1157 Princess Ave
Victoria, BC V8T1L2
$1,399,999
Property Details
Property & Lot
- Sub-type
- Fourplex
- Lot size
- 7,200 square feet
- Zoning
- Multi-Family
R-2 Two Family Dwelling
Ownership & Fees
- Property type
- Fourplex
- Ownership
- Freehold
- Annual property tax
- $8,400.38
Interior
- Heating
- Baseboard heaters
- Cooling / A/C
- None
- Fireplace
- None
Parking
- Total spaces
- 4
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Lower level | 3-Piece |
| Kitchen | Lower level | 8'0 x 8'0 |
| Bathroom | Second level | 4-Piece |
| Kitchen | Second level | 6'6 x 10'10 |
| Bedroom | Second level | 14'5 x 10'0 |
| Bathroom | Second level | 4-Piece |
| Kitchen | Second level | 6'7 x 10'9 |
| Bedroom | Second level | 14'2 x 12'5 |
| Kitchen | Main level | 12'0 x 8'8 |
| Kitchen | Main level | 11'2 x 5'5 |
| Bathroom | Main level | 4-Piece |
| Bedroom | Main level | 13'9 x 11'3 |
| Bathroom | Main level | 4-Piece |
| Bedroom | Main level | 10'10 x 9'0 |
| Entrance | Main level | 12'0 x 16'6 |
Listing Information
- MLS®
- 1021210
- Listed
- November 26, 2025
- Time on market
- On the market for 278 days
- Data last synced
- August 28, 2026
Listing provided by: eXp Realty · Data source: CREA DDF.
Description
Exceptional Investment Opportunity in Fernwood. Unveil a unique investment gem in the heart of Fernwood with this 4-unit character conversion property. Well-preserved to highlight its original architectural details, this residence unites historic elegance with contemporary comfort. Each of the 4 charming 1-bedroom units is ideal for singles or couples, boasting hardwood floors, generous kitchens, and impressive ceilings—10 feet on the main floor and 9 feet on the upper level. The property also includes a non-legal bachelor suite in the basement, adding potential for additional income. This character conversion property is a prime investment for keen investors. With the high demand for distinctive rental spaces, this 4-unit beauty is poised to attract tenants swiftly. Located near bus routes, schools, shopping, and all the amenities Victoria has to offer, convenience is at your doorstep. Seize this rare opportunity to invest in a truly exceptional property in Fernwood. (id:63159)
Values & Trends
This listing
$438/sqft
Building average
—
No other active listings in this building
Fernwood average
$403/sqft
6 active listing(s)
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
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
| School | Type | Distance |
|---|---|---|
| George Jay Elementary | Elementary | 82 m |
| Victoria High | Elementary | 379 m |
| VI School of Innovation and Inquiry(Independent) | Elementary/Middle | 798 m |
| Victor School | K-12 | 917 m |
| Central Middle School | Elementary | 962 m |
| Oak and Orca Bioregional School(Independent) | K-12 | 1.0 km |
| Victoria School for Ideal Education(Independent) | Elementary/Middle | 1.2 km |
| Oaklands Elementary | Elementary | 1.3 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+)
- Fernwood Pizza Company416 m
- Haultain Fish & Chips · 1127 Haultain Street417 m
- Stage · 1307 Gladstone Avenue449 m
- Sun Wah580 m
- Standard Pizza581 m
Cafes (5+)
- The Parsonage Cafe · 1105 Caledonia Avenue298 m
- Fern Cafe and Bakery · 1-1115 North Park Street376 m
- WAIRUA · 1040 North Park Street412 m
- Little June · 1301 Gladstone Avenue438 m
- North Perk Cafe624 m
Grocery (3)
- Fernwood General Store · 1308 Gladstone Avenue454 m
- Save-On-Foods · 1010 Pandora Avenue682 m
- Daily Fresh · 1627 Quadra Street746 m
Parks (5+)
- Queens Park · 1160 Queens Avenue114 m
- Spring Ridge Common · 2005 Chambers Street168 m
- Kings Park · 1150 Caledonia Avenue206 m
- William Stevenson Memorial Park · 1240 Gladstone Avenue217 m
- Royal Athletic Park · 1014 Caledonia Avenue333 m
Pharmacies (1)
- Cridge Pharmacy740 m
Nearby places data: © OpenStreetMap contributors.
School district: Victoria (SD61)
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Mortgage & Ownership Cost Calculator
Minimum required: 8.2% ($115,000) — 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.