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Pemberton Holmes Ltd.

mihom.ca is operated by Dan Robbins, REALTOR®, Pemberton Holmes Ltd.

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201 1215 Bay St
homes for sale · Victoria · Fernwood
201 1215 Bay St — photo 1 of 25
1 / 25
$369,000

201 1215 Bay St

Fernwood, Victoria · MLS® 1052462

211

926 sq ft · Condo · Single Family · built 1974 · 13 days on market

listed by Neil Bosdet, Royal LePage Coast Capital - Oak Bay

realtor's description

Enjoy the best of Fernwood living in this bright & spacious 2bed, 1bth corner suite, just a short stroll from neighbourhood parks and the shops, cafés & character of Fernwood Village. An abundance of windows fills the home with natural light, while wide-plank laminate flooring and a comfortable open layout create an inviting living space. Freshly painted throughout with updated light fixtures, the suite feels clean, bright & move-in ready. The generous primary bedroom features a walk-in closet, with plenty of additional in-suite storage. Step outside to the large private deck—an ideal spot for morning coffee, entertaining or simply relaxing outdoors. Conveniently located on the same floor as the common laundry. While there is no elevator, the suite is just one easy flight of stairs up, with no unit below for added privacy & quiet. A proactive strata helps keep the property well maintained, and the building is family & pet friendly, welcoming both dogs & cats with no size restrictions. A terrific opportunity to enjoy a spacious home in one of Victoria's most vibrant & walkable neighbourhoods.

property details

type
Condo, Single Family
bedrooms
2
bathrooms
1
living area
926 sq ft
parking
1
year built
1974
property tax
$2,491 / yr
strata fee
$522 / mo ($0.56 / sq ft)
strata rules
Pets Allowed
days on market
13
MLS®
1052462

features

listed by
Neil Bosdet
Royal LePage Coast Capital - Oak Bay
call Neil · 250-580-6780
Powered by: REALTOR.ca
▶ virtual tour

similar homes nearby

  • Irregular lot size
  • Family Oriented
  • Pets Allowed
  • Refrigerator
  • Range - Electric
  • Dishwasher

monthly cost

$2,353/mo
Mortgage $1,624 · Tax $208 · Strata $522

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

estimated payment
$1,624/ monthly
loan $295,200
25-year amortization
total interest
$192,006
property transfer tax
$5,380
BC general rate
cash to close
$79,180
down + PTT
total paid
$487,206
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
$2,680/mo
after all costs
$77/mo
cap rate
5.5%
yearly net rent ÷ price

Costs: mortgage $1,624 · tax $208 · strata $522 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Victoria: CMHC's average there ($2,284) raised by what new tenants pay against everyone in the Victoria area, then down 1.9% 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 George Jay Elementaryhomes in this catchment

    200 m away · 1118 Princess Ave, Victoria · 250-385-3381

  • Middle Central Middlehomes in this catchment

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

  • Secondary Victoria Highhomes in this catchment

    500 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.

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

location

Fernwood, VictoriaGoogle Maps ↗

property tax by year

yearassessedest. tax
2026$438,800$2,482
2025$446,300$2,322

Estimated tax up 6.9% from 2025 to 2026.

The listing shows $2,491 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

  • Development permit for a 5 storey building

    270 m away · 2025 · under review · 2525, 2529, 2533 Cook Street and 2522 Empire Street

    The City is reviewing a Delegated Development Permit application to construct a five storey multiple dwelling building with underground parking and a townhouse complex. <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 of Planning. This information is being shared to keep the c

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.

the market here

sold vs last asking
-3.1%
median, 72 condos sold
listed now
43 days
median for 345 condos for sale; this one 13 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.

408 1655 Begbie St, Victoria
Condo
$449,900
408 1655 Begbie St
Fernwood, Victoria15 days on market
listed by RE/MAX Camosun
211948 sq ft
MLS® 1052157
312 1545 Pandora Ave, Victoria
Condo
$399,800
45% less per sq ft
312 1545 Pandora Ave
Fernwood, Victoria20 days on market
listed by RE/MAX Camosun
22
306 1545 Pandora Ave, Victoria
Condo
$399,500
306 1545 Pandora Ave
Fernwood, Victoria30 days on market
listed by Oakwyn Realty Ltd.
11
206 1545 Pandora Ave, Victoria
Condo
$439,900
206 1545 Pandora Ave
Fernwood, Victoria42 days on market
listed by RE/MAX Camosun
11
202 1419 Stadacona Ave, Victoria
Condo
$409,000
202 1419 Stadacona Ave
Fernwood, Victoria51 days on market
listed by Royal LePage Coast Capital - Oak Bay
11
207 1419 Stadacona Ave, Victoria
Condo
$449,000
207 1419 Stadacona Ave
Fernwood, Victoria70 days on market
listed by Royal LePage Coast Capital - Chatterton
11
1
995 sq ft
MLS® 1052006
1
950 sq ft
MLS® 1051111
1
883 sq ft
MLS® 1049363
1
830 sq ft
MLS® 1049019
1
810 sq ft
MLS® 1046697

location

the building's lot: 1,334 m² (14,359 sq ft) · PID 000-319-643. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Fernwood, VictoriaGoogle Maps ↗
Drive times
  • École George Jay Elementary2 min
  • Victoria High3 min
  • Royal Jubilee Hospital6 min
  • Heritage Community College6 min
  • Downtown Victoria7 min
  • YYJ airport30 min
81

Walkability 81/100 · Very walkable: most errands on foot

Within a 10 minute walk: 1 grocery store, 5 places to eat or drink, 4 cafes, 23 parks and playgrounds, 2 schools, 20 transit stops.

mihom score from OpenStreetMap places, by straight line distance.