515 Foul Bay Rd

Fairfield East, Victoria · MLS® 1049863

9,778 sq ft · 10,979 sq ft lot · House · Multi-family · built 1910 · 44 days on market

listed by Austin Cope, Colliers

realtor's description

Set on an elevated site with views toward the Olympic Mountains, Tracksell Manor is a remarkable 1910 Samuel Maclure-designed heritage manor near the Oak Bay/Victoria border, being thoughtfully restored and reimagined for its next chapter. The restoration will create eight distinctive studio, one- and two-bedroom residences, blending the craftsmanship and character of the original manor with contemporary living. The building is being renewed with a new roof, services, plumbing, electrical, kitchens, bathrooms and finishes. Six homes will feature individual heat-pump heating and cooling. Original details are being retained and restored, including hardwood floors, stained-glass windows, rich wood detailing and marble fireplaces in select homes. Revitalized by GMC Projects, Tracksell Manor will preserve the building while preparing it for generations to come. Completion is slated for early 2027, presenting an owner-occupier or vacant investment opportunity in the near term.

property details

type: House, Multi-family
living area: 9,778 sq ft
lot: 10,979 sq ft
parking: 4
year built: 1910
property tax: $12,997 / yr
days on market: 44
MLS®: 1049863

the market here

sold vs last asking: -3.1%; median, 26 houses sold
listed now: 45 days; median for 145 houses for sale; this one 44 days

Houses 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.

property tax by year

year	assessed	est. tax
2026	$2,298,000	$12,997

The listing shows $12,997 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.

monthly cost

$18,688/mo

Mortgage $17,605 · Tax $1,083

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

estimated payment

$17,605/ monthly

loan $3,200,000

25-year amortization

down payment20% · $800,00020%+ down: no mortgage insuranceinterest rate4.44%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 30, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $2,081,366
property transfer tax: $118,000; BC general rate
cash to close: $918,000; down + PTT
total paid: $5,281,366

first-time buyernewly builtforeign national

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.

location

lot outline: 1,020 m² (10,979 sq ft) · PID 032-514-450. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Fairfield East, VictoriaGoogle Maps ↗

schools

Catchment schools, Greater Victoria School District 61

Elementary Margaret Jenkins Elementaryhomes in this catchment
300 m away · 1824 Fairfield Rd, Victoria · 250-598-5191
Middle Monterey Middlehomes in this catchment
900 m away · 851 Monterey Ave, Victoria · 250-598-4589
Secondary Oak Bay Highhomes in this catchment
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.

good to know

Heritage
This address is on the Designation (Victoria) as "Edwin Tracksell House". Exterior changes can need a heritage permit, and some heritage homes qualify for grants or incentives; the municipality can confirm.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

development nearby

Rezoning
360 m away · 2024 · under review · 731, 735, 781 Richmond Avenue - 728, 729, 733 Laurentian Place - 724, 730, 736 Maddison Street
The City is considering a Rezoning application for GNS Pemberton Woods Campus Renewal.

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.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.