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Pemberton Holmes Ltd.

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604 751 Fairfield Rd
homes for sale · Victoria · Downtown
604 751 Fairfield Rd — photo 1 of 30
1 / 30
$3,999,900

604 751 Fairfield Rd

Downtown, Victoria · MLS® 1048093

457 sq ft · House · Multi-family · 63 days on market

listed by Jilly Yang, DFH Real Estate Ltd.

realtor's description

10 SUITES, 2 Landmark Buildings, 1 Exceptional Victoria Investment! A truly unique chance to acquire a 10-suite portfolio, featuring 7 suites at this Award-winning Steel and Concrete High-Rise Astoria building and 3 suites at the iconic Roberts House in James Bay. All suites are fully rented, providing an immediate income-producing investment with an exceptional collection of locations and amenities. All 1 Bedroom/Studio suites showcase similar smart floor plans with a sleek kitchen, SS appliances, bright living&dining space& covered balcony overlooking the city skyline. In Suite Laundry, UG secure parking, and premium amenities including gym, social lounge with kitchen and billiards, on-site caretaker. With an exceptional Walk Score, mere steps from the Inner Harbour, Empress Hotel, Park,Museum, shopping&restaurants.All 10 suites are to be sold together and in conjunction with MLS listing 1048081. Request the info package for full details and ask about the exclusive incentive available to qualified buyers.

property details

type
House, Multi-family
living area
457 sq ft
parking
0
property tax
$15,087 / yr
days on market
63
MLS®
1048093

features

similar homes nearby

  • Central location
  • Other

monthly cost

$18,861/mo
Mortgage $17,604 · Tax $1,257

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

estimated payment
$17,604/ monthly
loan $3,199,920
25-year amortization
total interest
$2,081,314
property transfer tax
$117,995
BC general rate
cash to close
$917,975
down + PTT
total paid
$5,281,234
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

suite rent
$1,440/mo
your cost after the suite
$17,712/mo
vs $19,036 without it

Costs: mortgage $17,604 · tax $1,257 · insurance ~$175 · vacancy 3% · upkeep 5%.

Suite rent is today's market rent for a studio in Fort St., Victoria: CMHC's average there ($1,195) raised by what new tenants pay against everyone in the Victoria area, then down 1.5% 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

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

  • Middle Central Middlehomes in this catchment

    1.2 km away · 1280 Fort St, Victoria · 250-386-3591

  • Secondary Victoria Highhomes in this catchment

    1.5 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
Jilly Yang
DFH Real Estate Ltd.
call Jilly · 250-881-5999
Powered by: REALTOR.ca

location

Downtown, VictoriaGoogle Maps ↗

property tax by year

yearassessedest. tax
2026$395,900$2,239
2025$406,800$2,117

Estimated tax up 5.8% from 2025 to 2026.

The listing shows $15,087 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 329 homes

    310 m away · 2025 · under review · 829-899 Fort Street & 846-856 Broughton Street

    The City is considering a Rezoning application for a development consisting of three mixed- use towers with residential above commercial uses. CONCURRENT WITH DPV00297 APPLICATION. REFER TO REZONING FILE FOR APPLICATION MATERIALS.

  • Rezoning for a 18 storey building

    360 m away · 2024 · under review · 900 & 912 Vancouver Street, 911 Quadra Street, and 930 & 990 Burdett Avenue

    The City is considering a rezoning application to increase density and building heights, and to add residential and commercial uses to permit a future mixed-use development with buildings ranging in height from four to eighteen storeys.

  • Rezoning for a 12 storey building

    320 m away · 2026 · under review · 617-635 Broughton Street, 901-919 Gordon Street and 620-630 Courtney Street

    The City is considering a Rezoning application to increase density and building height for a mixed use twelve storey building with ground floor commercial uses and a publicly accessible plaza. <br>CONCURRENT WITH DEVELOPMENT PERMIT WITH VARIANCE FILE #00307. REFER TO REZONING FILE FOR ATTACHMENTS.

  • Development permit for a 6 storey building

    340 m away · 2025 · under review · 915 McClure Street

    The City is reviewing a Delegated Development Permit application to construct a 6-storey, 22 unit affordable housing building. The proposal also includes variances to side and rear yard setbacks, lot coverage, open lot space and parking. <br><br>Under the site’s existing zoning, the application may be permitted; however, it requires staff review against city policy/guidelines and a decision of the

  • Rezoning

    240 m away · 2026 · under review · Unit 114 - 840 Humboldt Street

    The proposal is for a zoning amendment to allow personal services in CD-4 zone.

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.

nothing comparable on the market right now.

the market here

sold vs last asking
-3.1%
median, 26 houses sold
listed now
45 days
median for 146 houses for sale; this one 63 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.

location

Downtown, VictoriaGoogle Maps ↗
Drive times
  • Heritage Community College1 min
  • Downtown Victoria2 min
  • Sir James Douglas Elementary4 min
  • Victoria High6 min
  • Royal Jubilee Hospital9 min
  • YYJ airport31 min
97

Walkability 97/100 · Very walkable: most errands on foot

Within a 10 minute walk: 2 grocery stores, 159 places to eat or drink, 39 cafes, 14 parks and playgrounds, 3 schools, 4 pharmacies, 52 transit stops.

mihom score from OpenStreetMap places, by straight line distance.