Property Type: Condo / ApartmentOwnership: Strata

321 515 Chatham St

Victoria, BC V8T0C8

$434,900

1 bed1 bath1 parking537 sqftBuilt 2020
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
537 square feet
Zoning
Residential

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$412/mo
Annual property tax
$2,386.57

Interior

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

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
BathroomMain level3-Piece
Living roomMain level
BalconyMain level6'8
KitchenMain level7'6
BedroomMain level

Listing Information

MLS®
1040317
Listed
June 15, 2026
Time on market
On the market for 77 days
Data last synced
August 28, 2026

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

Description

A rare gem in the city, overlooking a quiet interior courtyard yet located in vibrant Old Town, this beautifully appointed condo is located in the Ironworks building. Built in 2020, this modern one-bedroom home features high-end finishes and an unbeatable central location. The bright, open-concept living space includes a contemporary kitchen with stainless steel appliances, quartz countertops, and dual-tone cabinetry. The unit also offers in-suite laundry and a stylish three-piece bathroom with modern fixtures and a rain shower head. Overlooking the peaceful courtyard, the suite provides a tranquil setting just steps from some of Victoria’s best restaurants, cozy cafés, boutique shops, markets, and cultural attractions. Completing the package are secure underground parking, a storage locker, and a pet-friendly building. MOTIVATED SELLERS and quick possession! (id:63159)

Values & Trends

This listing

$810/sqft

Building average

$917/sqft

2 active listing(s)

Downtown average

$765/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

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

67

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
Pacific School of Innovation and Inquiry(Independent)Secondary899 m
Christ Church Cathedral School(Independent)Elementary/Middle1.2 km
Selkirk Montessori School(Independent)Elementary/Middle1.3 km
George Jay ElementaryElementary1.4 km
South Park Family SchoolElementary1.5 km
Victoria West ElementaryElementary1.5 km
SJ Burnside Education CentreSecondary1.5 km
Victoria HighElementary1.6 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+)

  • Jam Cafe · 542 Herald Street107 m
  • End Dive · 1802 Government Street133 m
  • Pinhalla · 516 Fisgard Street143 m
  • Don Mee Seafood Restaurant · 538 Fisgard Street154 m
  • MAiiZ Tortilleria & Eatery · 540 Fisgard Street156 m

Cafes (5+)

  • Grindstone Cafe · Herald Street60 m
  • Union Pacific Coffee · 537 Herald Street86 m
  • Cascadia · 1812 Government Street128 m
  • Bean Around The World · 533 Fisgard Street172 m
  • QV Cafe · 1701 Government Street221 m

Grocery (5+)

  • Zero Waste Emporium · 1728 Douglas Street331 m
  • No Frills · 770 Fisgard Street382 m
  • Mexican House of Spice · 1412 Douglas Street467 m
  • Bulk Barn · 706 Yates Street592 m
  • Daily Fresh · 1627 Quadra Street795 m

Parks (5+)

  • Triangle Green283 m
  • Pandora Green319 m
  • Bridgehead Green332 m
  • Reeson Park · 1300 Wharf Street418 m
  • Bay and Government Park · 625 Bay Street556 m

Shopping (5+)

  • Camöflage367 m
  • Sabayons · 1101 Government Street623 m
  • The Bay Centre646 m
  • The Bay Centre · 1150 Douglas Street646 m
  • Winners · 1150 Douglas Street657 m

Gyms (5+)

  • Vic City Gymnastics · 2051 Store Street193 m
  • Spinco · 524 Pandora Avenue233 m
  • Limitless Training · 582 Johnson Street355 m
  • Lagree West425 m
  • CrossFit Zone · 708 Pembroke Street464 m

Pharmacies (2)

  • Shoppers Drug Mart · 1212 Douglas Street622 m
  • I.D.A. Cridge Family · 641 Fort Street694 m

Banks & ATMs (5+)

  • Localcoin Bitcoin ATM · 1710 Douglas Street333 m
  • RBC Royal Bank · 1701 Douglas Street382 m
  • Unnamed504 m
  • Scotiabank · 702 Yates Street573 m
  • Vancity · 1280 Douglas Street583 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($21,745) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$347,920.00
Periodic payment — Principal & Interest (monthly)$2,244.66
Additional monthly expenses (strata, tax, utilities, etc.)$637.88
Total monthly cost$2,882.54
Interest paid over 5-yr term$99,714.87
Balance at end of term$312,955.17

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$21,745
Stress test qualifying rate8.09%
Payment you must qualify for$3,177.02

Cash Needed at Closing

Minimum down payment$21,745
Estimated BC PTT$6,698
Legal / closing costs (typical estimate)$1,500
Total cash needed$29,943

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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