Property Type: Condo / ApartmentOwnership: Strata

5 235 Island Hwy

View Royal, BC V9B1G3

$1,099,900

3 bed3 bath2 parking2,905 sqftBuilt 1920
Get Directions

Property Details

Property & Lot

Sub-type
House
Lot size
8,288 square feet
Zoning
Multi-Family

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$338/mo
Annual property tax
$4,322.98

Interior

Heating
Heat Pump, Baseboard heaters, Electric, Other
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)
Appliances
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave, Garburator

Exterior & Lot

Lot features
Central location, Irregular lot size, Other, Rectangular

Building

Parcel ID (PID)
029-906-601

Parking

Total spaces
2

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
StorageLower level19'5 x 24'7
Laundry roomLower level11'6 x 12'0
BathroomLower level4'11 x 5'11
EntranceLower level13'2 x 12'7
BedroomMain level13'5 x 12'1
BathroomMain level6'3 x 9'10
BedroomMain level12'6 x 12'0
EntranceMain level20'11 x 6'7
Living roomMain level13'6 x 18'0
Family roomMain level11'5 x 9'11
KitchenMain level23'8 x 12'9
EnsuiteSecond level13'9 x 11'0
Primary BedroomSecond level16'4 x 23'6
OtherSecond level16'4 x 23'6

Listing Information

MLS®
1046762
Listed
August 13, 2026
Time on market
On the market for 18 days
Data last synced
August 30, 2026

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

Description

OPEN HOUSE SATURDAY AUG 27 The Shopkeeper's Home Don't be fooled by the address! Built in the 1920s, 5-235 Island Highway is a true character home — the kind with coved ceilings overhead and hardwood underfoot, details that speak to an era when craftsmanship was simply how things were done. Today it sits tucked beneath a canopy of Garry Oaks with today's modern conveniences such as a new heat pump and furnace, new HWT and updated appliances. This character home was brought up to code when the developer built the townhomes on the surrounding property. This home enjoys the benefits of the strata community, yet maintains it's independence as it's own detached dwelling section. Inside, an updated kitchen brings modern ease into conversation with the home's original character, while banquet seating/ breakfast nook with storage welcomes the family. The original dining room is versatile and is currently set up as a bright home office. The updated main bathroom is modern and inviting - meticulously designed. Climb to the top, and you'll find the home's quiet reward: the primary bedroom oasis claims the entire attic loft, a private retreat above it all, complete with a spa-like ensuite and a walk-in closet. Three balcony spaces provide ample space to bathe in the sun, while the irrigated yard is adorn by Garry oak meadows. Two further bedrooms and a powder room round out a layout that has clearly welcomed generations, and will welcome many more. Storage is tucked into every sensible seam, right down to a crawl space generous enough to hold a century's worth of memory — or simply the overflow of a well-lived-in life. Two assigned parking stalls for your vehicles. Come see the unique treasures of the Shopkeeper's home. This is a home for anyone who believes that character isn't manufactured — it's built, lived in, and passed on. (id:63159)

Values & Trends

This listing

$379/sqft

Building average

No other active listings in this building

View Royal average

$655/sqft

36 active listing(s)

Parking: 2 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

Nearest station: Esquimalt

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

11,575

(2021 Census)

+11.2% since 2016

Density: 807.7/km²

Dwellings: 5,175

Median household income: $98,000

After-tax: $86,000

Immigrant population: 18.4%

Top countries of origin (% of total population)

  • United Kingdom3.5% · 400
  • India2.5% · 290
  • Philippines1.3% · 145
  • United States of America1% · 120
  • China1% · 115
  • Germany0.6% · 65
  • Pakistan0.5% · 55
  • Hong Kong0.4% · 45

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

19

3/9 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
View Royal ElementaryElementary417 m
Shoreline Community Middle SchoolMiddle650 m
Craigflower ElementaryElementary1.1 km
Eagle View ElementaryElementary1.5 km
Ecole Marigold SchoolElementary2.4 km
Spectrum CommunitySecondary2.4 km
St Joseph's Catholic(Independent)Elementary2.6 km
Rockheights Middle SchoolElementary2.7 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 (1)

  • 4 Mile Restaurant · 199 Island Highway210 m

Parks (5+)

  • Glenairlie Park · 285 Glenairlie Drive429 m
  • Portage Park · 151 Island Highway459 m
  • Caton Lane Park · 21 Caton Place499 m
  • Seabird Park · 230 Seabird Place596 m
  • Heddle Park · 325 Island Highway744 m

Shopping (1)

  • Canadian Tire · 1519 Admirals Road790 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 7.7% ($84,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$879,920.00
Periodic payment — Principal & Interest (monthly)$5,676.95
Additional monthly expenses (strata, tax, utilities, etc.)$843.74
Total monthly cost$6,520.68
Interest paid over 5-yr term$252,187.60
Balance at end of term$791,490.89

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$84,990
Stress test qualifying rate8.09%
Payment you must qualify for$7,804.30

Cash Needed at Closing

Minimum down payment$84,990
Estimated BC PTT$19,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$106,488

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.

Request more information