|
| George Jay Elementary | Elementary | 316 m |
| Victoria High | Elementary | 378 m |
| Central Middle School | Elementary | 792 m |
| VI School of Innovation and Inquiry(Independent) | Elementary/Middle | 1.0 km |
| Christ Church Cathedral School(Independent) | Elementary/Middle | 1.1 km |
| Victor School | K-12 | 1.1 km |
| Oak and Orca Bioregional School(Independent) | K-12 | 1.3 km |
| Pacific School of Innovation and Inquiry(Independent) | Secondary | 1.4 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+)
- Sun Wah321 m
- Standard Pizza325 m
- Quesadas Burritos & Tacos · 1545 Vancouver Street408 m
- MoMo Sushi · 1921 Quadra Street472 m
- Chicken World · 924 Pandora Avenue522 m
Cafes (5+)
- The Parsonage Cafe · 1105 Caledonia Avenue44 m
- Fern Cafe and Bakery · 1-1115 North Park Street110 m
- WAIRUA · 1040 North Park Street155 m
- Fika · 1329 Cook Street514 m
- Little June · 1301 Gladstone Avenue520 m
Grocery (4)
- Save-On-Foods · 1010 Pandora Avenue414 m
- Daily Fresh · 1627 Quadra Street515 m
- Fernwood General Store · 1308 Gladstone Avenue552 m
- Market on Yates · 903 Yates Street747 m
Parks (5+)
- Kings Park · 1150 Caledonia Avenue113 m
- Royal Athletic Park · 1014 Caledonia Avenue188 m
- Spring Ridge Common · 2005 Chambers Street200 m
- Haegert Park · 1202 Yukon Street242 m
- Mason Street Park · 1045 Mason Street318 m
Shopping (1)
- London Drugs724 m
Gyms (4)
- Forge Gym583 m
- Peterec's Kombat Centre · 851 Johnson Street705 m
- Tropos Fitness Club · 1601 Blanshard Street724 m
- Victoria Fitness · 1029 View Street733 m
Pharmacies (2)
- Cridge Pharmacy486 m
- Rexall580 m
Nearby places data: © OpenStreetMap contributors.
School district: Victoria (SD61)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.5% ($74,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.