Property Type: Detached HouseOwnership: Freehold

1232 Richardson St

Victoria, BC V8V3E1

$1,400,000

4 bed4 bath4 parking2,810 sqftBuilt 1912
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Property Details

Property & Lot

Sub-type
House
Lot size
13,338 square feet
Zoning
Residential

GRD-1

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$8,208

Interior

Heating
Baseboard heaters, Forced air, Oil, Hot Water
Cooling / A/C
None
Fireplace
Yes (1)

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
OtherAuxiliary Building4'0 x 23'7
BathroomAuxiliary Building3-Piece
BedroomAuxiliary Building8'0 x 8'4
BedroomAuxiliary Building10'0 x 11'7
KitchenAuxiliary Building8'0 x 11'11
Living roomAuxiliary Building11'11 x 15'7
EnsuiteSecond level4-Piece
Primary BedroomSecond level10'7 x 15'4
BedroomSecond level11'7 x 11'10
EnsuiteSecond level4-Piece
BathroomMain level3-Piece
Laundry roomMain level7'9 x 11'4
OfficeMain level7'11 x 10'0
Dining roomMain level13'6 x 16'7
KitchenMain level13'7 x 14'5
Family roomLower level13'6 x 16'10
Living roomLower level13'11 x 20'2

Listing Information

MLS®
1042634
Listed
July 8, 2026
Time on market
On the market for 54 days
Data last synced
August 28, 2026

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

Description

A rare opportunity in the heart of Fairfield perfect for both developers and home buyers. Set on a 13,338sqft lot (BC Assessment) this panhandle property offers incredible potential in one of Victoria’s most sought-after neighbourhoods. The home was originally built in 1912 but has had many additions over the years including a separate 2 bedroom, 1 bathroom cottage. Bring your renovation plans and move in and enjoy as is or explore future possibilities. For developers or investors, the adjoining lot at 1230 Richardson is also for sale. This prime location presents an excellent opportunity to build or reimagine. The neighboring property, similar in size to the combination of 1232 & 1230 Richardson St (approx. 18,000sqft) created a 24 unit strata (confirm details with City of Victoria)! Just steps to Cook Street Village, Moss Street Market, Dallas Road and some of the best beaches in Victoria. Opportunities like this in Fairfield are rare, call your Realtor today so you don’t miss it. (id:63159)

Values & Trends

This listing

$498/sqft

Building average

No other active listings in this building

Fairfield West average

$675/sqft

12 active listing(s)

Parking: 4 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

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

33

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

SchoolTypeDistance
Central Middle SchoolElementary499 m
Sir James Douglas ElementaryElementary509 m
Christ Church Cathedral School(Independent)Elementary/Middle682 m
Victoria HighElementary1.1 km
South Park Family SchoolElementary1.2 km
Pacific School of Innovation and Inquiry(Independent)Secondary1.2 km
George Jay ElementaryElementary1.5 km
Glenlyon Norfolk School(Independent)K-121.5 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+)

  • The Breakfast Shop · 1025 Cook Street449 m
  • My Thai Café450 m
  • Avalon Restaurant · 1075 Fort Street526 m
  • The Mantra · 1015 Fort Street600 m
  • J&J Wonton Noodle House · 1012 Fort Street621 m

Cafes (5+)

  • Routine Coffee & Supply · 1036 Fort Street571 m
  • Moka House · 345 Cook Street653 m
  • The Hidden Gem Treat Shop & Cafe · 337 Cook Street702 m
  • Fika · 1329 Cook Street704 m
  • Blue Fox Cafe · 919 Fort Street765 m

Parks (5+)

  • Joan Crescent Green · 1059 Craigdarroch Road582 m
  • Robert J. Porter Park · 1350 Fairfield Road631 m
  • Pioneer Square · 1030 Quadra Street753 m
  • Chapman Park · 1200 Chapman Street780 m
  • Rupert Terrace Green · 850 Quadra Street785 m

Shopping (1)

  • London Drugs788 m

Gyms (1)

  • Victoria Fitness · 1029 View Street656 m

Pharmacies (3)

  • Victoria Compounding Pharmacy · 1089 Fort Street508 m
  • Rexall627 m
  • Cridge Pharmacy730 m

Banks & ATMs (1)

  • Localcoin Bitcoin ATM424 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

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

Net mortgage (loan + CMHC insurance)$1,120,000.00
Periodic payment — Principal & Interest (monthly)$7,225.86
Additional monthly expenses (strata, tax, utilities, etc.)$825.00
Total monthly cost$8,050.86
Interest paid over 5-yr term$320,995.22
Balance at end of term$1,007,443.62

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$115,000
Stress test qualifying rate8.09%
Payment you must qualify for$9,881.20

Cash Needed at Closing

Minimum down payment$115,000
Estimated BC PTT$26,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$142,500

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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