Fernwood, Victoria · MLS® 1051853
221
1,035 sq ft · Condo · Single Family · built 1982 · 20 days on market
listed by Aly Remtulla, RE/MAX Camosun
Top Floor Gem in Fernwood | 2 Bed + 2 Bath | IN-UNIT LAUNDRY l SECURE UNDERGROUND PARKING l SKYLIGHTS & AMAZING VIEWS l **Welcome Home** to 306-1518 Pandora Avenue — where location truly says it all. Tucked into the heart of Fernwood at Oak Bay Junction, this bright, top-floor retreat is drenched in natural light pouring through a series of skylights, giving the whole space an airy, elevated feel you won’t find on the lower floors. The layout (see floor plan in pictures) is smart and spacious, anchored by a cozy fireplace for those cooler Victoria evenings. Both bedrooms offer patio access & real separation for privacy, with a generous primary suite featuring a walk-in closet and a spa-like ensuite soaker tub. A second full bathroom means no compromises for guests or roommates. Freshly painted throughout, this home is truly move-in ready. Step out onto your own private, covered balcony — the perfect perch for your morning coffee or an evening glass of wine, tucked on the quiet side of the building away from street noise. Amazing location - you’re right next to the newly renovated Stadacona Park and within the sought-after Oak Bay High School catchment — an ideal location for families. Cafes, shops, and restaurants are just steps away, with major bus routes at your doorstep and downtown Victoria within easy walking distance. No age restrictions here — just a fantastic top-floor home in one of Victoria’s most walkable, character-filled neighbourhoods.
found among the listing photos.
20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $2,179 · tax $216 · strata $552 · 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.
Catchment schools, Greater Victoria School District 61
700 m away · 1623 Bank St, Victoria · 250-598-5012
2.0 km away · 851 Monterey Ave, Victoria · 250-598-4589
1.6 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.
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| year | assessed | est. tax |
|---|---|---|
| 2026 | $456,500 | $2,582 |
| 2025 | $454,300 | $2,364 |
Estimated tax up 9.2% from 2025 to 2026.
The listing shows $2,596 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 permit for 36 homes
330 m away · 2024 · on hold · 1020 St Charles Street
The City is considering a Development Permit with Variance application to expand and upgrade the existing seniors residential facility by adding 36 rental residential units to the existing 53-unit facility, which proposes modifying and extending the house immediately to the south and moving all surface parking underground.
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: 2,418 m² (26,027 sq ft) · PID 000-895-288. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.
Walkability 85/100 · Very walkable: most errands on foot
Within a 10 minute walk: 2 grocery stores, 5 places to eat or drink, 2 cafes, 14 parks and playgrounds, 1 school, 2 pharmacies, 32 transit stops.
mihom score from OpenStreetMap places, by straight line distance.