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Pemberton Holmes Ltd.

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703 848 Yates St
homes for sale · Victoria · Downtown
703 848 Yates St — photo 1 of 37
1 / 37
$669,900

703 848 Yates St

Downtown, Victoria · MLS® 1053173

221

857 sq ft · Condo · Single Family · built 2020 · 1 day on market

listed by Dima Borysenko, Royal LePage Coast Capital - Westshore

realtor's description

Vacant, beautifully refreshed, and ready for immediate possession, this exceptional residence is completely move-in ready and primed for a swift, seamless closing. Simply turn the key and start enjoying sophisticated urban living from day one. Welcome to Unit 703 at Yates on Yates — a remarkably bright, sleek, and modern 2-bedroom, 2-bathroom home offering 857 sq. ft. of thoughtfully designed, open-concept living space right in the vibrant heart of Victoria. Having undergone recent premium updates, the interior shines with elegance and care. Highlights include brand-new luxury flooring, crisp new baseboards and refined trim throughout, and a complete professional repainting—including the seamless painting over of the bedroom accent wall to create a serene, cohesive aesthetic. The contemporary gourmet kitchen serves as the natural heart of the home, beautifully appointed with high-end built-in appliances, extensive custom cabinetry, and a generous central island that opens effortlessly into the light-filled living and dining area. Floor-to-ceiling windows flood the home with rich natural light while capturing sweeping city views. Step out onto your private balcony to enjoy your own peaceful outdoor oasis high above the streetscape. The tranquil primary bedroom suite offers a private sanctuary complete with a luxurious ensuite featuring a sleek glass-enclosed shower. A second full bathroom with a deep soaking tub and convenient in-suite laundry round out this exceptionally functional floor plan. Beyond your front door, residents gain exclusive access to the building’s signature rooftop deck, perfect for entertaining or relaxing against breathtaking panoramic backdrops. Ideally situated just steps from Victoria’s finest boutique shops, artisan cafés, world-class restaurants, and essential downtown amenities, this pristine home represents an unbeatable opportunity for discerning buyers and savvy investors alike.

similar homes nearby

all units at Yates on Yates →

property details

type
Condo, Single Family
bedrooms
2
bathrooms
2
living area
857 sq ft
parking
1
year built
2020
property tax
$3,513 / yr
strata fee
$519 / mo ($0.61 / sq ft)
strata rules
Pets Allowed With Restrictions
days on market
1
MLS®
1053173

features

  • Family Oriented
  • Pets Allowed With Restrictions
  • Washer
  • Refrigerator
  • Dryer
  • Microwave

floor plans

found among the listing photos.

monthly cost

$3,760/mo
Mortgage $2,948 · Tax $293 · Strata $519

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

estimated payment
$2,948/ monthly
loan $535,920
25-year amortization
total interest
$348,577
property transfer tax
$11,398
BC general rate
cash to close
$145,378
down + PTT
total paid
$884,497
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

rent
$2,190/mo
after all costs
−$1,780/mo
cap rate
2.1%
yearly net rent ÷ price

Costs: mortgage $2,948 · tax $293 · strata $519 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Fort St., Victoria: CMHC's average there ($1,868) 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

schools

Catchment schools, Greater Victoria School District 61

  • Elementary South Park Elementaryhomes in this catchment

    1.0 km away · 508 Douglas St, Victoria · 250-382-5234

  • Middle Central Middlehomes in this catchment

    1000 m away · 1280 Fort St, Victoria · 250-386-3591

  • Secondary Victoria Highhomes in this catchment

    1.0 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
Dima Borysenko
Royal LePage Coast Capital - Westshore
call Dima · 250-403-9030
Powered by: REALTOR.ca
▶ virtual tour

location

Downtown, VictoriaGoogle Maps ↗

property tax by year

yearassessedest. tax
2026$621,000$3,512
2025$648,000$3,372

Estimated tax up 4.2% from 2025 to 2026.

The listing shows $3,513 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

    250 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 20 storey building

    200 m away · 2023 · under review · 854, 858 & 880 Pandora Avenue

    The City is considering a Rezoning application to construct a 20-storey mixed-use building. Concurrent with Development Permit application No. 000630.

  • Rezoning for 129 homes

    380 m away · 2025 · under review · 930-934 Balmoral Road and 1701 Quadra Street

    The City is considering a Heritage Alteration Permit application to renovate the existing church and construct 129 new purpose built rental units. Concurrent with REZ00894 and DPV00293. Refer to rezoning file for all materials.

  • Rezoning for 129 homes

    380 m away · 2025 · under review · 930-934 Balmoral Road and 1701 Quadra Street (932 Balmoral Road)

    The City is considering a Rezoning application to renovate the existing church and construct 129 new purpose built rental units. Concurrent with DPV00293 and HAP00271.

  • Rezoning

    320 m away · 2025 · under review · 1625 Quadra Street

    The City is considering a Rezoning application to allow for Cannabis Retail.

And 1 smaller application nearby.

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.

the market here

sold vs last asking
-3.1%
median, 72 condos sold
listed now
43 days
median for 346 condos for sale; this one 1 day

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.

313 1033 Cook St, Victoria
Condo
$469,900
313 1033 Cook St
Downtown, Victorialisted today
listed by Pemberton Holmes Ltd. - Oak Bay
111573 sq ft
MLS® 1053400
N312 1105 Pandora Ave, Victoria
Condo
$674,900
N312 1105 Pandora Ave
Downtown, Victorialisted today
listed by Rennie & Associates Realty Ltd.
22
416 770 Fisgard St, Victoria
open houseCondo
$599,000
416 770 Fisgard St
Downtown, Victoria3 days on market
listed by Sotheby's International Realty Canada
22
505 1030 Yates St, Victoria
Condo
$725,000
505 1030 Yates St
Downtown, Victoria38 days on market
listed by Macdonald Realty Victoria
23
N305 737 Humboldt St, Victoria
Condo
$600,000
N305 737 Humboldt St
Downtown, Victoria21 days on market
listed by RE/MAX Camosun
11
1204 760 Johnson St, Victoria
Condo
$540,000
1204 760 Johnson St
Downtown, Victoria47 days on market
listed by Royal LePage Coast Capital - Oak Bay
21
1
816 sq ft
MLS® 1052013
1
959 sq ft
MLS® 1052990
1
1,347 sq ft
MLS® 1050470
1
624 sq ft
MLS® 1051860
1
722 sq ft
MLS® 1049393

good to know

  • Heritage

    This address is inside the Core Business Area heritage conservation area (Victoria). 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.

location

the building's lot: 2,741 m² (29,504 sq ft) · PID 031-355-919. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Downtown, VictoriaGoogle Maps ↗
Drive times
  • Heritage Community College1 min
  • Downtown Victoria2 min
  • École George Jay Elementary4 min
  • Victoria High5 min
  • Royal Jubilee Hospital8 min
  • YYJ airport30 min
100

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

Within a 10 minute walk: 6 grocery stores, 182 places to eat or drink, 45 cafes, 11 parks and playgrounds, 5 schools, 7 pharmacies, 51 transit stops.

mihom score from OpenStreetMap places, by straight line distance.