Property Type: Detached HouseOwnership: Freehold

1606 Bank St

Victoria, BC V8R4V4

$990,000

3 bed2 bath3 parking2,239 sqftBuilt 1908
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Property Details

Property & Lot

Sub-type
House
Lot size
8,100 square feet
Zoning
Residential

R1-B

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,002.01

Interior

Heating
Oil, Wood
Cooling / A/C
None
Fireplace
Yes (1)

Parking

Total spaces
3

Room Dimensions

RoomLevelDimensions
BathroomLower level3-Piece
DenLower level12'7 x 13'7
Laundry roomLower level8'1 x 17'11
Utility roomLower level14'7 x 18'11
WorkshopLower level16'11 x 20'8
StorageLower level7'0 x 10'0
OfficeSecond level8'7 x 11'10
BedroomSecond level10'10 x 17'2
PorchMain level4'8 x 16'6
BathroomMain level4-Piece
EntranceMain level5'9 x 5'9
SunroomMain level7'9 x 10'9
BedroomMain level10'5 x 12'10
Primary BedroomMain level10'5 x 12'1
Dining roomMain level12'4 x 13'7
KitchenMain level8'5 x 9'10
Eating areaMain level9'11 x 12'10
Living roomMain level13'11 x 18'1

Listing Information

MLS®
1039630
Listed
June 8, 2026
Time on market
On the market for 85 days
Data last synced
August 28, 2026

Listing provided by: Century 21 Queenswood Realty Ltd. · Data source: CREA DDF.

Description

.Subject to Court Approval. This 60x135’ lot. Situated on a quiet residential street across from Sundance-Bank Elementary and just steps to Oak Bay Ave and Royal Jubilee Hospital.Priced for mostly land value. Great location for multiple family developement. Measurements and data taken from previous listing. If concerned buyer to do owner due diligence. (id:63159)

Values & Trends

This listing

$442/sqft

Building average

No other active listings in this building

Jubilee average

$522/sqft

5 active listing(s)

Parking: 3 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

56

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
Sundance-Bank ElementaryElementary81 m
St Patrick's School(Independent)Elementary715 m
Glenlyon Norfolk School(Independent)K-12807 m
Victor SchoolK-12809 m
Oak Bay SecondarySecondary919 m
Margaret Jenkins ElementaryElementary1.3 km
Victoria HighElementary1.3 km
Central Middle SchoolElementary1.4 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+)

  • CairoMum · 1807 Fort Street228 m
  • Confit · 1871 Oak Bay Avenue247 m
  • White Heather Tea Room · 1885 Oak Bay Avenue268 m
  • White Spot · 1871 Fort Street380 m
  • Panda Island Chinese Cuisine384 m

Cafes (5+)

  • QV Coffee House · 1769 Fort Street204 m
  • Discovery Coffee · 1964 Oak Bay Avenue432 m
  • Good Earth Coffeehouse · 1971 Oak Bay Avenue495 m
  • Tim Hortons · 1950 Foul Bay Road552 m
  • Starbucks610 m

Grocery (2)

  • Urban Grocer459 m
  • Save-On-Foods · 1950 Foul Bay Road535 m

Parks (5+)

  • Agamemnon and Eleni Kasapi Park · 1850 Leighton Road133 m
  • Leighton Green259 m
  • Fern Street Park · 1819 Fern Street365 m
  • Redfern Park · 1755 Redfern Street394 m
  • Entrance Park · 2001 Oak Bay Avenue524 m

Gyms (3)

  • Arbutus Physiotherapy · 1928 Oak Bay Avenue356 m
  • Six Factors Fitness · 1931 Lee Avenue464 m
  • Spinco Oak Bay · 2005 Oak Bay Avenue533 m

Pharmacies (5+)

  • I.D.A. · 1775 Fort Street200 m
  • Fort Royal Pharmacy · 1803 Fort Street224 m
  • Shoppers Drug Mart425 m
  • The Medicine Shoppe · 1964 Fort Street672 m
  • Rexall · 1990 Fort Street736 m

Banks & ATMs (3)

  • Island Savings: Jubilee Branch · 1955 Fort Street603 m
  • Localcoin Bitcoin ATM620 m
  • TD791 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 7.5% ($74,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$792,000.00
Periodic payment — Principal & Interest (monthly)$5,109.72
Additional monthly expenses (strata, tax, utilities, etc.)$695.50
Total monthly cost$5,805.22
Interest paid over 5-yr term$226,989.48
Balance at end of term$712,406.56

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$74,000
Stress test qualifying rate8.09%
Payment you must qualify for$7,043.72

Cash Needed at Closing

Minimum down payment$74,000
Estimated BC PTT$17,800
Legal / closing costs (typical estimate)$1,500
Total cash needed$93,300

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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