956 Heywood Ave

Fairfield West, Victoria · MLS® 1052623

211

1,322 sq ft · 6,120 sq ft lot · House · Single Family · built 1910 · 9 days on market

listed by Brandon Faber, RE/MAX Camosun

realtor's description

Rare development opportunity directly across from Beacon Hill Park, one of Victoria’s finest green spaces, with boutique Cook Street Village shopping just behind. 956 Heywood Avenue is a 6,120 SF rectangular lot measuring 51' x 120', zoned General Residential District (GRD-1 PGA) and designated a Priority Growth Area in the City of Victoria OCP. In-place zoning permits multi-unit residential up to six storeys, with a base FSR of 1.6 (approx. 2.7 with density bonuses) and 55% maximum lot coverage, letting you bring your own mid-rise vision under existing zoning. Full municipal services to the property line. A previous five-unit townhouse project received Development Permit approval (since lapsed). Surprisingly private for orientation, with a Walk Score of 93. Priced well below the 2026 assessed value. Land Value only, though the existing home offers potential to be revitalized as a holding property or residence while plans proceed.

property details

type: House, Single Family
bedrooms: 2
bathrooms: 1
living area: 1,322 sq ft
lot: 6,120 sq ft
parking: 1
year built: 1910
property tax: $7,829 / yr
days on market: 9
MLS®: 1052623

features

Central location
Other

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 9 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	$1,377,000	$7,788

The listing shows $7,829 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

$4,988/mo

Mortgage $4,335 · Tax $652

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

estimated payment

$4,335/ monthly

loan $788,000

25-year amortization

down payment20% · $197,00020%+ 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: $512,536
property transfer tax: $17,700; BC general rate
cash to close: $214,700; down + PTT
total paid: $1,300,536

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.