1603 647 Michigan St
$239,900
James Bay
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About this home
Bright and elevated 1-bedroom suite offering beautiful outlooks and ever-changing views. Located in Orchard House, a well-maintained steel and concrete leasehold building in the heart of James Bay, this home offers exceptional affordability and lifestyle. Enjoy a Walk Score of 90 with easy access to Downtown, Beacon Hill Park, Dallas Road, Cook Street Village, and major transit routes. Building amenities include an onsite caretaker, secure underground parking, large storage locker, workshop, bike storage, shared laundry, sauna, hot tub, and heated outdoor pool. Monthly fees include hot water, hot water heating, and property taxes. No age restrictions and rentals permitted. Seller has paid the Fire Alarm Special Assessment in full and has paid the Re-Piping Special Assessment through the end of 2026. Leasehold expires December 31, 2073. Book your showing today! (id:65179)
Property details
From the listing's public record.
Lot size
619 square feet
Year built
1969
Taxes
$307,030/yr
Strata / HOA
$740/month
Zoning
Multi-Family
View
Appliances
Heating
Parking
Lot
Community
Price history
3 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Aug 26, 2026
Listed $239,900
Active4 days on marketMLS 1047398Dec 10, 2025
Listed $265,000
Ddf_delisted247 days on marketMLS 1021501Aug 9, 2007
$189,900
Sold18 days on marketMLS 436604
How this listing compares
Based on 91 sales in James BayMedian sold
$719,000
Avg days on market
50 days
Avg sale-to-list
97.2%
Avg $/sqft
$647
Price per square foot
Below area average
Current market in James Bay
Active (same type)
43
Pending
24
All active listings
76
Months of supply
5.7
Balanced market — 5.7 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$54,128,000
Homes in Victoria sell at 53329.4% of assessed value on average.
Based on 634 recent sales.
Local price trend
How James Bay has moved over the last decade.
Local price index (normalized) · 119 months
Recent nearby sales
12 sales502-636 Montreal St
$1,180,000
2 bd · 2 ba · 2,067 sqft · $571/sqft · 106 days on market
Sold Aug 14, 2026 · 102.6% of list
307-200 Douglas St
$679,000
1 bd · 1 ba · 718 sqft · $946/sqft · 16 days on market
Sold Aug 5, 2026 · 99.1% of list
203-636 Montreal St
$825,000
2 bd · 2 ba · 1,284 sqft · $643/sqft · 139 days on market
Sold Aug 4, 2026 · 97.1% of list
205-640 Michigan St
$735,000
2 bd · 2 ba · 905 sqft · $812/sqft · 33 days on market
Sold Jul 31, 2026 · 98.1% of list
107-420 Parry St
$565,000
2 bd · 2 ba · 1,196 sqft · $472/sqft · 11 days on market
Sold Jul 30, 2026 · 98.3% of list
627-21 Dallas Rd
$855,000
2 bd · 2 ba · 1,227 sqft · $697/sqft · 11 days on market
Sold Jul 30, 2026 · 100.6% of list
201-640 Montreal St
$799,900
2 bd · 2 ba · 1,991 sqft · $402/sqft · 21 days on market
Sold Jul 27, 2026 · 100% of list
206-530 Michigan St
$585,000
1 bd · 1 ba · 627 sqft · $933/sqft · 25 days on market
Sold Jul 23, 2026 · 97.5% of list
807-225 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
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
What would this home cost?
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Monthly mortgage
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Loan amount
$239,900 − $47,980
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$52,278
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?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.
Listed by Pemberton Holmes Ltd. - Oak Bay