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
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!
20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
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.
Catchment schools, Greater Victoria School District 61
700 m away · 508 Douglas St, Victoria · 250-382-5234
2.0 km away · 1280 Fort St, Victoria · 250-386-3591
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.
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| year | assessed | est. 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.
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.
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.
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.
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.
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.