$369,000
201 1215 Bay St
Fernwood, Victoria13 days on market
listed by Royal LePage Coast Capital - Oak Bay
MLS® 1052462
408 1655 Begbie St
211
948 sq ft · Condo · Single Family · built 1982 · 15 days on market
listed by Roy Banner, RE/MAX Camosun
realtor's description
This well-presented top-floor unit in a spacious 2-bed Fernwood condo. This centrally located home features a quiet, SW courtyard-facing balcony and a cozy wood-burning fireplace. Includes in-suite laundry. Great location - close to parks, Oak Bay Rec Center, UVic, Camosun College, Jubilee Hospital, and central bus routes. Within walking distance of the beach and Downtown. Close to Oak Bay Village and Fernwood Village, with great coffee, dining, and culture. Chestnut Grove is a professionally managed building and includes a rec room, sauna, secure underground parking, and bike lock-up.
property details
- type
- Condo, Single Family
- bedrooms
- 2
- bathrooms
- 1
- living area
- 948 sq ft
- parking
- 1
- year built
- 1982
- property tax
- $2,648 / yr
- strata fee
- $605 / mo ($0.64 / sq ft)
- strata rules
- Pets Allowed With Restrictions
- days on market
- 15
- MLS®
- 1052157
features
- Cul-de-sac
- Corner Site
- Other
- Family Oriented
- Pets Allowed With Restrictions
- Washer
monthly cost
$2,806/mo
Mortgage $1,980 · Tax $221 · Strata $605
20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
if you rented it out
- rent
- $2,680/mo
- after all costs
- −$375/mo
- cap rate
- 4.3%
- yearly net rent ÷ price
Costs: mortgage $1,980 · tax $221 · strata $605 · 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
location
Fernwood, VictoriaGoogle Maps ↗
schools
Catchment schools, Greater Victoria School District 61
- Elementary Bank Elementaryhomes in this catchment
400 m away · 1623 Bank St, Victoria · 250-598-5012
- Middle Monterey Middlehomes in this catchment
1.9 km away · 851 Monterey Ave, Victoria · 250-598-4589
- Secondary Oak Bay Highhomes in this catchment
1.2 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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