Property Type: Condo / ApartmentOwnership: Strata

503 888 Government St

Victoria, BC V8W0G5

$599,000

1 bed1 bath1 parking605 sqftBuilt 2021
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
605 square feet
Zoning
Residential

OTD-1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$504/mo
Annual property tax
$1,834.02

Interior

Heating
Forced air, Other
Cooling / A/C
Air Conditioned
Fireplace
None

Exterior & Lot

View
City view

Parking

Total spaces
1 — uncovered indicated
Features
Underground

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
Laundry roomMain level
BathroomMain level4-Piece
Primary BedroomMain level
Living roomMain level
KitchenMain level
EntranceMain level

Listing Information

MLS®
1042005
Listed
July 2, 2026
Time on market
On the market for 60 days
Data last synced
August 28, 2026

Listing provided by: eXp Realty · Data source: CREA DDF.

Description

The Customs House, Victoria’s most sought-after luxury condo. . An elegant 1-bedroom, 1-bathroom residence in one of perfectly positioned between the Inner Harbour and the vibrant Old Town district. This thoughtfully designed home features a bright, open-concept layout with floor-to-ceiling windows that flood the space with natural light and frame picturesque urban outlooks. The contemporary kitchen is both stylish and functional, showcasing premium integrated appliances, a gas cooktop, sleek cabinetry, stone countertops, and a generous waterfall island ideal for entertaining or casual dining. Warm wood flooring and refined finishes carry throughout the living space, creating a modern yet inviting atmosphere. The bedroom offers a calm retreat with ample closet space, while the spa-inspired bathroom is finished with clean lines and high-quality materials. In-suite laundry and efficient use of space add to the home’s everyday convenience. Residents of this well-managed building enjoy access to first-class amenities, including a fully equipped fitness centre, sauna, and steam room. Step outside your door and immerse yourself in the best of downtown living, with cafés, restaurants, boutique shopping, the Inner Harbour, and cultural landmarks all just moments away. Ideal for professionals, investors, or those seeking a refined urban lifestyle, this residence combines modern design, premium amenities, and an unbeatable location in the heart of Victoria. (id:63159)

Values & Trends

This listing

$990/sqft

Building average

No other active listings in this building

Downtown average

$764/sqft

152 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

81

8/9 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
Pacific School of Innovation and Inquiry(Independent)Secondary173 m
South Park Family SchoolElementary649 m
Christ Church Cathedral School(Independent)Elementary/Middle746 m
James Bay CommunityElementary1.1 km
Central Middle SchoolElementary1.6 km
George Jay ElementaryElementary1.7 km
Victoria HighElementary1.7 km
Sir James Douglas ElementaryElementary1.8 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+)

  • Kebab On Fire · 890 Government Street15 m
  • Pizza Garden · 898 Government Street22 m
  • Kinton Ramen · 813 Wharf Street25 m
  • Frankie's Modern Diner · 910 Government Street38 m
  • Tractor · 805 Government Street52 m

Cafes (5+)

  • Starbucks · 819 Wharf Street29 m
  • Milano · 817 Government Street44 m
  • Sounds Like Coffee · 915 Gordon Street132 m
  • Xing Fu Tang · 608 Broughton Street141 m
  • Macchiato Caffe · 1002 Broad Street178 m

Grocery (5+)

  • Bulk Barn · 706 Yates Street468 m
  • Mexican House of Spice · 1412 Douglas Street544 m
  • Red Barn Market · 325 Menzies Street746 m
  • Market on Yates · 903 Yates Street767 m
  • Zero Waste Emporium · 1728 Douglas Street795 m

Parks (5+)

  • Ship's Point Park76 m
  • Fort Victoria National Historic Site of Canada177 m
  • Fort Victoria183 m
  • Confederation Plaza · 600 Menzies Street381 m
  • Penwell Green391 m

Shopping (5+)

  • Sabayons · 1101 Government Street236 m
  • The Bay Centre · 1150 Douglas Street259 m
  • The Bay Centre259 m
  • Winners · 1150 Douglas Street318 m
  • Camöflage502 m

Gyms (5+)

  • Unnamed165 m
  • Gracie Barra Brazilian Jiu-Jitsu · 736 Broughton Street350 m
  • West Coast Jiu-Jitsu378 m
  • Lagree West399 m
  • Kadampa Meditation Centre · 970 Blanshard Street414 m

Pharmacies (4)

  • Rexall · 912 Douglas Street198 m
  • I.D.A. Cridge Family · 641 Fort Street205 m
  • Shoppers Drug Mart · 1212 Douglas Street364 m
  • View Street Pharmacy · 867 View Street652 m

Banks & ATMs (5+)

  • Unnamed61 m
  • National Bank · 880 Douglas Street196 m
  • Unnamed243 m
  • TD · 1080 Douglas Street254 m
  • Island Savings · 933 Douglas Street256 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 5.8% ($34,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$479,200.00
Periodic payment — Principal & Interest (monthly)$3,091.64
Additional monthly expenses (strata, tax, utilities, etc.)$686.84
Total monthly cost$3,778.47
Interest paid over 5-yr term$137,340.10
Balance at end of term$431,041.95

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$34,900
Stress test qualifying rate8.09%
Payment you must qualify for$4,337.73

Cash Needed at Closing

Minimum down payment$34,900
Estimated BC PTT$9,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$46,380

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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