510 647 Michigan St
$324,900
James Bay
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About this home
Enjoy spectacular southwest sunset views from this bright fifth-floor corner suite in the sought-after Orchard House, a well-maintained concrete and steel building in the heart of James Bay. This beautifully updated 2-bedroom, 2-bathroom home features an upgraded kitchen, renovated bathrooms, and a spacious layout filled with natural light. Located on a quiet street in the heart of James Bay, you're just steps to Beacon Hill Park, Dallas Road, the Inner Harbour, downtown Victoria, restaurants, cafés, and shopping. Rentals permitted (6+ months with approval), no age restrictions, and no Speculation or Vacancy Tax. Residents enjoy a heated outdoor pool, hot tub, sauna, workshop, bike storage, common laundry, and an on-site property manager. Includes one secure underground parking stall and storage locker. Monthly fees include property taxes, heat, and hot water. Leasehold to Dec. 31, 2073 offers exceptional value in one of Victoria's most desirable neighbourhoods. (id:65179)
Property details
From the listing's public record.
Lot size
905 square feet
Year built
1970
Taxes
$282,454/yr
Strata / HOA
$1,095/month
Zoning
Multi-Family
View
Appliances
Heating
Parking
Lot
Community
Price history
1 recordEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Jul 11, 2026
Listed $324,900
Active16 days on marketMLS 1043005
How this listing compares
Based on 103 sales in James BayMedian sold
$700,000
Avg days on market
49 days
Avg sale-to-list
97.1%
Avg $/sqft
$637
Price per square foot
Below area average
Current market in James Bay
Active (same type)
40
Pending
22
All active listings
71
Months of supply
4.7
Balanced market — 4.7 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$54,128,000
Homes in Victoria sell at 49728.7% of assessed value on average.
Based on 680 recent sales.
Local price trend
How James Bay has moved over the last decade.
Local price index (normalized) · 119 months
Recent nearby sales
12 sales807-225 Belleville St
$885,000
2 bd · 2 ba · 1,287 sqft · $688/sqft · 70 days on market
Sold Jul 21, 2026 · 93.2% of list
714-21 Dallas Rd
$765,000
1 bd · 1 ba · 1,010 sqft · $757/sqft · 36 days on market
Sold Jul 20, 2026 · 97.5% of list
705-620 Toronto St
$560,000
2 bd · 1 ba · 900 sqft · $622/sqft · 56 days on market
Sold Jul 16, 2026 · 96.7% of list
504-225 Belleville St
$1,100,000
2 bd · 2 ba · 2,026 sqft · $543/sqft · 17 days on market
Sold Jul 15, 2026 · 97.3% of list
1005-250 Douglas St
$515,000
1 bd · 1 ba · 803 sqft · $641/sqft · 71 days on market
Sold Jul 15, 2026 · 95.5% of list
306-120 Douglas St
$670,000
2 bd · 1 ba · 1,089 sqft · $615/sqft · 51 days on market
Sold Jul 14, 2026 · 95.7% of list
404-530 Michigan St
$810,000
1 bd · 1 ba · 1,010 sqft · $802/sqft · 22 days on market
Sold Jul 7, 2026 · 97% of list
460-188 Douglas St
$830,000
2 bd · 2 ba · 1,189 sqft · $698/sqft · 78 days on market
Sold Jul 6, 2026 · 103.8% of list
802-630 Montreal St
$1,259,900
2 bd · 2 ba · 2,020 sqft · $624/sqft · 6 days on market
Sold Jun 29, 2026 · 100% of list
120-405 Quebec St
$795,000
2 bd · 2 ba · 1,198 sqft · $664/sqft · 22 days on market
Sold Jun 24, 2026 · 99.4% of list
631-21 Dallas Rd
$2,000,000
3 bd · 3 ba · 2,013 sqft · $994/sqft · 71 days on market
Sold Jun 24, 2026 · 90.9% of list
902-250 Douglas St
$690,000
2 bd · 1 ba · 1,120 sqft · $616/sqft · 14 days on market
Sold Jun 23, 2026 · 98.6% of list
What would this home cost?
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Loan amount
$324,900 − $64,980
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$70,978
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 Sotheby's International Realty Canada