421 Vancouver St
Victoria, BC V8V3T4
$3,495,000
Property Details
Property & Lot
- Sub-type
- Multi-Family
- Lot size
- 7,361 square feet
- Zoning
- Unknown
Apartment GRD-1
Ownership & Fees
- Property type
- Other
- Ownership
- Freehold
- Annual property tax
- $12,696
Interior
- Heating
- Baseboard heaters
- Fireplace
- None
Listing Information
- MLS®
- 1029992
- Listed
- April 8, 2026
- Time on market
- On the market for 145 days
- Data last synced
- August 28, 2026
Listing provided by: DFH Real Estate Ltd. · Data source: CREA DDF.
Description
Spectacular location on the corner of Southgate & Vancouver Streets, in one of Canada's most desirable rental markets, FAIRFIELD WEST. Steps to BEACON HILL PARK, COOK STREET VILLAGE & the ICONIC DALLAS ROAD WATERFRONT. This 12 UNIT CHARACTER APARTMENT BUILDING has been meticulously maintained, extensively renovated & consistently updated by the owners over the past 2 decades, making this one of the finest turn-key buildings in the city! This opportunity has the core components Investors are looking for when purchasing this type of asset. Excellent Return On Investment, 5.59% CAP with current Market Rents, Income Stability, Low Vacancy Risk, Location & Market Demand, Building Condition, Operational Efficiency and Long Term Appreciation. GRD-1 Apartment Zone. 8 One-Bedroom, 1 One-Bedroom & Loft & 3 Bachelor Units all separately metered with their own Heat & Hot Water, 11 Suites have In-Unit Laundry & Tenants enjoy shared Lawn & Garden Area plus individual storage lockers & bike storage. (id:63159)
Location Insights
Weather
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
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 |
|---|---|---|
| South Park Family School | Elementary | 552 m |
| Christ Church Cathedral School(Independent) | Elementary/Middle | 614 m |
| Sir James Douglas Elementary | Elementary | 846 m |
| Pacific School of Innovation and Inquiry(Independent) | Secondary | 890 m |
| Central Middle School | Elementary | 1.2 km |
| James Bay Community | Elementary | 1.5 km |
| Victoria High | Elementary | 1.7 km |
| George Jay Elementary | Elementary | 1.9 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+)
- The Village Taverna · 1075 Pendergast Street213 m
- The next266 m
- Hot House Pizza · 351 Cook Street274 m
- Morning People · 325 Cook Street301 m
- Taisho Japanese Grill & Bar · 230 Cook Street304 m
Cafes (5+)
- Moka House · 345 Cook Street277 m
- The Hidden Gem Treat Shop & Cafe · 337 Cook Street301 m
- Jackson Brothers Coffeehouse · 784 Humboldt Street611 m
- Capital City Café699 m
- Starbucks · 777 Douglas Street769 m
Grocery (1)
- The Root Cellar Village Green Grocer · 271 Cook Street343 m
Parks (5+)
- St. Ann's Academy National Historic Site · 835 Humboldt Street452 m
- Rupert Terrace Green · 850 Quadra Street511 m
- Beacon Hill Park · 100 Cook Street551 m
- South Park554 m
- Fairfield Green576 m
Gyms (1)
- Kadampa Meditation Centre · 970 Blanshard Street795 m
Pharmacies (1)
- Rexall321 m
Banks & ATMs (1)
- Localcoin Bitcoin ATM325 m
Nearby places data: © OpenStreetMap contributors.
School district: Victoria (SD61)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($699,000) — 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.