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207 405 Quebec St
homes for sale · Victoria · James Bay
207 405 Quebec St — photo 1 of 40
1 / 40
$739,000

207 405 Quebec St

James Bay, Victoria · MLS® 1052438

221

1,082 sq ft · Condo · Single Family · built 1994 · 2 days on market

listed by Rosemarie Colterman, Royal LePage Coast Capital - Oak Bay

realtor's description

Enjoy the best of James Bay from this phenomenal, walkable location! Stroll to the Inner Harbour, Fisherman’s Wharf, Beacon Hill Park, Dallas Road’s oceanfront paths and downtown Victoria’s shops and restaurants. Tucked away on a quiet street, this bright 2-bed, 2-bath Polo Pacific suite is offered for the first time since 1996. Lovingly maintained by its original owner, this inviting home combines comfortable living with James Bay’s unmistakable seaside charm.Start your day with morning coffee on the east-facing balcony, where sunshine pours in over peaceful, private green space. The appealing layout features a spacious living room with gas fireplace, crown molding throughout, a formal dining room and a sunny breakfast nook with a bay window off the kitchen. Updates over the years include kitchen and bathroom renovations, a newer Bosch dishwasher, Ruffell & Brown blinds and thermostats replaced in 2024.The primary bedroom offers a walk-in closet and 3-piece ensuite. A bright second bedroom with a bay window sits across the hall from the main bathroom, featuring an updated deep soaker tub. A separate laundry room off the main bathroom includes a stacking washer and dryer plus an apartment-size freezer. Secure underground parking and a separate storage locker add everyday convenience. Enjoy landscaped grounds, a meeting room and two guest suites for visiting friends and family. Strata fees include gas and hot water. With no age restrictions, rentals permitted and one dog or cat welcome—with no weight restriction for dogs—Polo Pacific offers flexibility for homeowners and investors alike.Just a block from the Parliament Buildings and close to Ogden Point, groceries, cafés and endless waterfront walks, this is an exceptional opportunity to embrace Victoria’s vibrant seaside lifestyle!

similar homes nearby

all units at 405 Quebec St →

property details

type
Condo, Single Family
bedrooms
2
bathrooms
2
living area
1,082 sq ft
parking
1
year built
1994
property tax
$4,075 / yr
strata fee
$730 / mo ($0.67 / sq ft)
strata rules
Pets Allowed With Restrictions
days on market
2
MLS®
1052438

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

features

  • Central location
  • Curb & gutter
  • Corner Site
  • Other
  • Family Oriented
  • Pets Allowed With Restrictions

monthly cost

$4,322/mo
Mortgage $3,252 · Tax $340 · Strata $730

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

estimated payment
$3,252/ monthly
loan $591,200
25-year amortization
total interest
$384,532
property transfer tax
$12,780
BC general rate
cash to close
$160,580
down + PTT
total paid
$975,732
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
$2,420/mo
after all costs
−$2,131/mo
cap rate
1.8%
yearly net rent ÷ price

Costs: mortgage $3,252 · tax $340 · strata $730 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in James Bay, Victoria: CMHC's average there ($2,063) 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 South Park Elementaryhomes in this catchment

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

  • Middle Central Middlehomes in this catchment

    2.0 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
Rosemarie Colterman
Royal LePage Coast Capital - Oak Bay
call Rosemarie · 250-858-6064
Powered by: REALTOR.ca

location

James Bay, VictoriaGoogle Maps ↗

property tax by year

yearassessedest. tax
2026$718,100$4,062
2025$689,400$3,587

Estimated tax up 13.2% from 2025 to 2026.

The listing shows $4,075 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

    130 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

    280 m away · 2021 · under review · 205 Quebec Street, 507 Montreal Street, and 210-224 Kingston Street

    The City is considering a Rezoning application to a site-specific zone for a new development which includes commercial and residential uses. Concurrent with DPV00191.

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 349 condos for sale; this one 2 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.

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
118 530 Michigan St, Victoria
Condo
$569,900
118 530 Michigan St
James Bay, Victoria3 days on market
listed by Coldwell Banker Oceanside Real Estate
11
414 21 Dallas Rd, Victoria
Condo
$599,900
12% under assessed
414 21 Dallas Rd
James Bay, Victoria7 days on market
listed by Royal LePage Coast Capital - Chatterton
11
403 300 Michigan St, Victoria
Condo
$829,000
403 300 Michigan St
James Bay, Victoria8 days on market
listed by The Agency
22
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
527 sq ft
MLS® 1052658
1
879 sq ft
MLS® 1052925
1
1,027 sq ft
MLS® 1052891
1
1,489 sq ft
MLS® 1046847

location

the building's lot: 6,511 m² (70,084 sq ft) · PID 023-185-775. 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
95

Walkability 95/100 · Very walkable: most errands on foot

Within a 10 minute walk: 2 grocery stores, 50 places to eat or drink, 12 cafes, 15 parks and playgrounds, 3 schools, 1 pharmacy, 31 transit stops.

mihom score from OpenStreetMap places, by straight line distance.