Property Type: Condo / ApartmentOwnership: Strata

304 1537 Morrison St

Victoria, BC V8R4K1

$465,000

2 bed1 bath1 parking940 sqftBuilt 1987
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
1,042 square feet
Zoning
Multi-Family

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$678/mo
Annual property tax
$2,239

Interior

Heating
Baseboard heaters
Cooling / A/C
None
Fireplace
None

Parking

Total spaces
1

Restrictions & Policies

Pets
Allowed with restrictions

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

Room Dimensions

RoomLevelDimensions
SunroomMain level
BathroomMain level4-Piece
DenMain level
BedroomMain level
Primary BedroomMain level
EntranceMain level
KitchenMain level
Dining roomMain level
Living roomMain level

Listing Information

MLS®
1032542
Listed
April 18, 2026
Time on market
On the market for 135 days
Data last synced
August 28, 2026

Listing provided by: Newport Realty Ltd. · Data source: CREA DDF.

Description

Open House, Sun, June 7, 1-3. Location, Location, Location, the 3 MOST important words in Real Estate - you can't beat this Centrally located 2 Bedroom Beauty, plus an extra bonus den/storage room. Nothing to do but move in! Beautifully updated suite, with a gleaming kitchen you will be proud of, it's spacious, light and bright, with a great sunroom/balcony to enjoy. The Ascot building is well run and well maintained with such recent updates as new windows and fresh paint. Walk to everything you need, groceries, pharmacy, restaurants, coffee shops, pub, and the hospital, Walk to downtown, Oak Bay Village, or hop a bus around the corner, all close by yet it's a quiet location on a tree lined street. There's parking stall for your car and you can bring your furry friends -2 cats or a small dog. This could be your new home! (id:63159)

Values & Trends

This listing

$495/sqft

Building average

No other active listings in this building

Jubilee average

$629/sqft

7 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

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

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
Sundance-Bank ElementaryElementary418 m
Victor SchoolK-12646 m
Glenlyon Norfolk School(Independent)K-12790 m
St Patrick's School(Independent)Elementary989 m
Victoria HighElementary1.0 km
Central Middle SchoolElementary1.1 km
Oak Bay SecondarySecondary1.3 km
Margaret Jenkins ElementaryElementary1.3 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+)

  • CairoMum · 1807 Fort Street421 m
  • Tartan Toque · 1507 Pandora Avenue421 m
  • Confit · 1871 Oak Bay Avenue553 m
  • White Heather Tea Room · 1885 Oak Bay Avenue576 m
  • White Spot · 1871 Fort Street642 m

Cafes (3)

  • QV Coffee House · 1769 Fort Street343 m
  • Shine Cafe · 1548 Fort Street376 m
  • Discovery Coffee · 1964 Oak Bay Avenue761 m

Grocery (1)

  • Urban Grocer117 m

Parks (5+)

  • Leighton Green203 m
  • Verrinder Park · 1551 Oak Bay Avenue223 m
  • Fern Street Park · 1819 Fern Street253 m
  • Terrace Park · 1002 Terrace Avenue279 m
  • Scurrah Green · 1580 Fort Street291 m

Gyms (2)

  • Arbutus Physiotherapy · 1928 Oak Bay Avenue682 m
  • Six Factors Fitness · 1931 Lee Avenue762 m

Pharmacies (3)

  • Shoppers Drug Mart84 m
  • I.D.A. · 1775 Fort Street354 m
  • Fort Royal Pharmacy · 1803 Fort Street408 m

Banks & ATMs (1)

  • Localcoin Bitcoin ATM275 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($23,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$372,000.00
Periodic payment — Principal & Interest (monthly)$2,400.02
Additional monthly expenses (strata, tax, utilities, etc.)$911.58
Total monthly cost$3,311.60
Interest paid over 5-yr term$106,616.27
Balance at end of term$334,615.20

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$23,250
Stress test qualifying rate8.09%
Payment you must qualify for$3,396.90

Cash Needed at Closing

Minimum down payment$23,250
Estimated BC PTT$7,300
Legal / closing costs (typical estimate)$1,500
Total cash needed$32,050

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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