Property Type: Condo / ApartmentOwnership: Strata

404 511 Rithet St

Victoria, BC V8V1E4

$1,099,000

2 bed2 bath1 parking915 sqftBuilt 2027
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
985 square feet
Zoning
Residential

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$438/mo
Annual property tax
$0

Interior

Heating
Baseboard heaters, Electric, Other
Cooling / A/C
Air Conditioned
Fireplace
None

Exterior & Lot

View
City view, Mountain view, Ocean view

Parking

Total spaces
1

Restrictions & Policies

Pets
Allowed

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

Room Dimensions

RoomLevelDimensions
BedroomMain level
BalconyMain level
KitchenMain level
BathroomMain level
Laundry roomMain level
EnsuiteMain level
Primary BedroomMain level
Living room/Dining roomMain level

Listing Information

MLS®
1033868
Listed
April 29, 2026
Time on market
On the market for 124 days
Data last synced
August 28, 2026

Listing provided by: Rennie & Associates Realty Ltd. · Data source: CREA DDF.

Description

Welcome to JayBay, an exclusive collection of 16 luxury residences by Casman Properties, renowned for crafting homes that reflect the character of each neighbourhood. Following their celebrated Cameo in Sidney—home to the reimagined Star Cinema—Casman now brings their thoughtful design to Victoria’s coveted James Bay community. JayBay blends refined West Coast architecture with modern livability: open layouts, Canadian-made quartz countertops, two-tone cabinetry, and stainless steel appliances. Spa-inspired ensuites feature Moen fixtures and in-floor heating. This two bedroom home offers air conditioning, a Modo car share membership, Bike Storage and access to a private rooftop patio with ocean views. Pet-friendly with no size restrictions. Steps to Dallas Road, Beacon Hill Park, and the Inner Harbour. Completion expected Spring 2027. Price + GST. Reach out for more information! (id:63159)

Values & Trends

This listing

$1,201/sqft

Building average

$1,183/sqft

2 active listing(s)

James Bay average

$680/sqft

37 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

52

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
James Bay CommunityElementary548 m
South Park Family SchoolElementary912 m
Pacific School of Innovation and Inquiry(Independent)Secondary1.3 km
Christ Church Cathedral School(Independent)Elementary/Middle1.6 km
Sir James Douglas ElementaryElementary2.1 km
Central Middle SchoolElementary2.4 km
Victoria West ElementaryElementary2.6 km
Ecole Macaulay ElementaryElementary2.7 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+)

  • Heron Rock Bistro325 m
  • Real Thai Restaurant · 211 Menzies Street377 m
  • The Coriander Indian · 230 Menzies Street396 m
  • Levantine427 m
  • The Bop473 m

Cafes (5+)

  • Piggy & Paisley · 143 Menzies Street307 m
  • James Bay Coffee House · 425 Simcoe Street342 m
  • Discovery Coffee · 277 Menzies Street507 m
  • Colonial Cafe575 m
  • Good Earth Coffeehouse · 535 Superior Street670 m

Grocery (2)

  • Thrifty Foods James Bay · 475 Simcoe Street295 m
  • Red Barn Market · 325 Menzies Street560 m

Parks (5+)

  • Lewis Park · 32 Lewis Street144 m
  • Holland Point Park · 645 Dallas Road273 m
  • Irving Park483 m
  • Avalon Green · 601 Avalon Road588 m
  • Macdonald Park · 212 Niagara Street643 m

Gyms (1)

  • Fitness Center · 525 Superior Street674 m

Pharmacies (1)

  • James Bay Pharmasave · 230 Menzies Street361 m

Banks & ATMs (1)

  • Unnamed · 475 Simcoe Street312 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 7.7% ($84,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$879,200.00
Periodic payment — Principal & Interest (monthly)$5,672.30
Additional monthly expenses (strata, tax, utilities, etc.)$484.00
Total monthly cost$6,156.30
Interest paid over 5-yr term$251,981.25
Balance at end of term$790,843.24

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$84,900
Stress test qualifying rate8.09%
Payment you must qualify for$7,798.07

Cash Needed at Closing

Minimum down payment$84,900
Estimated BC PTT$19,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$106,380

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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