Property Type: FourplexOwnership: Freehold

2920 Shakespeare St

Victoria, BC V8R4H4

$1,580,000

7 bed4 bath2 parking3,704 sqftBuilt 1969
Get Directions

Property Details

Property & Lot

Sub-type
Fourplex
Lot size
13,035 square feet
Zoning
Residential

R1-B

Ownership & Fees

Property type
Fourplex
Ownership
Freehold
Annual property tax
$9,190.04

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
None

Parking

Total spaces
2

Room Dimensions

RoomLevelDimensions
Living room/Dining roomLower level12'11 x 13'9
KitchenLower level5'1 x 13'9
StorageLower level3'9 x 7'8
BathroomLower level4-Piece
BedroomLower level11'8 x 14'8
Utility roomLower level8'0 x 11'4
Laundry roomLower level8'8 x 11'7
KitchenLower level8'9 x 11'1
Living room/Dining roomLower level11'9 x 15'5
BathroomLower level4-Piece
StorageLower level5'7 x 10'9
BedroomLower level8'9 x 9'2
BedroomLower level9'2 x 14'11
BedroomSecond level10'6 x 16'3
BedroomSecond level12'8 x 10'7
StorageMain level2'10 x 8'10
BedroomMain level11'7 x 14'8
Dining roomMain level7'7 x 11'5
KitchenMain level5'10 x 19'5
BathroomMain level4-Piece
Living roomMain level14'0 x 17'3
Living roomMain level13'11 x 17'5
BedroomMain level11'4 x 11'6
KitchenMain level9'1 x 14'8
BathroomMain level3-Piece

Listing Information

MLS®
1031665
Listed
April 16, 2026
Time on market
On the market for 137 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Coast Capital - Chatterton · Data source: CREA DDF.

Description

Nestled in a quiet pocket of Oaklands just two blocks from Hillside Mall, this meticulously maintained LEGAL 4-plex is a rare opportunity to secure a strong, income-producing investment. Originally built in the 1920s, the home was moved to its current location and converted to a 4-plex with permits in 1989. Set on a private 13,000+ sq ft panhandle lot, the property offers three bright 2-bedroom suites and one spacious 1-bedroom + den, each with separate entrances, individual meters, hot water tanks, and outdoor space. Character details include 10-foot ceilings and loft-style bedrooms in the upper units, while the garden suites provide generous layouts filled with natural light. Practical features include 300-amp service, common laundry, updated windows, and a double garage (one side converted to storage). With direct transit to UVIC, Camosun, and downtown, this property offers both immediate rental income and excellent long-term holding value. This property is fully tenanted with a showing schedule, and a minimum of 24 hours is required for viewings. (id:63159)

Values & Trends

This listing

$427/sqft

Building average

No other active listings in this building

Oaklands average

No comparable active listings

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

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
Oaklands ElementaryElementary240 m
Victoria School for Ideal Education(Independent)Elementary/Middle339 m
Lansdowne Middle SchoolMiddle551 m
Artemis Place Secondary(Independent)Secondary682 m
Oak and Orca Bioregional School(Independent)K-12994 m
VI School of Innovation and Inquiry(Independent)Elementary/Middle1.1 km
St. Michaels University School(Independent)K-121.2 km
Victor SchoolK-121.2 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+)

  • East Garden Restaurant · 2888 Belmont Avenue221 m
  • Sushi Island · 1633 Hillside Avenue299 m
  • Noodle Fans358 m
  • Hiro Sushi Xpress372 m
  • Sarpino's Pizzeria · 3009 Gosworth Road755 m

Cafes (4)

  • Tim Hortons · 1644 Hillside Avenue327 m
  • Starbucks366 m
  • Tim Hortons477 m
  • Koffi · 1441 Haultain Street798 m

Grocery (1)

  • Thrifty Foods · 1580 Hillside Avenue296 m

Parks (5+)

  • Doncaster Greenway135 m
  • Oaklands Green · 1515 Holly Street286 m
  • David Spencer Park · 2760 Victor Street390 m
  • Oaklands Park · 1550 Kings Road450 m
  • Clawthorpe Park · 1619 Clawthorpe Avenue621 m

Shopping (4)

  • Canadian Tire · 1610 Hillside Avenue314 m
  • Hillside Centre · 1644 Hillside Avenue390 m
  • Marshalls · 1644 Hillside Avenue496 m
  • Walmart501 m

Pharmacies (2)

  • Pharmasave · 1641 Hillside Avenue328 m
  • Shoppers Drug Mart504 m

Banks & ATMs (3)

  • RBC Royal Bank227 m
  • CIBC296 m
  • Scotiabank506 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($316,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,264,000.00
Periodic payment — Principal & Interest (monthly)$8,154.90
Additional monthly expenses (strata, tax, utilities, etc.)$950.84
Total monthly cost$9,105.74
Interest paid over 5-yr term$362,266.03
Balance at end of term$1,136,972.09

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$316,000
Stress test qualifying rate8.09%
Payment you must qualify for$9,719.72

Cash Needed at Closing

Minimum down payment$316,000
Estimated BC PTT$29,600
Legal / closing costs (typical estimate)$1,500
Total cash needed$347,100

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.

Request more information