James Bay, Victoria · MLS® 1048081
469 sq ft · House · Multi-family · 63 days on market
listed by Jilly Yang, DFH Real Estate Ltd.
10 SUITES, 2 Landmark Buildings, 1 Exceptional Victoria Investment! A truly unique chance to acquire a 10-suite portfolio in one of Victoria’s most desirable and walkable neighbourhoods, featuring 3 suites at the iconic Roberts House in James Bay and 7 suites at The Astoria on Fairfield Rd. All suites are fully rented, providing an immediate income-producing investment with an exceptional collection of locations and amenities. At Roberts House, Suites 1008, 1208 and this well-appointed studio offer generous living space, functional kitchens&captivating views toward the ocean, city&Park. Roberts House offers an impressive lifestyle package including indoor pool, sauna, fitness centre, library, workshop, community gardens, guest suites, secure underground parking, storage and an elegant social lounge with soaring ceilings, FP& kitchen. Ideally positioned just mins from Beacon Hill Park, Dallas Road, the Inner Harbour, Parliament Buildings and the Royal BC Museum, this is an investment opportunity that combines income, location and long-term lifestyle appeal. All 10 suites are to be sold together and in conjunction with the accompanying MLS listing 1048093. Request the information package for full details and ask about the exclusive incentive available to qualified buyers.
20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing.
Costs: mortgage $17,604 · tax $491 · insurance ~$175 · vacancy 3% · upkeep 5%.
Suite rent is today's market rent for a 1-bedroom in James Bay, Victoria: CMHC's average there ($1,621) raised by what new tenants pay against everyone in the Victoria area, then down 1% with Victoria's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
Catchment schools, Greater Victoria School District 61
200 m away · 508 Douglas St, Victoria · 250-382-5234
1.7 km away · 1280 Fort St, Victoria · 250-386-3591
2.2 km away · 1260 Grant St, Victoria · 250-388-5456
From the Greater Victoria School District 61's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.
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| year | assessed | est. tax |
|---|---|---|
| 2026 | $349,600 | $1,977 |
| 2025 | $355,200 | $1,848 |
Estimated tax up 7.0% from 2025 to 2026.
The listing shows $5,891 a year in property tax.
Estimate: the BC Assessment value times Victoria's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.
Development permit for a 6 storey building
110 m away · 2026 · under review · 350 & 360 Douglas Street
The City is reviewing a Delegated Development Permit application to construct a six storey, multiple dwelling residential building while retaining the two buildings. <br>Concurrent Delegated Heritage Alteration Permit No. 00344. <br><br>Under the site’s existing zoning, the application may be permitted; however, it requires staff review against city policy/guidelines and a decision of the Director
Rezoning for a 6 storey building
120 m away · 2025 · under review · 441-443 Government Street and 605-607 Michigan Street
The City is considering a Rezoning Application to increase the density to facilitate the development of an approximately six-storey multiple dwelling building. Concurrent with Development Permit with Variances DPV00292.
Applications filed with the city, active or decided in the last 3 years, measured from the listing's map pin. An application isn't an approval; the city's page has the current details. Source: City of Victoria development tracker.
Houses in Victoria, registered sales in the last 6 months (BC Assessment) against each home's last asking price on the MLS®. Sale prices register 1 to 3 months after a sale closes.
lot outline: 5,353 m² (57,619 sq ft) · PID 024-196-452. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.
Walkability 96/100 · Very walkable: most errands on foot
Within a 10 minute walk: 2 grocery stores, 23 places to eat or drink, 9 cafes, 13 parks and playgrounds, 1 school, 1 pharmacy, 33 transit stops.
mihom score from OpenStreetMap places, by straight line distance.