40 Government St

About this home

Steps from the stunning Dallas Road waterfront, this heritage-designated James Bay home offers a rare choice: two one-bedroom residences with non-strata duplex status at 40/42 Government, or one gracious single-family home. Currently enjoyed as one residence, it offers potential for 3 bedrooms (one upper bedroom now serves as a sitting room). The upper kitchen can double as a studio or be repurposed as a den/office or 4th bedroom. Independent hydro services provide flexibility for rental income or multigenerational living. Original fir floors, generous proportions & a magnificent dark-wood staircase speak to the home's history, while natural light finds its way into different rooms throughout the day. Throw open the living room's beautiful French doors in summer & the enclosed sunporch becomes part of an expansive, inviting space for relaxing or entertaining. The gracious dining room invites lingering meals. The spectacular new main-floor kitchen is a standout, with beautifully detailed white cabinetry, warm wood accents, open display shelving & generous work surfaces. It's a thoughtful renovation that brings a sophisticated, timeless feel to the heart of the home. Considerable investment has been made here, including the new kitchen & main-floor bathroom, 2018 roof, heat pump, on-demand hot water & documented attic vermiculite removal, & plug for EV charger in driveway makes life easy! Upstairs, a bright sitting room enjoys lovely treetop outlooks, while the second kitchen opens directly to a private deck, where leisurely evening meals give way to beautiful James Bay sunsets. Outside, a peaceful back garden complements the generous 5,600 sq. ft. lot. The full unfinished basement offers 1,368 sq. ft. for storage & utility. Waterfront walks are on your doorstep, with Beacon Hill Park, Ogden Point & the Inner Harbour a short stroll away. An exceptional combination of architectural beauty, flexible living & one of Victoria's most cherished coastal settings. (id:65179)

Property details

From the listing's public record.

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

1. Oct 24, 2026

   Listed $1,488,000

   Active5 days on marketMLS 1052892

2. Nov 19, 2004

   $452,500

   Sold46 days on marketMLS 349794

Current market in James Bay

Balanced market — 4.9 months of supply at the current sales pace.

Assessment

From publicly available property records.

Local price trend

How James Bay has moved over the last decade.

• 131 Michigan St

  $875,000

  2 bd · 1 ba · 1,357 sqft · $645/sqft · 21 days on market

  Sold Oct 26, 2026 · 92.2% of list

• 146 Medana St

  $950,000

  2 bd · 1 ba · 750 sqft · $1,267/sqft · 16 days on market

  Sold Oct 1, 2026 · 95% of list

• 255 Government St

  $1,650,000

  3 bd · 3 ba · 3,266 sqft · $505/sqft · 43 days on market

  Sold Sep 24, 2026 · 97.1% of list

• 132 Government St

  $1,700,000

  5 bd · 3 ba · 5,722 sqft · $297/sqft · 62 days on market

  Sold Sep 23, 2026 · 94.5% of list

• 35 San Jose Ave

  $1,610,000

  3 bd · 2 ba · 1,828 sqft · $881/sqft · 15 days on market

  Sold Sep 11, 2026 · 108.1% of list

• 410 Government St

  $1,200,000

  3 bd · 5 ba · 2,913 sqft · $412/sqft · 16 days on market

  Sold Aug 27, 2026 · 100.1% of list

• 329 Simcoe St

  $1,534,000

  5 bd · 3 ba · 3,530 sqft · $435/sqft · 21 days on market

  Sold Aug 5, 2026 · 97.5% of list

• 131 Ladysmith St

  $1,750,000

  5 bd · 5 ba · 2,985 sqft · $586/sqft · 29 days on market

  Sold Jul 29, 2026 · 97.2% of list

• 525 Simcoe St

  $1,635,000

  6 bd · 3 ba · 3,034 sqft · $539/sqft · 12 days on market

  Sold Jul 14, 2026 · 102.3% of list

• 350 Berwick St

  $1,250,000

  4 bd · 3 ba · 2,468 sqft · $506/sqft · 21 days on market

  Sold Jul 2, 2026 · 104.2% of list

• 602 Battery St

  $875,000

  4 bd · 3 ba · 2,825 sqft · $310/sqft · 33 days on market

  Sold Jun 30, 2026 · 90.2% of list

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