540 View Royal Ave
View Royal, BC V9B1B7
$1,299,900
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 0.84 acres
- Zoning
- Residential
R1
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Strata / maintenance fee
- $0/mo
- Annual property tax
- $6,514.93
Interior
- Heating
- Oil, Wood
- Cooling / A/C
- None
- Fireplace
- Yes (1)
Exterior & Lot
- View
- Mountain view, Ocean view
Parking
- Total spaces
- 3
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Lower level | 3-Piece |
| Storage | Lower level | 9'6 |
| Laundry room | Lower level | 8'5 |
| Family room | Second level | 36'2 |
| Workshop | Main level | 10'6 |
| Bedroom | Main level | 12'0 x 10'0 |
| Bedroom | Main level | 12'4 |
| Bathroom | Main level | 4-Piece |
| Primary Bedroom | Main level | 12'4 |
| Entrance | Main level | 4'10 |
| Living room | Main level | 18'2 |
| Dining room | Main level | 10'4 |
| Kitchen | Main level | 13'1 |
Listing Information
- MLS®
- 1042951
- Listed
- July 10, 2026
- Time on market
- On the market for 52 days
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX Camosun · Data source: CREA DDF.
Description
Rare 0.84-acre OCEAN view property on the sought-after water side of View Royal Avenue. This three-level character home offers 2,029 sq ft finished, plus 1,062 sq ft of unfinished space, presenting an exceptional opportunity to renovate, restore or reimagine. The main floor retains its original charm with maple floors, a fireplace, bay window and spacious principal rooms. The upper level offers flexible space for a studio, office, family room or additional bedrooms. The full-height lower level features its own entrance and bathroom, offering future development potential. Outside, mature Garry oaks, natural rockscapes and several outbuildings create a private, park-like setting. Conveniently located close to parks, schools, Admirals Walk, Victoria General Hospital and downtown Victoria. Whether you renovate the existing character home or build your dream residence to capture the full ocean views, this rare large lot offers exceptional flexibility. (id:63159)
Values & Trends
This listing
$641/sqft
Building average
—
No other active listings in this building
View Royal average
$276,026/sqft
18 active listing(s)
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
11
1/9 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 |
|---|---|---|
| View Royal Elementary | Elementary | 793 m |
| Eagle View Elementary | Elementary | 1.2 km |
| Shoreline Community Middle School | Middle | 1.5 km |
| Craigflower Elementary | Elementary | 1.9 km |
| Crystal View Elementary | Elementary | 2.3 km |
| John Stubbs Elementary | Elementary | 2.5 km |
| John Stubbs Middle | Elementary | 2.5 km |
| Brookes Westshore(Independent) | Elementary | 2.6 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
Parks (5+)
- Newstead Park · 252 Heddle Avenue115 m
- Heddle Park · 325 Island Highway303 m
- Knollwood Park · 3 Pearce Place614 m
- Price Park · 61 Knollwood Road645 m
- Unnamed664 m
Nearby places data: © OpenStreetMap contributors.
School district: Victoria (SD61)
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Mortgage & Ownership Cost Calculator
Minimum required: 8.1% ($104,990) — 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.