306 515 Chatham St
$419,900
Downtown
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About this home
Welcome to Ironworks in the heart of Victoria’s vibrant and historic Old Town. Located on the quiet side of the building, this 1-bedroom, 1-bathroom condo offers a smart and efficient layout. The open living space features a contemporary kitchen with stainless steel appliances, quartz countertops, tile backsplash and two-tone cabinetry. In-suite laundry and secure underground parking add everyday convenience, while the building offers bike storage and landscaped common areas. This is a great option for a first-time buyer, investor, or anyone looking for a downtown home base. Just steps from Chinatown, Market Square, Lower Johnson, restaurants, cafés, shopping and the Inner Harbour. The neighbouring unit is also available, creating a rare opportunity to purchase two side-by-side condos, check it out at MLS 1050181 (id:65179)
Property details
From the listing's public record.
Lot size
482 square feet
Year built
2020
Taxes
$2,194/yr
Strata / HOA
$363/month
Zoning
Residential
Appliances
Heating
Parking
Lot
Community
Price history
1 recordEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Sep 18, 2026
Listed $419,900
Active1 days on marketMLS 1050184
How this listing compares
Based on 287 sales in DowntownMedian sold
$495,000
Avg days on market
52 days
Avg sale-to-list
96.6%
Avg $/sqft
$656
Price per square foot
Above area average
Current market in Downtown
Active (same type)
171
Pending
31
All active listings
243
Months of supply
7.1
Buyer's market — 7.1 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$424,800
Homes in Victoria sell at 57299.3% of assessed value on average.
Based on 590 recent sales.
Local price trend
How Downtown has moved over the last decade.
Local price index (normalized) · 119 months
Recent nearby sales
12 sales809-845 Johnson St
$330,000
1 bd · 1 ba · 541 sqft · $610/sqft · 37 days on market
Sold Aug 24, 2026 · 94.3% of list
1202-777 Belleville St
$950,000
2 bd · 2 ba · 1,058 sqft · $898/sqft · 12 days on market
Sold Aug 21, 2026 · 99.1% of list
402-930 Yates St
$430,000
2 bd · 2 ba · 771 sqft · $558/sqft · 24 days on market
Sold Aug 21, 2026 · 93.7% of list
434-1029 View St
$310,000
1 bd · 1 ba · 420 sqft · $738/sqft · 241 days on market
Sold Aug 21, 2026 · 92.8% of list
N106-737 Humboldt St
$1,039,000
2 bd · 2 ba · 1,369 sqft · $759/sqft · 15 days on market
Sold Aug 20, 2026 · 100% of list
201-1270 Johnson St
$490,000
2 bd · 2 ba · 1,300 sqft · $377/sqft · 17 days on market
Sold Aug 20, 2026 · 98% of list
N708-737 Humboldt St
$1,145,000
2 bd · 2 ba · 1,535 sqft · $746/sqft · 14 days on market
Sold Aug 19, 2026 · 98.8% of list
102-456 Pandora Ave
$305,000
— · 1 ba · 296 sqft · $1,030/sqft · 24 days on market
Sold Aug 19, 2026 · 95.3% of list
109-1155 Yates St
$580,000
1 bd · 2 ba · 1,213 sqft · $478/sqft · 25 days on market
Sold Aug 18, 2026 · 100% of list
805-819 Burdett Ave
$600,000
2 bd · 2 ba · 1,166 sqft · $515/sqft · 17 days on market
Sold Aug 17, 2026 · 98.4% of list
401-689 Bay St
$555,000
2 bd · 2 ba · 1,004 sqft · $553/sqft · 7 days on market
Sold Aug 14, 2026 · 100.9% of list
S204-737 Humboldt St
$609,500
2 bd · 2 ba · 1,012 sqft · $602/sqft · 39 days on market
Sold Aug 14, 2026 · 95.4% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$419,900 − $83,980
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$91,878
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 Engel & Volkers Vancouver Island