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118 530 Michigan St
homes for sale · Victoria · James Bay
118 530 Michigan St — photo 1 of 28
1 / 28
$569,900

118 530 Michigan St

James Bay, Victoria · MLS® 1052658

11

527 sq ft · Condo · Single Family · built 2021 · 3 days on market

listed by Lucy Pheiffer, Coldwell Banker Oceanside Real Estate

realtor's description

A HIDDEN GEM IN JAMES BAY - DISTINCTIVE, PRIVATE & EXCEPTIONALLY PRICED! Your own quiet retreat, steps from everything Victoria has to offer! Tucked into a private back corner of the sought-after Capital Park Residences by Jawl & Concert Properties, this stylish steel-and-concrete condo offers a peaceful setting in an unbeatable location. Enjoy a private, courtyard-facing patio, separated from the walkway by a charming moat for added seclusion. The cleverly designed angular floor plan, sleek kitchen & open-concept living make the most of every square foot, offering character beyond the ordinary. On a quiet, tree-lined street, you’re moments from downtown, the Inner Harbor, Beacon Hill Park, cafés, restaurants, shopping & Red Barn Market. In suite laundry & storage locker, Pet-friendly, & access to a residents fitness studio & bike storage -this has it all. Distinctive in design. Private by nature. Unbeatable in location. Priced to make you look twice! Fantastic walking location!

property details

type
Condo, Single Family

similar homes nearby

all units at Capital Park →
bedrooms
1
bathrooms
1
living area
527 sq ft
parking
0
year built
2021
property tax
$3,437 / yr
strata fee
$386 / mo ($0.73 / sq ft)
strata rules
Pets Allowed With Restrictions
days on market
3
MLS®
1052658

features

  • Central location
  • Other
  • Family Oriented
  • Pets Allowed With Restrictions
  • Washer
  • Refrigerator

monthly cost

$3,181/mo
Mortgage $2,508 · Tax $286 · Strata $386

20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment
$2,508/ monthly
loan $455,920
25-year amortization
total interest
$296,543
property transfer tax
$9,398
BC general rate
cash to close
$123,378
down + PTT
total paid
$752,463
transfer tax

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

rent
$1,890/mo
after all costs
−$1,477/mo
cap rate
2.2%
yearly net rent ÷ price

Costs: mortgage $2,508 · tax $286 · strata $386 · insurance ~$35 · vacancy 3% · upkeep 5%.

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.

BC rules for landlords
  • Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
  • Rent increases are capped once a year at the province's set amount. gov.bc.ca
  • The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
  • Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca

schools

Catchment schools, Greater Victoria School District 61

  • Elementary South Park Elementaryhomes in this catchment

    400 m away · 508 Douglas St, Victoria · 250-382-5234

  • Middle Central Middlehomes in this catchment

    1.9 km away · 1280 Fort St, Victoria · 250-386-3591

  • Secondary Victoria Highhomes in this catchment

    2.3 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.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
Lucy Pheiffer
Coldwell Banker Oceanside Real Estate
call Lucy · 250-589-2999
Powered by: REALTOR.ca
▶ virtual tour

location

James Bay, VictoriaGoogle Maps ↗

property tax by year

yearassessedest. tax
2026$607,000$3,433
2025$576,800$3,001

Estimated tax up 14.4% from 2025 to 2026.

The listing shows $3,437 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 nearby

  • Rezoning for a 7 storey building

    260 m away · 2023 · under review · 475 Kingston Street

    The City is considering a Rezoning Application to add multiple dwelling residential uses to facilitate the development of an approximately seven-storey, multiple dwelling building. Concurrent with DP000625.

  • Rezoning for a 6 storey building

    240 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.

204 420 Parry St, Victoria
Condo
$545,000
34% less per sq ft
204 420 Parry St
James Bay, Victoria49 days on market
listed by Royal LePage Coast Capital - Chatterton
2211,122 sq ft
MLS® 1049472
710 620 Toronto St, Victoria
Condo
$579,000
710 620 Toronto St
James Bay, Victoria84 days on market
listed by Macdonald Realty Victoria
21
C 3 1 Dallas Rd, Victoria
House
$460,000
C 3 1 Dallas Rd
James Bay, Victoria196 days on market
listed by Coldwell Banker Oceanside Real Estate
11
207 405 Quebec St, Victoria
Condo
$739,000
207 405 Quebec St
James Bay, Victoria2 days on market
listed by Royal LePage Coast Capital - Oak Bay
22
414 21 Dallas Rd, Victoria
Condo
$599,900
12% under assessed
414 21 Dallas Rd
James Bay, Victoria8 days on market
listed by Royal LePage Coast Capital - Chatterton
11
111 Michigan St, Victoria
Townhouse
$699,000
31% less per sq ft
111 Michigan St
James Bay, Victoria77 days on market
listed by Newport Realty Ltd.
22
1
789 sq ft
MLS® 1046354
1
517 sq ft
MLS® 1032017
1
1,082 sq ft
MLS® 1052438
1
879 sq ft
MLS® 1052925
1
1,489 sq ft
MLS® 1046847

the market here

sold vs last asking
-3.1%
median, 72 condos sold
listed now
43 days
median for 348 condos for sale; this one 3 days

Condos 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.

location

the building's lot: 5,678 m² (61,117 sq ft) · PID 031-472-851. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

James Bay, VictoriaGoogle Maps ↗
Drive times
  • Downtown Victoria3 min
  • Heritage Community College3 min
  • Sir James Douglas Elementary6 min
  • Victoria High8 min
  • Royal Jubilee Hospital10 min
  • YYJ airport33 min

good to know

  • Heritage

    This address is inside the Legislative Precinct heritage conservation area (Victoria). Exterior changes can need a heritage permit, and some heritage homes qualify for grants or incentives; the municipality can confirm.

    Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

98

Walkability 98/100 · Very walkable: most errands on foot

Within a 10 minute walk: 2 grocery stores, 25 places to eat or drink, 9 cafes, 14 parks and playgrounds, 2 schools, 1 pharmacy, 36 transit stops.

mihom score from OpenStreetMap places, by straight line distance.