Property Type: Condo / ApartmentOwnership: Strata

306 689 Bay St

Victoria, BC V8T5H9

$469,000

1 bed1 bath1 parking805 sqftBuilt 1994
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
827 square feet
Zoning
Multi-Family

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$406/mo
Annual property tax
$2,436.08

Interior

Heating
Baseboard heaters, Electric, Natural gas
Cooling / A/C
See Remarks
Fireplace
Yes (1)

Exterior & Lot

View
City view

Parking

Total spaces
1 — uncovered indicated
Features
Underground

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
DenMain level14' x 9'
BathroomMain level4-Piece
Primary BedroomMain level12' x 10'
KitchenMain level8' x 8'
Dining roomMain level18' x 12'
Living roomMain level15' x 10'
EntranceMain level4' x 4'

Listing Information

MLS®
1046437
Listed
August 8, 2026
Time on market
On the market for 23 days
Data last synced
August 28, 2026

Listing provided by: eXp Realty · Data source: CREA DDF.

Description

Beautifully renovated and move-in ready, this spacious 805 sq. ft. 2-bed, 1-bath condo offers stylish finishes in an unbeatable downtown Victoria location. (id:63159)

Values & Trends

This listing

$583/sqft

Building average

No other active listings in this building

Downtown average

$766/sqft

152 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

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
Selkirk Montessori School(Independent)Elementary/Middle1.1 km
SJ Burnside Education CentreSecondary1.2 km
George Jay ElementaryElementary1.2 km
VI School of Innovation and Inquiry(Independent)Elementary/Middle1.2 km
Ecole Quadra ElementaryElementary1.3 km
Pacific School of Innovation and Inquiry(Independent)Secondary1.4 km
Oak and Orca Bioregional School(Independent)K-121.4 km
Victoria HighElementary1.5 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+)

  • Local Urban Bites · 2631 Douglas Street205 m
  • Fountain Restaurant · 2680 Blanshard Street336 m
  • Xin Korean Restaurant · 823 Bay Street346 m
  • Wheelies Cafe361 m
  • MeeT on Blanshard · 797 Hillside Avenue397 m

Cafes (5+)

  • Tim Hortons · 2680 Blanshard Street344 m
  • Discovery Coffee · 664 Discovery Street379 m
  • 2% Jazz · 740 Hillside Avenue401 m
  • Cascadia · 1812 Government Street536 m
  • Caffè Fantastico · 975 Kings Road578 m

Grocery (5+)

  • BC Ale Trail447 m
  • Halal Urban Fresh Meats · 2618 Quadra Street594 m
  • Zero Waste Emporium · 1728 Douglas Street607 m
  • No Frills · 770 Fisgard Street634 m
  • Damascus Food Market635 m

Parks (5+)

  • Bay and Government Park · 625 Bay Street124 m
  • Humber Green347 m
  • Wark Street Commons · 2575 Wark Street516 m
  • Central Park · 2275 Quadra Street725 m
  • Pandora Green782 m

Gyms (5+)

  • Victoria Martial Arts · 630 Bay Street139 m
  • CrossFit Zone · 708 Pembroke Street310 m
  • Vic City Gymnastics · 2051 Store Street419 m
  • BoulderHouse Climbing · 2829 Quesnel Street555 m
  • Spinco · 524 Pandora Avenue777 m

Pharmacies (2)

  • Fort Royal Pharmacy Hillside · 797 Hillside Avenue387 m
  • Quadra Village Drug Mart · 2631 Quadra Street657 m

Banks & ATMs (5+)

  • Localcoin Bitcoin ATM · 1710 Douglas Street631 m
  • Localcoin Bitcoin ATM637 m
  • RBC Royal Bank · 1701 Douglas Street661 m
  • CIBC666 m
  • Community Savings Credit Union737 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($23,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$375,200.00
Periodic payment — Principal & Interest (monthly)$2,420.66
Additional monthly expenses (strata, tax, utilities, etc.)$649.01
Total monthly cost$3,069.67
Interest paid over 5-yr term$107,533.40
Balance at end of term$337,493.61

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$23,450
Stress test qualifying rate8.09%
Payment you must qualify for$3,426.12

Cash Needed at Closing

Minimum down payment$23,450
Estimated BC PTT$7,380
Legal / closing costs (typical estimate)$1,500
Total cash needed$32,330

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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