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Pemberton Holmes Ltd.

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

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Listing data via CREA's DDF®. about · terms of use · privacy · © 2026 mihom.

204 1501 Richmond Ave
homes for sale · Victoria · Jubilee
204 1501 Richmond Ave — photo 1 of 27
1 / 27
$624,900

204 1501 Richmond Ave

Jubilee, Victoria · MLS® 1052252

221

965 sq ft · Condo · Single Family · built 1993 · 15 days on market

listed by Matthew Traynor, Coldwell Banker Oceanside Real Estate

realtor's description

Ideally situated at the sought-after corner of Oak Bay & Richmond Avenues! Enjoy easy walks to excellent shopping, Oak Bay Rec Centre, Oak Bay Village, Red Barn Market & Jubilee Hospital, with convenient bus routes to downtown, UVic, Camosun & Hillside Mall. This spacious, fully updated 2 bdrm/1.5 bath corner unit offers effortless move-in-ready living. Thoughtfully refreshed throughout with new flooring, fresh paint, baseboards, window coverings & closet organizers. The updated kitchen & bathrooms feature new countertops & tiling, while a new electric fireplace adds warmth and ambiance (easily converted back to gas). New HWT in 2021, in-suite laundry & a peaceful setting on the quiet side of the building overlooking the gardens. Enjoy secured underground parking, secure storage locker, rentals permitted, small dogs & cats welcome, and propane barbecues allowed. A fantastic opportunity to enjoy comfort, convenience & carefree living in a prime location!

listed by
Matthew Traynor
Coldwell Banker Oceanside Real Estate
call Matthew · 250-618-2820
Powered by: REALTOR.ca
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similar homes nearby

property details

type
Condo, Single Family
bedrooms
2
bathrooms
2
living area
965 sq ft
parking
1
year built
1993
property tax
$3,067 / yr
strata fee
$517 / mo ($0.54 / sq ft)
strata rules
Pets Allowed With Restrictions
days on market
15
MLS®
1052252

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

features

  • Family Oriented
  • Pets Allowed With Restrictions
  • Washer
  • Refrigerator
  • Dryer

monthly cost

$3,523/mo
Mortgage $2,750 · Tax $256 · Strata $517

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

estimated payment
$2,750/ monthly
loan $499,920
25-year amortization
total interest
$325,161
property transfer tax
$10,498
BC general rate
cash to close
$135,478
down + PTT
total paid
$825,081
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
−$1,092/mo
cap rate
3.2%
yearly net rent ÷ price

Costs: mortgage $2,750 · tax $256 · strata $517 · 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 Margaret Jenkins Elementaryhomes in this catchment

    1.2 km away · 1824 Fairfield Rd, Victoria · 250-598-5191

  • Middle Monterey Middlehomes in this catchment

    1.5 km away · 851 Monterey Ave, Victoria · 250-598-4589

  • Secondary Oak Bay Highhomes in this catchment

    1.1 km away · 2121 Cadboro Bay Rd, Victoria · 250-598-3361

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

Jubilee, VictoriaGoogle Maps ↗

property tax by year

yearassessedest. tax
2026$541,400$3,062
2025$551,000$2,867

Estimated tax up 6.8% from 2025 to 2026.

The listing shows $3,067 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 3 storey building

    320 m away · 2026 · under review · 1076 Davie Street

    The City is reviewing a Delegated Development Permit application to construct a 3-storey, 7-unit 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 community informed.

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 15 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.

4 1721 Adanac St, Victoria
Condo
$499,900
4 1721 Adanac St
Jubilee, Victoria28 days on market
listed by Real Broker B.C. Ltd.
11610 sq ft
MLS® 1051177
3 1721 Adanac St, Victoria
Condo
$549,900
3 1721 Adanac St
Jubilee, Victoria28 days on market
listed by Real Broker B.C. Ltd.
11
203 1710 Fort St, Victoria
Condo
$524,900
203 1710 Fort St
Jubilee, Victoria1 day on market
listed by Oakwyn Realty Ltd.
22
213 1745 Leighton Rd, Victoria
Condo
$439,500
213 1745 Leighton Rd
Jubilee, Victoria1 day on market
listed by RE/MAX Camosun
22
210 1916 Oak Bay Ave, Victoria
Condo
$649,000
210 1916 Oak Bay Ave
Jubilee, Victoria3 days on market
listed by Newport Realty Ltd.
11
D 2235 Shelbourne St, Victoria
Townhouse
$599,000
D 2235 Shelbourne St
Jubilee, Victoria43 days on market
listed by Pemberton Holmes Ltd.
21
670 sq ft
MLS® 1051164
1
897 sq ft
MLS® 1053172
1
933 sq ft
MLS® 1053320
1
568 sq ft
MLS® 1053134
864 sq ft
MLS® 1050006

location

the building's lot: 1,087 m² (11,700 sq ft) · PID 030-235-740. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Jubilee, VictoriaGoogle Maps ↗
Drive times
  • Royal Jubilee Hospital3 min
  • École Élémentaire Margaret Jenkins Elementary3 min
  • Oak Bay High4 min
  • Heritage Community College6 min
  • Downtown Victoria7 min
  • YYJ airport34 min
91

Walkability 91/100 · Very walkable: most errands on foot

Within a 10 minute walk: 1 grocery store, 16 places to eat or drink, 4 cafes, 22 parks and playgrounds, 1 school, 3 pharmacies, 30 transit stops.

mihom score from OpenStreetMap places, by straight line distance.