Property Type: Detached HouseOwnership: FreeholdRECENTLY LISTED

1618 Richardson St

Victoria, BC V8S1R4

$1,349,900

5 bed2 bath2 parking2,296 sqftBuilt 1956
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Property Details

Property & Lot

Sub-type
House
Style
Character
Lot size
11,464 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,935.2

Interior

Heating
Baseboard heaters, Electric, Wood
Cooling / A/C
None
Fireplace
Yes (1)
Appliances
Washer, Refrigerator, Range - Electric, Dryer

Exterior & Lot

View
City view
Lot features
Level lot, Partially cleared, Other

Building

Parcel ID (PID)
005-183-880

Parking

Total spaces
2 — uncovered indicated
Features
Stall

Room Dimensions

RoomLevelDimensions
KitchenAdditional Accommodation
BedroomLower level12' x 15'
BedroomLower level11' x 14'
Recreation roomLower level11' x 11'
BedroomMain level9' x 11'
BedroomMain level10' x 10'
BathroomMain level4-Piece
BathroomLower level3-Piece
Primary BedroomMain level11' x 13'
KitchenMain level10' x 13'
Dining roomMain level9' x 13'
Living roomMain level11' x 18'
EntranceMain level5' x 7'

Listing Information

MLS®
1047844
Listed
August 26, 2026
Time on market
On the market for 5 days
Data last synced
August 31, 2026

Listing provided by: Fair Realty · Data source: CREA DDF.

Description

Investors and Developers Alert! Exceptional holding property with immediate revenue or prime development potential under Missing Middle on a rare 70-foot-wide frontage lot on the Rockland/Fairfield border. This versatile 5-bed, 2-bath home is ideal as a high-yield investment or flexible multi-generational property. Live upstairs while using the lower level as a mortgage helper. Enjoy a stunning, park-like backyard offering a peaceful outdoor oasis. Alternatively, take advantage of steady rental income while finalizing development plans for this expansive parcel. Currently tenanted, generating $4,900 per month. The adjacent property at 1622 Richardson is also available. Together, the two properties offer approximately 145 feet of combined frontage and 23,584 sq.ft. of land. Situated in a prime central location minutes from transit, bike corridors, and local amenities, this is an unmatched opportunity for holding, land assembly, or future development. (id:63159)

Values & Trends

This listing

$588/sqft

Building average

No other active listings in this building

Rockland average

$673/sqft

7 active listing(s)

Parking: 2 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

37

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
Margaret Jenkins ElementaryElementary483 m
Glenlyon Norfolk School(Independent)K-12638 m
Sir James Douglas ElementaryElementary866 m
Central Middle SchoolElementary1.2 km
Sundance-Bank ElementaryElementary1.4 km
Monterey Middle SchoolElementary1.6 km
Victoria HighElementary1.7 km
Victor SchoolK-121.8 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 Field402 m

Cafes (2)

  • Gonzales Coffee · 1548 Fairfield Road407 m
  • The Teahouse at Abkhazi Garden · 1964 Fairfield Road714 m

Grocery (1)

  • Thrifty Foods · 1590 Fairfield Road385 m

Parks (5+)

  • Hollywood Park · 1700 Fairfield Road314 m
  • St. Charles Green491 m
  • Brooke Street Park · 1425 Brooke Street589 m
  • Gonzales Park · 1809 Crescent Road673 m
  • Pemberton Park · 1855 Richardson Street686 m

Pharmacies (2)

  • Heart Pharmacy IDA430 m
  • Gonzales Pharmacy · 1845 Fairfield Road536 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 8.1% ($109,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,079,920.00
Periodic payment — Principal & Interest (monthly)$6,967.28
Additional monthly expenses (strata, tax, utilities, etc.)$776.27
Total monthly cost$7,743.54
Interest paid over 5-yr term$309,508.18
Balance at end of term$971,391.53

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$109,990
Stress test qualifying rate8.09%
Payment you must qualify for$9,534.47

Cash Needed at Closing

Minimum down payment$109,990
Estimated BC PTT$24,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$136,488

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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