Property Type: Condo / ApartmentOwnership: Leasehold / Strata

510 647 Michigan St

Victoria, BC V8V1S9

$324,900

2 bed2 bath1 parking905 sqftBuilt 1970
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
905 square feet
Zoning
Multi-Family

Ownership & Fees

Property type
Condo / Apartment
Ownership
Leasehold / Strata
Strata / maintenance fee
$1,095/mo
Annual property tax
$282,453.66

Interior

Heating
Natural gas, Hot Water
Cooling / A/C
None
Fireplace
None

Exterior & Lot

View
City view, Mountain view

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
Not allowed

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

Room Dimensions

RoomLevelDimensions
BathroomMain level2-Piece
BathroomMain level4-Piece
BedroomMain level9' x 13'
Primary BedroomMain level10' x 14'
KitchenMain level6' x 8'
Dining roomMain level8' x 8'
Living roomMain level18' x 12'
BalconyMain level5' x 14'
EntranceMain level5' x 8'

Listing Information

MLS®
1043005
Listed
July 11, 2026
Time on market
On the market for 52 days
Data last synced
August 28, 2026

Listing provided by: Sotheby's International Realty Canada · Data source: CREA DDF.

Description

Enjoy spectacular southwest sunset views from this bright fifth-floor corner suite in the sought-after Orchard House, a well-maintained concrete and steel building in the heart of James Bay. This beautifully updated 2-bedroom, 2-bathroom home features an upgraded kitchen, renovated bathrooms, and a spacious layout filled with natural light. Located on a quiet street in the heart of James Bay, you're just steps to Beacon Hill Park, Dallas Road, the Inner Harbour, downtown Victoria, restaurants, cafés, and shopping. Rentals permitted (6+ months with approval), no age restrictions, and no Speculation or Vacancy Tax. Residents enjoy a heated outdoor pool, hot tub, sauna, workshop, bike storage, common laundry, and an on-site property manager. Includes one secure underground parking stall and storage locker. Monthly fees include property taxes, heat, and hot water. Leasehold to Dec. 31, 2073 offers exceptional value in one of Victoria's most desirable neighbourhoods. (id:63159)

Values & Trends

This listing

$359/sqft

Building average

$354/sqft

9 active listing(s)

James Bay average

$703/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

16°C

Mainly Clear

Humidity 73%

Wind S 6 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

56

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
South Park Family SchoolElementary154 m
Pacific School of Innovation and Inquiry(Independent)Secondary675 m
James Bay CommunityElementary873 m
Christ Church Cathedral School(Independent)Elementary/Middle890 m
Sir James Douglas ElementaryElementary1.5 km
Central Middle SchoolElementary1.7 km
Victoria HighElementary2.1 km
George Jay ElementaryElementary2.2 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+)

  • Murder Burger · 332 Menzies Street378 m
  • The Bop384 m
  • Levantine405 m
  • The Old Spaghetti Factory · 703 Douglas Street419 m
  • Real Thai Restaurant · 211 Menzies Street435 m

Cafes (5+)

  • Colonial Cafe194 m
  • Good Earth Coffeehouse · 535 Superior Street231 m
  • Discovery Coffee · 277 Menzies Street363 m
  • Capital City Café458 m
  • Piggy & Paisley · 143 Menzies Street496 m

Grocery (2)

  • Red Barn Market · 325 Menzies Street354 m
  • Thrifty Foods James Bay · 475 Simcoe Street548 m

Parks (5+)

  • South Park105 m
  • Avalon Green · 601 Avalon Road194 m
  • Thunderbird Park · 638 Douglas Street339 m
  • St. Ann's Academy National Historic Site · 835 Humboldt Street430 m
  • Cridge Park · 720 Belleville Street441 m

Gyms (3)

  • Fitness Center · 525 Superior Street262 m
  • Unnamed601 m
  • Kadampa Meditation Centre · 970 Blanshard Street789 m

Pharmacies (2)

  • James Bay Pharmasave · 230 Menzies Street489 m
  • Rexall · 912 Douglas Street748 m

Banks & ATMs (5+)

  • Unnamed509 m
  • Unnamed · 475 Simcoe Street539 m
  • Unnamed664 m
  • National Bank · 880 Douglas Street715 m
  • Island Savings · 933 Douglas Street777 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($16,245) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$259,920.00
Periodic payment — Principal & Interest (monthly)$1,676.92
Additional monthly expenses (strata, tax, utilities, etc.)$24,677.91
Total monthly cost$26,354.83
Interest paid over 5-yr term$74,493.82
Balance at end of term$233,798.88

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$16,245
Stress test qualifying rate8.09%
Payment you must qualify for$2,373.45

Cash Needed at Closing

Minimum down payment$16,245
Estimated BC PTT$4,498
Legal / closing costs (typical estimate)$1,500
Total cash needed$22,243

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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