Property Type: TriplexOwnership: Freehold

31 Bushby St

Victoria, BC V8S1B3

$1,899,900

7 bed3 bath1 parking3,544 sqftBuilt 1913
Get Directions

Property Details

Property & Lot

Sub-type
Triplex
Lot size
4,150 square feet
Zoning
Residential

Triplex

Ownership & Fees

Property type
Triplex
Ownership
Freehold
Strata / maintenance fee
$0/mo
Annual property tax
$8,940.34

Interior

Heating
Baseboard heaters, Forced air, Oil
Cooling / A/C
None
Fireplace
Yes (2)

Parking

Total spaces
1

Room Dimensions

RoomLevelDimensions
PorchMain level
Dining roomSecond level
Living roomSecond level
KitchenSecond level
BathroomSecond level3-Piece
BedroomSecond level
Dining roomMain level
Living roomMain level
BathroomMain level3-Piece
BedroomMain level
BedroomMain level
BedroomMain level
KitchenMain level
Living roomLower level
BathroomLower level3-Piece
KitchenLower level
BedroomLower level
BedroomLower level
BedroomLower level

Listing Information

MLS®
1043979
Listed
July 24, 2026
Time on market
On the market for 38 days
Data last synced
August 28, 2026

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

Description

A Handsome Fairfield triplex near the sea with ocean glimpses. This one is well set up with nice curb appeal. Legal non-conforming 1913-built home that was raised to create a triplex in 1978. Upper and Lower suite recently renovated and in great condition. The tenants pay all utilities except water. Separate meters. The suites are well laid out , with elements of character including high ceilings. The main and upper units have sea glimpses. There's a shared coin-operated laundry as well as laundry hook up for in unit laundry for the lower level. Garage has been converted to a storage building for tenants use, can easily be converted back. Leases in place, great tenants. Amazing opportunity to acquire a turn key income property in one of Victoria's most desirable neighbourhoods. (id:63159)

Values & Trends

This listing

$536/sqft

Building average

No other active listings in this building

Fairfield West average

$815/sqft

4 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

7

1/9 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
Sir James Douglas ElementaryElementary879 m
Margaret Jenkins ElementaryElementary1.7 km
South Park Family SchoolElementary1.7 km
Christ Church Cathedral School(Independent)Elementary/Middle1.8 km
Central Middle SchoolElementary1.8 km
Glenlyon Norfolk School(Independent)K-122.0 km
Pacific School of Innovation and Inquiry(Independent)Secondary2.1 km
Victoria HighElementary2.4 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

Parks (5+)

  • Bushby Park · 160 Bushby Street277 m
  • Clover Point Park · 1301 Dallas Road280 m
  • Olive Street Green · 181 Olive Street307 m
  • Lower Memorial Green358 m
  • Upper Memorial Green502 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($379,980) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,519,920.00
Periodic payment — Principal & Interest (monthly)$9,806.01
Additional monthly expenses (strata, tax, utilities, etc.)$922.03
Total monthly cost$10,728.04
Interest paid over 5-yr term$435,613.44
Balance at end of term$1,367,172.96

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$379,980
Stress test qualifying rate8.09%
Payment you must qualify for$11,687.65

Cash Needed at Closing

Minimum down payment$379,980
Estimated BC PTT$35,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$417,478

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