907 647 Michigan St
$139,000
James Bay
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About this home
Motivated sellers, and sellers pay special assessments! The Orchard House at 647 Michigan is one of Victoria’s most affordable and predictable ways into the market. The leasehold title runs to 2073, giving you nearly 50 years of secure tenure at a fraction of freehold pricing. Lower closing costs and more predictable carrying costs make this an easy fit for investors and downsizers alike. Recent updates include fresh paint, a new tub surround, tile backsplash, counters, and updated plugs and switches. You also get secure underground parking. The building is steel and concrete, and you’re just steps from downtown dining, transit, and the waterfront. Amenities include a seasonal outdoor pool, sauna, hot tub, bike storage, a storage locker, and plenty of green space, plus views that add value the price doesn’t reflect (id:65179)
Property details
From the listing's public record.
Lot size
536 square feet
Year built
1969
Taxes
$307,030/yr
Strata / HOA
$556/month
Zoning
Multi-Family
View
Appliances
Heating
Parking
Lot
Community
Security
Price history
4 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Oct 27, 2026
Listed $139,000
Active2 days on marketMLS 1053229May 20, 2026
Listed $149,000
Ddf_delisted159 days on marketMLS 1037330Jan 30, 2017
$156,000
Sold39 days on marketMLS 745835May 8, 2006
$145,000
Sold30 days on marketMLS 392408
How this listing compares
Based on 99 sales in James BayMedian sold
$719,000
Avg days on market
46 days
Avg sale-to-list
97.3%
Avg $/sqft
$658
Price per square foot
Below area average
Current market in James Bay
Active (same type)
36
Pending
10
All active listings
70
Months of supply
4.4
Balanced market — 4.4 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$54,128,000
Homes in Victoria sell at 52420.7% of assessed value on average.
Based on 645 recent sales.
Local price trend
How James Bay has moved over the last decade.
Local price index (normalized) · 118 months
Recent nearby sales
12 sales205-430 Parry St
$410,000
1 bd · 1 ba · 581 sqft · $706/sqft · 58 days on market
Sold Oct 27, 2026 · 97.6% of list
323-21 Dallas Rd
$1,295,000
2 bd · 2 ba · 2,124 sqft · $610/sqft · 15 days on market
Sold Oct 23, 2026 · 100% of list
101-550 Michigan St
$640,000
1 bd · 1 ba · 763 sqft · $839/sqft · 32 days on market
Sold Oct 23, 2026 · 99.2% of list
401-660 Battery St
$540,000
2 bd · 2 ba · 1,000 sqft · $540/sqft · 7 days on market
Sold Oct 22, 2026 · 102.1% of list
224-405 Quebec St
$425,000
1 bd · 1 ba · 633 sqft · $671/sqft · 16 days on market
Sold Oct 19, 2026 · 98.9% of list
324-405 Quebec St
$414,900
1 bd · 1 ba · 620 sqft · $669/sqft · 13 days on market
Sold Oct 19, 2026 · 98.8% of list
309-530 Michigan St
$950,000
2 bd · 2 ba · 924 sqft · $1,028/sqft · 30 days on market
Sold Oct 16, 2026 · 99% of list
106-455 Kingston St
$280,000
2 bd · 2 ba · 930 sqft · $301/sqft · 53 days on market
Sold Oct 16, 2026 · 93.4% of list
302-530 Michigan St
$635,000
1 bd · 1 ba · 537 sqft · $1,182/sqft · 14 days on market
Sold Oct 13, 2026 · 99.2% of list
203-640 Montreal St
$850,000
2 bd · 2 ba · 1,075 sqft · $791/sqft · 44 days on market
Sold Oct 6, 2026 · 94.5% of list
202-647 Michigan St
$115,000
1 bd · 1 ba · 685 sqft · $168/sqft · 14 days on market
Sold Oct 2, 2026 · 106.5% of list
305-405 Quebec St
$738,000
2 bd · 2 ba · 1,155 sqft · $639/sqft · 112 days on market
Sold Sep 30, 2026 · 93.5% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$139,000 − $27,800
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$30,690
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