1106 Balmoral Rd
$4,320,000
Downtown
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About this home
Rare 19-suite character walk-up in Victoria's tightly-held Fernwood/North Park pocket. Built in 1912, ''The Normandie'' offers a diversified mix of 12 bachelor, 6 one-bedroom, and 1 two-bedroom suites, ideal for steady, staggered turnover. Building has been fully rewired and has separately metered electrical for every suite; Upgraded to central gas-fired domestic hot water. Original period detailing throughout, including a stained-glass stairwell and classic bay-window facade. Unbeatable walkability — steps to Fernwood Village, ~650m to downtown core, ~1.7km to Royal Jubilee Hospital, on a strong transit corridor. A stable, well-maintained long-term hold priced to reflect a 5.0% cap rate. Full financials, rent roll, and capital improvement records available to qualified buyers under NDA. Contact listing agent for the complete offering package. (id:65179)
Property details
From the listing's public record.
Lot size
3,600 square feet
Year built
1912
Taxes
$18,466/yr
Zoning
Unknown
Heating
Lot
Security
Price history
1 recordEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Jul 14, 2026
Listed $4,320,000
Active15 days on marketMLS 1042904
How this listing compares
Based on 13 sales in VictoriaMedian sold
$1,222,500
Avg days on market
57 days
Avg sale-to-list
97.8%
Avg $/sqft
$381
Current market in Victoria
Active (same type)
24
Pending
4
All active listings
545
Months of supply
22.2
Buyer's market — 22.2 months of supply at the current sales pace.
Assessment
From publicly available property records.
Homes in Victoria sell at 101.7% of assessed value on average.
Based on 13 recent sales.
Local price trend
How Downtown has moved over the last decade.
Local price index (normalized) · 7 months
Recent nearby sales
6 sales1950 Granite St
$1,025,000
4 bd · 3 ba · 3,456 sqft · $297/sqft · 34 days on market
Sold Jul 3, 2026 · 93.3% of list
1454/1456 Begbie St
$1,450,000
5 bd · 3 ba · 2,759 sqft · $526/sqft · 11 days on market
Sold Jun 29, 2026 · 97% of list
1909 Fernwood Rd
$1,318,500
7 bd · 4 ba · 4,222 sqft · $312/sqft · 10 days on market
Sold Jun 25, 2026 · 102.4% of list
402 Dallas Rd
$2,100,000
7 bd · 4 ba · 4,635 sqft · $453/sqft · 22 days on market
Sold Jun 19, 2026 · 95.7% of list
1015 Empress Ave
$1,222,500
6 bd · 3 ba · 3,470 sqft · $352/sqft · 80 days on market
Sold May 29, 2026 · 94.1% of list
2411 Quadra St
$980,000
4 bd · 2 ba · 2,760 sqft · $355/sqft · 149 days on market
Sold Mar 23, 2026 · 103.3% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$4,320,000 − $864,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$999,500
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 RE/MAX Generation