Property Description
Motivated Sellers! Few entry points into Victoria's real estate market offer more affordability and certainty than 647 Michigan, The Orchard House. A compelling price point and cost-controlled ownership with a reliable leasehold title extending to 2073 — delivering nearly five decades of secure tenure at a fraction of the freehold market. Leaseholds offer lower closing costs and more predictable carrying costs, appealing to both investors and discerning downsizers seeking simplicity without compromise. Secure UG Parking, Fresh Paint, Tub Surround, Tile Backsplash, Counters, Plugs & Switches round out this incredible offering. With steel & Concrete construction and steps from downtown Victoria's dining, transit, and waterfront, this opportunity demands attention from landlords and buyers alike. The Seasonal Outdoor Pool, Sauna & Hot Tub, Bike Storage, Storage locker, plenty of green space, and the views add a premium that the price doesn't reflect.
Property Details
MLS #:
1037330
ID #:
31342771
Type:
Residential
Sub-Type:
Condo Apartment
Area:
Victoria
Sub-Area:
Vi James Bay
Status:
Active
Lot Size:
0.01 acres
Property Tax:
$282,454 (2025)
Days on Market:
98 days
Room Details
Listing provided by Engel & Volkers Vancouver Island
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CMHC Insurance Required: Down payments less than 20% require mortgage default insurance.
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