Property Type: Condo / ApartmentOwnership: Leasehold / Strata

907 647 Michigan St

Victoria, BC V8V1S9

$149,000

0 bed1 bath1 parking409 sqftBuilt 1969
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Property Details

Property & Lot

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

Ownership & Fees

Property type
Condo / Apartment
Ownership
Leasehold / Strata
Strata / maintenance fee
$556/mo
Annual property tax
$282,453.66

Interior

Heating
Baseboard heaters, Hot Water
Cooling / A/C
None
Fireplace
None

Exterior & Lot

View
City view, Ocean view

Parking

Total spaces
1

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 level4-Piece
KitchenMain level6' x 7'
Dining roomMain level12' x 12'
Living roomMain level13' x 12'
BalconyMain level14' x 5'
EntranceMain level3' x 10'

Listing Information

MLS®
1037330
Listed
May 20, 2026
Time on market
On the market for 103 days
Data last synced
August 28, 2026

Listing provided by: Engel & Volkers Vancouver Island · Data source: CREA DDF.

Description

Few entry points into Victoria's real estate market offer more affordability and certainty than 647 Michigan, The Orchard House. A compelling price point and cost-controlled ownership with a reliable leasehold ownership extending to 2073 — delivering nearly five decades of secure tenure at a fraction of the freehold market. Leaseholds offer lower closing costs and more predictable carrying costs, appealing to both investors and discerning downsizers seeking simplicity without compromise. Secure UG Parking, Fresh Paint, Tub Surround, Tile Backsplash, Counters, Plugs & Switches round out this incredible offering. With steel & Concrete construction and steps from downtown Victoria's dining, transit, and waterfront, this opportunity demands attention from landlords and buyers alike. The seasonal outdoor pool, Sauna & hot tub, Bike Storage, Storage locker, plenty of green space, and the views add a premium that the price doesn't reflect. Fees include Prop Tax, Heat, Hot-water and management (id:63159)

Values & Trends

This listing

$364/sqft

Building average

$353/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

52

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 SchoolElementary134 m
Pacific School of Innovation and Inquiry(Independent)Secondary662 m
Christ Church Cathedral School(Independent)Elementary/Middle870 m
James Bay CommunityElementary889 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 Street390 m
  • The Bop402 m
  • The Old Spaghetti Factory · 703 Douglas Street404 m
  • Levantine424 m
  • Real Thai Restaurant · 211 Menzies Street454 m

Cafes (5+)

  • Colonial Cafe213 m
  • Good Earth Coffeehouse · 535 Superior Street243 m
  • Discovery Coffee · 277 Menzies Street380 m
  • Capital City Café443 m
  • Piggy & Paisley · 143 Menzies Street516 m

Grocery (2)

  • Red Barn Market · 325 Menzies Street370 m
  • Thrifty Foods James Bay · 475 Simcoe Street567 m

Parks (5+)

  • South Park93 m
  • Avalon Green · 601 Avalon Road212 m
  • Thunderbird Park · 638 Douglas Street324 m
  • St. Ann's Academy National Historic Site · 835 Humboldt Street410 m
  • Cridge Park · 720 Belleville Street423 m

Gyms (4)

  • Fitness Center · 525 Superior Street274 m
  • Unnamed589 m
  • Kadampa Meditation Centre · 970 Blanshard Street771 m
  • West Coast Jiu-Jitsu790 m

Pharmacies (2)

  • James Bay Pharmasave · 230 Menzies Street508 m
  • Rexall · 912 Douglas Street734 m

Banks & ATMs (5+)

  • Unnamed497 m
  • Unnamed · 475 Simcoe Street559 m
  • Unnamed655 m
  • National Bank · 880 Douglas Street701 m
  • Island Savings · 933 Douglas Street762 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($7,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$119,200.00
Periodic payment — Principal & Interest (monthly)$769.04
Additional monthly expenses (strata, tax, utilities, etc.)$24,113.80
Total monthly cost$24,882.84
Interest paid over 5-yr term$34,163.06
Balance at end of term$107,220.79

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$7,450
Stress test qualifying rate8.09%
Payment you must qualify for$1,088.47

Cash Needed at Closing

Minimum down payment$7,450
Estimated BC PTT$1,490
Legal / closing costs (typical estimate)$1,500
Total cash needed$10,440

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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