Property Type: Condo / ApartmentOwnership: Strata

408 916 Lyall St

Esquimalt, BC V9A5E6

$515,000

1 bed1 bath1 parking588 sqftBuilt 2022
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Property Details

Property & Lot

Sub-type
Apartment
Zoning
Residential

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$414/mo
Annual property tax
$3,060.63

Interior

Heating
Other
Cooling / A/C
None
Fireplace
None

Parking

Total spaces
1

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
BalconyMain level
BedroomMain level
Living roomMain level
BathroomMain level
KitchenMain level
EntranceMain level

Listing Information

MLS®
1037784
Listed
May 29, 2026
Time on market
On the market for 94 days
Data last synced
August 28, 2026

Listing provided by: Oakwyn Realty Ltd. · Data source: CREA DDF.

Description

Perched above Westbay Harbour, this beautifully finished 1 bed, 1 bath condo offers a refined take on waterfront living. From the private balcony, serene water views and sparkling city lights create a backdrop that feels both calming and vibrant, with mornings starting quietly on the balcony and evenings lit by the glow of the city.Inside, the home is thoughtfully designed with clean lines, high-end finishes, and a modern layout that feels both elevated and easy to live in. The kitchen is meticulously planned to cater to both aspiring chefs and seasoned hosts, featuring premium Blomberg and Fisher & Paykel appliances, sleek cabinetry, and a design that balances beauty with functionality. The overall feel is polished and contemporary, with details selected to support comfortable everyday living as well as easy entertaining.Built in steel and concrete for lasting quality, this residence offers a sense of durability and quiet sophistication. Comfort and convenience are woven throughout, with heating and cooling, heated bathroom floors, roller shade blinds, dimmable LED lighting, and access to EV charging stations all contributing to an easy, low-maintenance lifestyle. Dedicated kayak and bicycle storage and convenient access to the water add to the appeal for those who want to make the most of this unique setting.Life at Westbay Quay is about more than just the suite itself. Marina Bay Café is right downstairs, the scenic Westbay Walkway is only minutes from your door, and the Galloping Goose Trail, water taxis, and downtown Victoria are all close at hand. Thoughtfully designed to blend residential and commercial space, the community has a distinctive marina village feel that connects the waterfront to everyday life in a way that feels authentic, relaxed, and vibrant. This is a home that combines quality construction, thoughtful design, and a lifestyle that is truly connected to the water. (id:63159)

Values & Trends

This listing

$876/sqft

Building average

$932/sqft

4 active listing(s)

Esquimalt average

$767/sqft

63 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

15°C

Humidity 82%

Wind N 2 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Population

17,653

(2021 Census)

Density: 2,418.2/km²

Dwellings: 9,036

Median household income: $76,000

After-tax: $67,500

Immigrant population: 15.3%

Top countries of origin (% of total population)

  • United Kingdom3% · 525
  • Philippines1.5% · 270
  • United States of America1.2% · 215
  • India0.8% · 145
  • China0.7% · 115
  • Germany0.5% · 85
  • Viet Nam0.3% · 60
  • France0.3% · 50

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

44

6/9 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
Ecole Macaulay ElementaryElementary499 m
BeausoleilElementary651 m
Victor-BrodeurK-12651 m
Victoria West ElementaryElementary1.2 km
Esquimalt High SchoolSecondary1.3 km
Rockheights Middle SchoolElementary1.3 km
James Bay CommunityElementary1.8 km
Selkirk Montessori School(Independent)Elementary/Middle2.2 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+)

  • Lum's Chinese Restaurant · 914 Esquimalt Road470 m
  • Spice Valley Indian Cuisine · 910½ Esquimalt Road474 m
  • Bunny's Nook Kitchen · 904B Esquimalt Road486 m
  • Sushi Story516 m
  • The Blue Nile532 m

Cafes (3)

  • Marina Bay Cafe · 474 Head Street33 m
  • Tim Hortons537 m
  • Esquimalt Roasting Company · 854 Esquimalt Road583 m

Parks (5+)

  • Captain Jacobson Park128 m
  • Paradise Park177 m
  • West Bay Walkway505 m
  • Barnard Park · 300 Barnard Avenue583 m
  • Hither Green659 m

Gyms (1)

  • Third Space · 918 Esquimalt Road467 m

Pharmacies (2)

  • Heart Pharmacy · 890 Esquimalt Road517 m
  • Shoppers Drug Mart · 870 Esquimalt Road585 m

Banks & ATMs (1)

  • Unnamed558 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 5.1% ($26,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$412,000.00
Periodic payment — Principal & Interest (monthly)$2,658.08
Additional monthly expenses (strata, tax, utilities, etc.)$697.65
Total monthly cost$3,355.74
Interest paid over 5-yr term$118,080.38
Balance at end of term$370,595.33

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$26,500
Stress test qualifying rate8.09%
Payment you must qualify for$3,756.39

Cash Needed at Closing

Minimum down payment$26,500
Estimated BC PTT$8,300
Legal / closing costs (typical estimate)$1,500
Total cash needed$36,300

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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