221 Edward St
Victoria, BC V9A3E4
$1,550,000
Property Details
Property & Lot
- Lot size
- 7,841 square feet
- Zoning
- Residential
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $6,038
Interior
- Fireplace
- None
Exterior & Lot
- View
- Ocean view
Parking
- Total spaces
- 4
Listing Information
- MLS®
- 1039983
- Listed
- June 11, 2026
- Time on market
- On the market for 82 days
- Data last synced
- August 28, 2026
Listing provided by: Coldwell Banker Oceanside Real Estate · Data source: CREA DDF.
Description
DEVELOPMENT OPPORTUNITY IN THE HEART OF VIC WEST! Rarely do lots of this size & location become available. Situated on a generous 60' x 132' lot, this property offers exciting Small-Scale Multi-Unit Housing (SSMUH) potential in one of Victoria's most rapidly evolving neighbourhoods. Whether you're a builder, developer, investor, or future homeowner looking to secure land in a prime location, 221 Edward Street presents a compelling opportunity. Buyers are encouraged to complete their own due diligence with the City of Victoria regarding redevelopment possibilities. Ideally located minutes from DT Victoria & within walking distance to Save-On-Foods, Browns Crafthouse, shops, Bay Street Bridge, parks, schools & major transit routes. Enjoy the convenience of urban living combined w/ mountain outlooks from the property & easy access to everything Victoria has to offer. An exceptional opportunity to secure a large Vic West lot in a neighbourhood experiencing significant growth & investment. (id:63159)
Location Insights
Weather
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
52
6/9 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 |
|---|---|---|
| Victoria West Elementary | Elementary | 299 m |
| Selkirk Montessori School(Independent) | Elementary/Middle | 869 m |
| Esquimalt High School | Secondary | 1.1 km |
| SJ Burnside Education Centre | Secondary | 1.3 km |
| Victor-Brodeur | K-12 | 1.3 km |
| Beausoleil | Elementary | 1.3 km |
| Pacific School of Innovation and Inquiry(Independent) | Secondary | 1.8 km |
| Ecole Macaulay Elementary | Elementary | 1.8 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 (5+)
- Pita Land · #110, 182 Wilson Street223 m
- Victoria Sushi · 176 Wilson Street239 m
- Browns Crafthouse · 184 Wilson Street250 m
- Crown Palace · 405 Craigflower Road356 m
- Steve's Poké Bar · 645 Tyee Road369 m
Cafes (4)
- Starbucks275 m
- Spiral Cafe · 418 Craigflower Road426 m
- Caffe Fantastico467 m
- Selkirk Cafe · 2960 Jutland Road794 m
Grocery (1)
- The Market Garden · 810 Catherine Street81 m
Parks (5+)
- Alston Green · 190 Bay Street185 m
- Victoria West Park · 155 Wilson Street315 m
- Dundas Green319 m
- Bridges Park · 759 Central Spur321 m
- Regatta Point Park · 1 Regatta Landing344 m
Gyms (2)
- Truth Gym Gallery · 1035 Alston Street220 m
- Selkirk Waterfront Fitness678 m
Pharmacies (2)
- Pharmasave · 180 Wilson Street214 m
- Save-On-Foods · 172 Wilson Street315 m
Nearby places data: © OpenStreetMap contributors.
School district: Victoria (SD61)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($310,000) — 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.