Property Type: Condo / ApartmentOwnership: Strata

1481 Bay St

Victoria, BC V8R2A6

$600,000

2 bed1 bath1 parking973 sqftBuilt 1958
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
6,000 square feet
Zoning
Multi-Family

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$362/mo
Annual property tax
$2,897.29

Interior

Heating
Electric
Cooling / A/C
None
Fireplace
Yes (1)
Appliances
Washer, Refrigerator, Stove, Dryer

Exterior & Lot

Lot features
Other

Building

Parcel ID (PID)
000-717-738

Parking

Total spaces
1

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
Living roomMain level19'6 x 13'4
Dining roomMain level11'3 x 6'11
KitchenMain level11'6 x 8'7
BathroomMain level4-Piece
BedroomMain level11'3 x 9'0
Primary BedroomMain level11'1 x 14'11

Listing Information

MLS®
1045130
Listed
August 11, 2026
Time on market
On the market for 20 days
Data last synced
August 31, 2026

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

Description

Tucked into the heart of Jubilee/Fernwood, this upper 2 bedroom unit in a 4-plex lives like a single level home, not a condo. Hardwood floors and coved ceilings run through a bright, spacious living room, while the kitchen offers a pantry and a sunny eating nook for slow mornings. The primary bedroom includes two closets, the second bedroom is equally generous, and the full bath's soaker tub is made for unwinding after a long day. In-unit laundry, a back door straight to your own parking stall, and a south facing shared yard with grapevines, peach and plum trees to harvest each summer. The roof was replaced in 2019, and this is a family-oriented, pet-friendly building with genuine neighbourhood charm. Bring your big dogs! At $362 a month, strata fees include a designated parking stall, 2 guest stalls, common storage and garden space, easy care living without giving up any outdoor charm. And the location cannot be beat, minutes to Camosun, UVIC and Royal Jubilee Hospital, with a direct bus route into everything Greater Victoria has to offer. This is a home, not just a unit, ready for its next family to fall in love with it. (id:63159)

Values & Trends

This listing

$617/sqft

Building average

No other active listings in this building

Fernwood average

$489/sqft

6 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

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

26

4/9 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
Victor SchoolK-12275 m
Victoria School for Ideal Education(Independent)Elementary/Middle692 m
Victoria HighElementary731 m
Oaklands ElementaryElementary757 m
George Jay ElementaryElementary803 m
VI School of Innovation and Inquiry(Independent)Elementary/Middle989 m
Sundance-Bank ElementaryElementary1.1 km
Oak and Orca Bioregional School(Independent)K-121.1 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 (3)

  • Kappo Marta · 1600 Bay Street293 m
  • Fernwood Pizza Company527 m
  • Stage · 1307 Gladstone Avenue562 m

Cafes (2)

  • Koffi · 1441 Haultain Street205 m
  • Little June · 1301 Gladstone Avenue570 m

Grocery (1)

  • Fernwood General Store · 1308 Gladstone Avenue530 m

Parks (5+)

  • Alexander Park · 1325 Bay Street272 m
  • Gower Park · 2050 Fernwood Road513 m
  • Adanac Green516 m
  • Shelbourne Green525 m
  • Oaklands Park · 1550 Kings Road577 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 5.8% ($35,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$480,000.00
Periodic payment — Principal & Interest (monthly)$3,096.80
Additional monthly expenses (strata, tax, utilities, etc.)$652.44
Total monthly cost$3,749.24
Interest paid over 5-yr term$137,569.38
Balance at end of term$431,761.55

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$35,000
Stress test qualifying rate8.09%
Payment you must qualify for$4,344.65

Cash Needed at Closing

Minimum down payment$35,000
Estimated BC PTT$10,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$46,500

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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