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1157 Princess Ave

$1,399,999

Fernwood

Multifamily4 bd · 5 ba · 3,198 sqftBuilt 1911$438/sqft1 day on market

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About this home

BC Assessment $1.579,000. Exceptional Investment Opportunity in Fernwood. Unveil a unique investment gem in the heart of Fernwood with this 4-unit character conversion property. Well-preserved to highlight its original architectural details, this residence unites historic elegance with contemporary comfort. Each of the 4 charming 1-bedroom units is ideal for singles or couples, boasting hardwood floors, generous kitchens, and impressive ceilings—10 feet on the main floor and 9 feet on the upper level. The property also includes a non-legal bachelor suite in the basement, adding potential for additional income. This character conversion property is a prime investment for keen investors. With the high demand for distinctive rental spaces, this 4-unit beauty is poised to attract tenants swiftly. Located near bus routes, schools, shopping, and all the amenities Victoria has to offer, convenience is at your doorstep. Seize this rare opportunity to invest in a truly exceptional property in Fernwood. (id:65179)

Property details

From the listing's public record.

Lot size

7,200 square feet

Year built

1911

Taxes

$9,131/yr

Zoning

Multi-Family

Heating

Baseboard heaters

Lot

Central locationLevel lot

Price history

8 records

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

Sep 18, 2026
Listed $1,399,999
Active1 days on marketMLS 1049112
Nov 26, 2025
Listed $1,399,999
Ddf_delisted279 days on marketMLS 1021210
Jan 22, 2025
Listed $1,549,999
Expired282 days on marketMLS 985204
Aug 7, 2024
Listed $1,650,000
Cancelled163 days on marketMLS 972587
Apr 5, 2024
Listed $1,529,000
Expired7 days on marketMLS 959416
Dec 8, 2023
Listed $1,549,900
Expired114 days on marketMLS 949582
Aug 9, 2023
Listed $1,899,900
Expired113 days on marketMLS 940650
Mar 22, 2023
Listed $2,300,000
Expired131 days on marketMLS 927211

How this listing compares

Based on 16 sales in Victoria

Median sold

$1,240,000

Avg days on market

53 days

Avg sale-to-list

97.7%

Avg $/sqft

$370

Price per square foot

This home: $438/sqft·Area average: $370/sqft

Above area average

Current market in Victoria

Active (same type)

Pending

All active listings

573

Months of supply

Buyer's market — 21 months of supply at the current sales pace.

Assessment

From publicly available property records.

Assessed value

$1,579,000

Homes in Victoria sell at 115.9% of assessed value on average.

Based on 16 recent sales.

Local price trend

How Fernwood has moved over the last decade.

Local price index (normalized) · 6 months

Recent nearby sales

10 sales

1011 Amphion St
$1,225,000
3 bd · 4 ba · 2,953 sqft · $415/sqft · 18 days on market
Sold Aug 14, 2026 · 96.1% of list
143 Government St
$1,500,000
4 bd · 8 ba · 4,463 sqft · $336/sqft · 74 days on market
Sold Aug 5, 2026 · 95.2% of list
1913 Duchess St
$1,255,000
6 bd · 5 ba · 3,668 sqft · $342/sqft · 45 days on market
Sold Aug 4, 2026 · 98.1% of list
1141 Fort St
$1,685,000
4 bd · 4 ba · 4,358 sqft · $387/sqft · 35 days on market
Sold Jul 31, 2026 · 98% of list
1950 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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Purchase price

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Amortization (years)

Property Transfer Tax is shown at the standard rate for this property type. First-time and newly-built exemptions apply to principal residences — for vacant land, they may apply if you build and occupy a home here (the amount depends on land plus construction cost). Talk to us about your situation.

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Monthly mortgage

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Loan amount

$1,399,999 − $280,000

$1,119,999

Down payment

20.0%

$280,000

Property Transfer Tax

$26,000

Legal / closing (est.)

$1,500

Cash to close

$307,500

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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1157 Princess Ave

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About this home

Property details

Price history

How this listing compares

Current market in Victoria

Assessment

Local price trend

Recent nearby sales

What would this home cost?

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More on this listing

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