487 Burnside Rd E
$1,850,000
Burnside
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About this home
This versatile, high-utility industrial building is presently demised into two separate rental units with their own ground-level entrances. It offers excellent flexibility for owner-operators or investors, featuring a mezzanine level, offices, a boardroom, and a spacious rear exterior shop/open storage yard complete with two powered sea cans. Total building area is approx. 7,820 sq ft, plus a 497 sq ft Quonset hut. The workshop boasts an impressive 17’6” clear height and a generous 10’ x 12’ exterior door. The property is currently leased on a month-to-month basis. Buyers can provide six months’ notice (from final subject removal) for vacant possession, or renegotiate leases to maintain steady income. Located in a rapidly redeveloping area with strong future growth potential. Do not approach existing tenants. All measurements are approximate — please verify independently. Buyers should conduct their own due diligence regarding use and expansion possibilities with the municipality. (id:65179)
Property details
From the listing's public record.
Lot size
13,348 square feet
Taxes
$47,085/yr
Zoning
Unknown
Heating
Cooling
Lot
Price history
1 recordEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Jul 24, 2026
Listed $1,850,000
Active2 days on marketMLS 1044056
How this listing compares
Based on 13 sales in BurnsideMedian sold
$1,060,000
Avg days on market
33 days
Avg sale-to-list
95.7%
Avg $/sqft
$407
Current market in Burnside
Active (same type)
8
Pending
1
All active listings
47
Months of supply
7.4
Buyer's market — 7.4 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$2,373,000
Homes in Victoria sell at 102.4% of assessed value on average.
Based on 257 recent sales.
Local price trend
How Burnside has moved over the last decade.
Local price index (normalized) · 119 months
Recent nearby sales
12 sales2624 Forbes St
$1,190,000
4 bd · 3 ba · 2,351 sqft · $506/sqft · 57 days on market
Sold Jul 21, 2026 · 95.2% of list
1742 Albert Ave
$976,000
3 bd · 1 ba · 1,992 sqft · $490/sqft · 8 days on market
Sold Jul 20, 2026 · 102.8% of list
1213 Finlayson St
$799,990
2 bd · 1 ba · 1,111 sqft · $720/sqft · 18 days on market
Sold Jul 20, 2026 · 100% of list
3160 Stevenson Pl
$885,000
4 bd · 2 ba · 2,303 sqft · $384/sqft · 84 days on market
Sold Jul 16, 2026 · 98.4% of list
3090 Balfour Ave
$1,060,000
4 bd · 2 ba · 2,759 sqft · $384/sqft · 27 days on market
Sold Jul 15, 2026 · 96.4% of list
338 Foul Bay Rd
$1,925,100
4 bd · 4 ba · 2,519 sqft · $764/sqft · 7 days on market
Sold Jul 15, 2026 · 101.4% of list
2522 Vancouver St
$785,000
2 bd · 1 ba · 2,120 sqft · $370/sqft · 17 days on market
Sold Jul 14, 2026 · 98.2% of list
1701 Stanley Ave
$859,000
2 bd · 1 ba · 2,007 sqft · $428/sqft · 48 days on market
Sold Jul 14, 2026 · 95.5% of list
525 Simcoe St
$1,635,000
6 bd · 3 ba · 3,034 sqft · $539/sqft · 12 days on market
Sold Jul 14, 2026 · 102.3% of list
1519 Pearl St
$974,900
4 bd · 2 ba · 1,779 sqft · $548/sqft · 12 days on market
Sold Jul 14, 2026 · 97.5% of list
522 Su'it St
$1,275,000
2 bd · 1 ba · 3,408 sqft · $374/sqft · 25 days on market
Sold Jul 8, 2026 · 94.5% of list
310 Windermere Pl
$1,800,000
5 bd · 4 ba · 2,913 sqft · $618/sqft · 57 days on market
Sold Jul 8, 2026 · 94.7% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$1,850,000 − $370,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$406,500
Down payment + PTT + GST + legal estimate.
Estimates only, based on current BC rates and thresholds. Not tax, legal, or financial advice. Property transfer tax exemptions have eligibility requirements — confirm with a lawyer or notary. GST rebates on new construction are not modelled here. Mortgage payment uses Canadian semi-annual compounding and excludes property tax, home insurance, and CMHC mortgage insurance.
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Interested in this home?
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Listed by Coldwell Banker Oceanside Real Estate