Property Type: Land / LotOwnership: Freehold

1326 Pandora Ave

Victoria, BC V8V3R5

$1,125,000

0 bed0 bath4 parking
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Property Details

Property & Lot

Lot size
5,940 square feet
Zoning
Multi-Family

R-114

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Strata / maintenance fee
$0/mo
Annual property tax
$4,541.7

Interior

Fireplace
None

Parking

Total spaces
4

Listing Information

MLS®
1034030
Listed
April 30, 2026
Time on market
On the market for 124 days
Data last synced
August 28, 2026

Listing provided by: The Agency · Data source: CREA DDF.

Description

An exceptional opportunity to acquire a centrally located, ready-to-develop townhouse site in the heart of Victoria. This 5,940 SF property has been successfully rezoned to the R-114 Zone (1326 Pandora Street District) with a Development Permit (DP) in place, allowing for the construction of four (4) townhomes. With approvals secured, this is a rare chance for developers or builders to bring a missing middle housing project to life in the vibrant Fernwood neighbourhood (buyer to verify all info deemed important). (id:63159)

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

41

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
Victoria HighElementary298 m
Central Middle SchoolElementary360 m
George Jay ElementaryElementary746 m
Victor SchoolK-12849 m
Christ Church Cathedral School(Independent)Elementary/Middle1.1 km
Sir James Douglas ElementaryElementary1.3 km
Sundance-Bank ElementaryElementary1.3 km
Glenlyon Norfolk School(Independent)K-121.4 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+)

  • Stage · 1307 Gladstone Avenue381 m
  • Fernwood Pizza Company433 m
  • Standard Pizza489 m
  • Tartan Toque · 1507 Pandora Avenue501 m
  • Sun Wah505 m

Cafes (5+)

  • Little June · 1301 Gladstone Avenue378 m
  • Fika · 1329 Cook Street531 m
  • Fern Cafe and Bakery · 1-1115 North Park Street537 m
  • Shine Cafe · 1548 Fort Street558 m
  • The Parsonage Cafe · 1105 Caledonia Avenue604 m

Grocery (3)

  • Fernwood General Store · 1308 Gladstone Avenue410 m
  • Save-On-Foods · 1010 Pandora Avenue697 m
  • Urban Grocer795 m

Parks (5+)

  • Johnson Street Green226 m
  • Haegert Park · 1202 Yukon Street331 m
  • Harris Green417 m
  • Joan Crescent Green · 1059 Craigdarroch Road430 m
  • William Stevenson Memorial Park · 1240 Gladstone Avenue470 m

Gyms (2)

  • Victoria Fitness · 1029 View Street780 m
  • Forge Gym791 m

Pharmacies (3)

  • Rexall523 m
  • Cridge Pharmacy523 m
  • Victoria Compounding Pharmacy · 1089 Fort Street745 m

Banks & ATMs (1)

  • Localcoin Bitcoin ATM658 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 7.8% ($87,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$900,000.00
Periodic payment — Principal & Interest (monthly)$5,806.49
Additional monthly expenses (strata, tax, utilities, etc.)$378.47
Total monthly cost$6,184.97
Interest paid over 5-yr term$257,942.59
Balance at end of term$809,552.91

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$87,500
Stress test qualifying rate8.09%
Payment you must qualify for$7,978.01

Cash Needed at Closing

Minimum down payment$87,500
Estimated BC PTT$20,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$109,500

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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