201 1061 Fort St

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$248,000

201 1061 Fort St

Downtown, Victoria · MLS® 1051145

all units at 1061 Fort St →

351 sq ft · Condo · Single Family · built 2000 · 16 days on market

listed by Blair Veenstra, RE/MAX Camosun

realtor's description

WALK & BIKE TO EVERYTHING IN DOWNTOWN VICTORIA! One of the most affordable freehold condos currently offered in the city! This bright studio at the landmark Mosaic is ideally located on Antique Row, just steps from shops, cafes, restaurants, entertainment, and the scenic Inner Harbour, with Cook Street Village also nearby. Tucked away on the QUIET side of the building with desirable southern exposure, the suite features floor-to-ceiling windows, a gas fireplace, mezzanine-style kitchen, storage, and in-suite laundry. Offering flexible possession, this is an excellent opportunity for a first-time buyer, pied-à-terre, or investment property in the heart of the city. Freshly painted, take a look!

property details

type: Condo, Single Family
bathrooms: 1
living area: 351 sq ft
parking: 0
year built: 2000
property tax: $1,290 / yr
strata fee: $260 / mo ($0.74 / sq ft)
strata rules: Pets Allowed
days on market: 16
MLS®: 1051145

buying in a building from 1982 to 2000: what to read first

features

Central location
Other
Family Oriented
Pets Allowed
Washer
Refrigerator

floor plans

found among the listing photos.

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 16 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.

property tax by year

year	assessed	est. tax
2026	$227,600	$1,287
2025	$208,800	$1,086

Estimated tax up 18.5% from 2025 to 2026.

The listing shows $1,290 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.

monthly cost

$1,459/mo

Mortgage $1,091 · Tax $107 · Strata $260

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

estimated payment

$1,091/ monthly

loan $198,400

25-year amortization

down payment20% · $49,60020%+ down: no mortgage insuranceinterest rate4.44%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 30, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $129,045
property transfer tax: $2,960; BC general rate
cash to close: $52,560; down + PTT
total paid: $327,445

first-time buyernewly builtforeign national

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: $1,440/mo
after all costs: −$169/mo
cap rate: 4.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,091 · tax $107 · strata $260 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a studio in Fort St., Victoria: CMHC's average there ($1,195) raised by what new tenants pay against everyone in the Victoria area, then down 1.5% 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

location

the building's lot: 1,272 m² (13,692 sq ft) · PID 024-699-331. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Downtown, VictoriaGoogle Maps ↗

schools

Catchment schools, Greater Victoria School District 61

Elementary South Park Elementaryhomes in this catchment
1.0 km away · 508 Douglas St, Victoria · 250-382-5234
Middle Central Middlehomes in this catchment
600 m away · 1280 Fort St, Victoria · 250-386-3591
Secondary Victoria Highhomes in this catchment
900 m 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.

good to know

Heritage
This address is inside the Corridors Heritage 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.

development nearby

Development permit for 329 homes
360 m away · 2025 · under review · 829-899 Fort Street & 846-856 Broughton Street
The City is considering a Development Permit with Variance application for a mixed-use development of 329 new dwelling units and includes private and public amenities. CONCURRENT WITH REZ00901# APPLICATION. REFER TO REZONING FILE FOR APPLICATION MATERIALS.
Rezoning for a 18 storey building
300 m away · 2024 · under review · 900 & 912 Vancouver Street, 911 Quadra Street, and 930 & 990 Burdett Avenue
The City is considering a rezoning application to increase density and building heights, and to add residential and commercial uses to permit a future mixed-use development with buildings ranging in height from four to eighteen storeys.
Rezoning
190 m away · 2023 · under review · 1114 Rockland Avenue
The City is considering a Rezoning application to allow for a hotel.
Rezoning
390 m away · 2026 · on hold · 731 Vancouver Street
Change of use at 731 Vancouver St, a heritage home built in 1892, from a Bed and Breakfast use (3 rooms of transient accommodation with breakfast) to Neighbourhood Hotel use, (4 rooms of transient accommodation, no breakfast). There are no renovations for this zoning change. The City is considering a Rezoning application to

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.

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