Property Type: Condo / ApartmentOwnership: Strata

302 1028 Balmoral Rd

Victoria, BC V8T1A8

$389,000

1 bed1 bath1 parking494 sqftBuilt 1994
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
524 square feet
Zoning
Residential

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$378/mo
Annual property tax
$1,939.82

Interior

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

Parking

Total spaces
1

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
EntranceMain level
KitchenMain level
Dining roomMain level
Living roomMain level
BedroomMain level
BathroomMain level4-Piece
BalconyMain level

Listing Information

MLS®
1042756
Listed
July 13, 2026
Time on market
On the market for 49 days
Data last synced
August 28, 2026

Listing provided by: Pemberton Holmes Ltd. · Data source: CREA DDF.

Description

Welcome to Balmoral! This updated 1-bedroom condo offers two standout features rarely found at this price point—a secure underground PARKING spot and IN-SUITE laundry. Perfectly located in a central neighbourhood with an exceptional walk score, you're just steps from cafés, shopping, parks, Fernwood Village and downtown Victoria. Inside, you'll find a bright, efficient layout with a spacious living area, peaceful treed outlook, private balcony, plus newer appliances, hot water tank, faucets and fixtures. This professionally managed building has been well maintained and showcases updated windows, doors and elevator for that peace-of-mind ownership. Pet and rental friendly with no age restrictions, plus a storage locker and secure bike parking. A fantastic opportunity for first-time buyers, downsizers, or investors. (id:63159)

Values & Trends

This listing

$787/sqft

Building average

No other active listings in this building

Central Park average

$480/sqft

5 active listing(s)

Parking: 1 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

70

8/9 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
Victoria HighElementary555 m
George Jay ElementaryElementary557 m
Central Middle SchoolElementary740 m
Christ Church Cathedral School(Independent)Elementary/Middle810 m
Pacific School of Innovation and Inquiry(Independent)Secondary1.1 km
VI School of Innovation and Inquiry(Independent)Elementary/Middle1.2 km
Victor SchoolK-121.3 km
Oak and Orca Bioregional School(Independent)K-121.5 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+)

  • Quesadas Burritos & Tacos · 1545 Vancouver Street154 m
  • Sun Wah170 m
  • Standard Pizza185 m
  • Chicken World · 924 Pandora Avenue276 m
  • Moxie's372 m

Cafes (5+)

  • WAIRUA · 1040 North Park Street115 m
  • Fern Cafe and Bakery · 1-1115 North Park Street164 m
  • The Parsonage Cafe · 1105 Caledonia Avenue222 m
  • The Loft & Ladder333 m
  • Fika · 1329 Cook Street339 m

Grocery (5+)

  • Save-On-Foods · 1010 Pandora Avenue163 m
  • Daily Fresh · 1627 Quadra Street312 m
  • Market on Yates · 903 Yates Street494 m
  • No Frills · 770 Fisgard Street720 m
  • Fernwood General Store · 1308 Gladstone Avenue756 m

Parks (5+)

  • Mason Street Park · 1045 Mason Street92 m
  • Pandora Green213 m
  • Royal Athletic Park · 1014 Caledonia Avenue281 m
  • Harris Green286 m
  • Kings Park · 1150 Caledonia Avenue353 m

Shopping (1)

  • London Drugs477 m

Gyms (5+)

  • Forge Gym333 m
  • Peterec's Kombat Centre · 851 Johnson Street456 m
  • Victoria Fitness · 1029 View Street504 m
  • Tropos Fitness Club · 1601 Blanshard Street528 m
  • Anytime Fitness · 815 Yates Street604 m

Pharmacies (4)

  • Cridge Pharmacy313 m
  • Rexall416 m
  • Victoria Compounding Pharmacy · 1089 Fort Street603 m
  • View Street Pharmacy · 867 View Street610 m

Banks & ATMs (3)

  • RBC Royal Bank · 1701 Douglas Street727 m
  • Localcoin Bitcoin ATM · 1710 Douglas Street773 m
  • Scotiabank · 702 Yates Street786 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$311,200.00
Periodic payment — Principal & Interest (monthly)$2,007.76
Additional monthly expenses (strata, tax, utilities, etc.)$564.75
Total monthly cost$2,572.51
Interest paid over 5-yr term$89,190.81
Balance at end of term$279,925.41

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,450
Stress test qualifying rate8.09%
Payment you must qualify for$2,841.71

Cash Needed at Closing

Minimum down payment$19,450
Estimated BC PTT$5,780
Legal / closing costs (typical estimate)$1,500
Total cash needed$26,730

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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