220 MICHIGAN STREET
Victoria · V8V1R3
$1,800,000
About this residence
LAND VALUE SALE — PRIME JAMES BAY LOT (R2 ZONED) Rare opportunity to secure a 9,600 SF property in the heart of James Bay at 220 Michigan St. The existing 1901-built residence contains 5 rental units (over 3,500 SF total) but is in poor condition and holds little value — this is essentially a land-only purchase, ideal for building a new home or redevelopment project. Located in one of Victoria’s most desirable and established neighbourhoods, the site is just steps from Beacon Hill Park, James Bay Village, Inner Harbour, downtown Victoria, and major transit routes making this a walkable, connected location and a strategic investment. ZONING: R2 (Two-Family Residential) — permitting single-family homes, duplexes, suites, and other residential options (buyer to verify development potential with the City of Victoria). Don’t miss this chance to shape your vision in one of Victoria’s most sought-after communities! (id:61366)
Property details
- Property type
- Single Family
- Style
- House
- Ownership
- Freehold
- Bedrooms
- 0
- Bathrooms
- 1
- Living area
- 3,588 sq ft
- Lot size
- 9600
- Parking
- 4 spaces
- Year built
- 1901
- Annual tax
- $7,769
- MLS®
- 1011888
- Board
- Victoria
- Status
- Active
- Listed
- Aug 25, 2025
- Updated
- Mar 18, 2026
Room dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Main level | 3-Piece |
Features & finishes
Heating
- Other
Financing
Estimated monthly payment
$8,418/mo
Loan amount
$1,440,000
Down payment
$360,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Victoria
Nearby
About the area
Census · V8V- 28,430
- Population
- 48
- Median age
- $63,200
- Median income
- $600,000
- Median home value
- 36%
- Home ownership
- 22 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 220 MICHIGAN STREET?
220 MICHIGAN STREET is listed for $1,800,000, in Victoria.
How many bedrooms and bathrooms does 220 MICHIGAN STREET have?
It offers 0 bedrooms and 1 bathroom.
What type of home is 220 MICHIGAN STREET?
220 MICHIGAN STREET is a Single Family, House, built in 1901.
How large is 220 MICHIGAN STREET?
The home offers approximately 3,588 sq ft of living space on a lot measuring 9600.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $8,418. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $7,769 per year.
Is there parking?
Yes — 220 MICHIGAN STREET includes 4 parking spaces.
What is the Victoria area like?
Victoria has a population of about 28,430, a median age of 48, a 36% home-ownership rate, with an average commute of about 22 minutes.
What is the average home value in Victoria?
The median dwelling value in this area is approximately $600,000, based on census data via Neighbourly.
What is the median household income in Victoria?
The median household income in this area is approximately $63,200.
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Private viewings
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