401 1501 Richmond Ave
Victoria, BC V8R4P7
$769,000
Property Details
Property & Lot
- Sub-type
- Apartment
- Lot size
- 1,105 square feet
- Zoning
- Residential
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $602/mo
- Annual property tax
- $3,500.4
Interior
- Heating
- Baseboard heaters, Electric, Natural gas
- Cooling / A/C
- None
- Fireplace
- Yes (1)
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
| Room | Level | Dimensions |
|---|---|---|
| Balcony | Main level | — |
| Laundry room | Main level | — |
| Bathroom | Main level | — |
| Bedroom | Main level | — |
| Ensuite | Main level | — |
| Primary Bedroom | Main level | — |
| Kitchen | Main level | — |
| Dining nook | Main level | — |
| Living room | Main level | — |
| Dining room | Main level | — |
| Office | Main level | — |
| Entrance | Main level | — |
Listing Information
- MLS®
- 1046420
- Listed
- August 9, 2026
- Time on market
- On the market for 22 days
- Data last synced
- August 28, 2026
Listing provided by: Newport Realty Ltd. · Data source: CREA DDF.
Description
Welcome to top-floor modern luxury! Fully renovated with no expense spared, this bright 2-bedroom plus office, 2-bathroom condo offers 1,060 sq. ft. of pristine living space where everything is fresh, crisp, and brand new. Step inside to discover new wood flooring, custom lighting, fresh neutral paint, updated window blinds, and almost-new appliances. The chef-inspired kitchen features durable quartz countertops, sleek full-height cabinetry, and a sun-drenched skylight, opening effortlessly into an elegant living space framed by serene, tree-canopy views. Both full bathrooms are completely redesigned—one featuring a deep soaking tub and the other a sleek walk-in shower. Added conveniences include stylish in-suite stacked laundry, a dedicated home office, gas fireplace and an exceptionally proactive, well-organized strata. Nestled in a prime central location, you are just steps away from Oak Bay Ave and its charming collection of local boutiques, cafes, & amenities. Perfection awaits! (id:63159)
Values & Trends
This listing
$725/sqft
Building average
—
No other active listings in this building
Jubilee average
$596/sqft
7 active listing(s)
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
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
48
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
| School | Type | Distance |
|---|---|---|
| Sundance-Bank Elementary | Elementary | 184 m |
| Glenlyon Norfolk School(Independent) | K-12 | 712 m |
| St Patrick's School(Independent) | Elementary | 820 m |
| Victor School | K-12 | 836 m |
| Oak Bay Secondary | Secondary | 1.0 km |
| Margaret Jenkins Elementary | Elementary | 1.2 km |
| Victoria High | Elementary | 1.3 km |
| Central Middle School | Elementary | 1.3 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+)
- Confit · 1871 Oak Bay Avenue263 m
- White Heather Tea Room · 1885 Oak Bay Avenue285 m
- CairoMum · 1807 Fort Street318 m
- Panda Island Chinese Cuisine423 m
- White Spot · 1871 Fort Street485 m
Cafes (5+)
- QV Coffee House · 1769 Fort Street275 m
- Discovery Coffee · 1964 Oak Bay Avenue470 m
- Good Earth Coffeehouse · 1971 Oak Bay Avenue528 m
- Tim Hortons · 1950 Foul Bay Road654 m
- Shine Cafe · 1548 Fort Street657 m
Grocery (2)
- Urban Grocer408 m
- Save-On-Foods · 1950 Foul Bay Road636 m
Parks (5+)
- Agamemnon and Eleni Kasapi Park · 1850 Leighton Road238 m
- Leighton Green272 m
- Fern Street Park · 1819 Fern Street383 m
- Terrace Park · 1002 Terrace Avenue454 m
- Redfern Park · 1755 Redfern Street487 m
Gyms (3)
- Arbutus Physiotherapy · 1928 Oak Bay Avenue391 m
- Spinco Oak Bay · 2005 Oak Bay Avenue568 m
- Six Factors Fitness · 1931 Lee Avenue568 m
Pharmacies (4)
- I.D.A. · 1775 Fort Street276 m
- Fort Royal Pharmacy · 1803 Fort Street311 m
- Shoppers Drug Mart374 m
- The Medicine Shoppe · 1964 Fort Street776 m
Banks & ATMs (2)
- Localcoin Bitcoin ATM553 m
- Island Savings: Jubilee Branch · 1955 Fort Street706 m
Nearby places data: © OpenStreetMap contributors.
School district: Victoria (SD61)
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Mortgage & Ownership Cost Calculator
Minimum required: 6.7% ($51,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.