220 Michigan St
Victoria, BC V8V1R3
$1,800,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 9,600 square feet
- Zoning
- Residential
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $7,769.42
Interior
- Heating
- Other
- Cooling / A/C
- None
- Fireplace
- None
Parking
- Total spaces
- 4
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Main level | 3-Piece |
Listing Information
- MLS®
- 1011888
- Listed
- August 25, 2025
- Time on market
- On the market for 372 days
- Data last synced
- August 28, 2026
Listing provided by: eXp Realty · Data source: CREA DDF.
Description
LAND VALUE SALE — PRIME JAMES BAY LOT (R2 ZONED) Rare opportunity to secure a 9,600 SF property in the heart of James Bay at 220 Michigan St. The existing 1901-built residence contains 5 rental units (over 3,500 SF total) but is in poor condition and holds little value — this is essentially a land-only purchase, ideal for building a new home or redevelopment project. Located in one of Victoria’s most desirable and established neighbourhoods, the site is just steps from Beacon Hill Park, James Bay Village, Inner Harbour, downtown Victoria, and major transit routes making this a walkable, connected location and a strategic investment. ZONING: R2 (Two-Family Residential) — permitting single-family homes, duplexes, suites, and other residential options (buyer to verify development potential with the City of Victoria). Don’t miss this chance to shape your vision in one of Victoria’s most sought-after communities! (id:63159)
Values & Trends
This listing
$502/sqft
Building average
—
No other active listings in this building
James Bay average
$737/sqft
6 active listing(s)
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
13°C
Partly Cloudy
Humidity 94%
Wind ESE 11 km/h
Today
20°
Tonight
13°
Wednesday
15°
Wednesday night
12°
Thursday
17°
Thursday night
11°
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
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
| School | Type | Distance |
|---|---|---|
| James Bay Community | Elementary | 360 m |
| Pacific School of Innovation and Inquiry(Independent) | Secondary | 990 m |
| South Park Family School | Elementary | 994 m |
| Christ Church Cathedral School(Independent) | Elementary/Middle | 1.5 km |
| Victoria West Elementary | Elementary | 1.7 km |
| Beausoleil | Elementary | 2.1 km |
| Victor-Brodeur | K-12 | 2.1 km |
| Ecole Macaulay Elementary | Elementary | 2.1 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 (5+)
- Il Covo Trattoria · 106 Superior Street222 m
- Blue Crab Seafood House245 m
- Aegir Room · 500 Oswego Street262 m
- Pendray Tea House · 309 Belleville Street345 m
- Harbour House Restaurant · 607 Oswego Street369 m
Cafes (5+)
- Nourish Kitchen & Cafe247 m
- Coffeehouse at Shoal Point · 19 Dallas Road493 m
- Courtyard Café497 m
- James Bay Coffee House · 425 Simcoe Street589 m
- Discovery Coffee · 277 Menzies Street610 m
Grocery (2)
- Red Barn Market · 325 Menzies Street586 m
- Thrifty Foods James Bay · 475 Simcoe Street635 m
Parks (5+)
- Charles Redfern Park · 200 Quebec Street285 m
- Fisherman's Wharf Park · 300 Saint Lawrence Street328 m
- Macdonald Park · 212 Niagara Street330 m
- Ernest Todd Playground · 111 Montreal Street360 m
- Todd Park · 100 Montreal Street396 m
Gyms (1)
- Fitness Center · 525 Superior Street651 m
Pharmacies (1)
- James Bay Pharmasave · 230 Menzies Street614 m
Banks & ATMs (1)
- Unnamed · 475 Simcoe Street623 m
Nearby places data: © OpenStreetMap contributors.
School district: Victoria (SD61)
Similar Listings Nearby
No similar listings found nearby right now.
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($360,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.