For Sale224d on marketHistoric · 125 yrs
220 Michigan St
Victoria, BC, V8V1R3 • James Bay • Capital Regional District
$1,800,000
$502/sqft
Down payment assistance available
1Baths
3,588Sqft
0.22 acLot
1901Built
Property DNA
Character Home
Built 1901 · 125 years of history
Market activity
Demand and pricing signals for this listing
49 views
People checking out this listing
224 days on market
Established listing
$502/sqft
Price per square foot
About this home
Single Family · Built 1901 · Historic
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!
Estimated monthly payment
Based on current rates
$11,740/month
Principal & Interest$9,340
Property Tax$1,800
Insurance$600
Down payment20% ($360,000)
3%50%
Est. 6.75% rate · 30yr fixed · $1,440,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1901
HeatingOther
CoolingNone
Parking2 Carport spaces
Lot9,583 sqft
Days on Zillow224 Days
Price/sqftC$502
Property
Home typeSingle Family
Sub-typeSingle Family Residence
ConditionFixer,Land Value Only
Year built1901
Systems
HeatingOther
CoolingNone
RoofSee Remarks
ConstructionSee Remarks
Water / SewerMunicipal
Parking & Outdoor
ParkingCarport Double, On Street
BasementPartially Finished
Lot9,583 sqft
Location & Tax
NeighborhoodJames Bay
Annual tax$7,769
Parcel000041947
Features & details
5 categories of property features
Interior Features
Heating
Other
Cooling
None
Laundry
None
Exterior Features
Parking
Carport Double
On Street
Construction
See Remarks
Listing insights
Market data and value estimates
StatusFor Sale
Days on market224
Est. rent$2,491/mo
Price/sqft$502
On marketAug 25, 2025
PostedAug 25, 2025
MLS updatedJan 2, 2026
Tour days6
Views49
How are the schools in Victoria?
2 schools rated nearby
Location
Victoria, BC, V8V1R3
Nearby homes
Neighborhood details
Local context around this listing
Victoria, BC • Capital Regional District
Nearby neighborhoods
DowntownFairfieldFernwoodGonzalesHarris GreenHillsideJames BayNorth ParkRockbayRockland
Nearby cities
Central SaanichColwoodEsquimaltLangfordNorth SaanichOak BaySaanichSidney
Nearby zip codes
V8RV8SV8TV8VV8WV9A
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Listing content Copyright 2026 Vancouver Island Real Estate Board & Victoria Real Estate Board. The above information is from sources deemed reliable, but should not be relied upon without independent verification.
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