Property Type: Detached HouseOwnership: Freehold

1541 Despard Ave

Victoria, BC V8S1T2

$2,989,000

6 bed5 bath4 parking4,881 sqftBuilt 1939
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Property Details

Property & Lot

Sub-type
House
Lot size
18,000 square feet
Zoning
Residential

GRD-1

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$14,166.37

Interior

Heating
Baseboard heaters, Natural gas
Cooling / A/C
None
Fireplace
Yes (2)

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
Utility roomLower level
StorageLower level
OfficeLower level
BathroomLower level4-Piece
BedroomLower level
BedroomLower level
BedroomLower level
BathroomLower level4-Piece
EntranceLower level
KitchenLower level
Dining roomLower level
Living roomLower level
StorageMain level
EntranceMain level
BalconyMain level
BalconyMain level
BathroomMain level3-Piece
EnsuiteMain level3-Piece
BedroomMain level
BedroomMain level
EnsuiteMain level3-Piece
Primary BedroomMain level
SunroomMain level
KitchenMain level
Family roomMain level
Dining roomMain level
Sitting roomMain level
Living roomMain level
EntranceMain level

Listing Information

MLS®
1033007
Listed
April 24, 2026
Time on market
On the market for 129 days
Data last synced
August 28, 2026

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

Description

Set on a beautifully landscaped 18,000 sq ft lot (100 x 180) in Rockland, this exceptional property offers 4,881 sq ft of finished living space, blending timeless character with remarkable versatility. Surrounded by mature trees, vibrant gardens with irrigation, and peaceful outdoor spaces, this 6-bed, 5-bath home, plus den and study room, is designed for both comfortable family living and effortless entertaining. The main level features spacious principal rooms, including a living room with fireplace, formal dining room, and a bright kitchen with adjoining eating area flowing into the family room with a second fireplace. A stunning sunroom with vaulted ceilings overlooks the gardens. The main floor also offers two bedrooms with ensuites, including the primary retreat with walk-in closet and private balcony, along with a third bedroom and a dedicated study room. The lower level includes a substantial 2,278 sq ft self-contained suite with private entry, kitchen, and generous living space, ideal for extended family, guests, or rental income potential. Water and mountain glimpses, expansive patios, greenhouse, and tranquil water feature complete this special offering. Located just minutes from top schools, parks, and Gonzales Beach, this is a rare opportunity in one of Victoria’s most coveted neighbourhoods. (id:63159)

Values & Trends

This listing

$612/sqft

Building average

No other active listings in this building

Rockland average

$670/sqft

7 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

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

22

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

SchoolTypeDistance
Glenlyon Norfolk School(Independent)K-12436 m
Margaret Jenkins ElementaryElementary526 m
Sir James Douglas ElementaryElementary970 m
Central Middle SchoolElementary1.1 km
Sundance-Bank ElementaryElementary1.2 km
Victoria HighElementary1.5 km
Victor SchoolK-121.5 km
Monterey Middle SchoolElementary1.6 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 (1)

  • Sushi Field674 m

Cafes (2)

  • Gonzales Coffee · 1548 Fairfield Road671 m
  • The Teahouse at Abkhazi Garden · 1964 Fairfield Road718 m

Grocery (1)

  • Thrifty Foods · 1590 Fairfield Road657 m

Parks (5+)

  • St. Charles Green312 m
  • Pemberton Park · 1855 Richardson Street563 m
  • Hollywood Park · 1700 Fairfield Road579 m
  • Terrace Park · 1002 Terrace Avenue673 m
  • Wilmer Green Park707 m

Pharmacies (2)

  • Gonzales Pharmacy · 1845 Fairfield Road596 m
  • Heart Pharmacy IDA703 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($597,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,391,200.00
Periodic payment — Principal & Interest (monthly)$15,427.21
Additional monthly expenses (strata, tax, utilities, etc.)$1,424.53
Total monthly cost$16,851.74
Interest paid over 5-yr term$685,324.79
Balance at end of term$2,150,892.13

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$597,800
Stress test qualifying rate8.09%
Payment you must qualify for$18,387.49

Cash Needed at Closing

Minimum down payment$597,800
Estimated BC PTT$67,670
Legal / closing costs (typical estimate)$1,500
Total cash needed$666,970

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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