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220 Michigan St in Victoria: Vi James Bay Single Family Residence for sale : MLS®# 1011888

220 Michigan St Victoria V8V 1R3 : Vi James Bay

Main Photo: 220 Michigan St in Victoria: Vi James Bay Single Family Residence for sale : MLS®# 1011888
$1,800,000
Prop. Type:
Residential
MLS® Num:
1011888
Status:
Active
Bathrooms:
1
Year Built:
1901
LAND VALUE SALE — PRIME JAMES BAY LOT (R2 ZONED) Rare opportunity to secure a 9,600 SF property in the heart of James Bay at 220 Michigan St. The existing 1901-built residence contains 5 rental units (over 3,500 SF total) but is in poor condition and holds little value — this is essentially a land-only purchase, ideal for building a new home or redevelopment project. Located in one of Victoria’s most desirable and established neighbourhoods, the site is just steps from Beacon Hill Park, James Bay Village, Inner Harbour, downtown Victoria, and major transit routes making this a walkable, connected location and a strategic investment. ZONING: R2 (Two-Family Residential) — permitting single-family homes, duplexes, suites, and other residential options (buyer to verify development potential with the City of Victoria). Don’t miss this chance to shape your vision in one of Victoria’s most sought-after communities!
Property Type:
Residential
Type:
Single Family Residence
Year built:
1901 (Age: 125)
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
Switch units of measure3,588 sq. ft.
Listing General Location:
Vi James Bay, Victoria
Bedrooms:
0
Bathrooms:
1.0 (Full:-/Half:-)
Lot Size:
Switch units of measure9,600 sq. ft.
Kitchens:
0
Taxes:
Construction:
See Remarks
New Construction:
No
Basement:
Partially Finished
Foundation:
Other
Roof:
See Remarks
Ceiling Heights:
Switch units of measure
Total Building Area:
Switch units of measure5,019 sq. ft.
Total Unfinished Area:
Switch units of measure1,431 sq. ft.
Commercial Area:
# Bedrooms or Dens Total:
0
# Main Level Bedrooms:
0
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
1
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
0
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Living Area Lower Floor:
Switch units of measure242 sq. ft.
Living Area Main Floor:
Switch units of measure1,673 sq. ft.
Living Area Other Floor:
Switch units of measure0 sq. ft.
Living Area 2nd Floor:
Switch units of measure1,673 sq. ft.
Living Area 3rd Floor:
Switch units of measure0 sq. ft.
Fireplaces:
0
Laundry Features:
None
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
None
Heating:
Other
Fireplace:
No
Pending Date:
Main Level
0
Yes
No
Unrestricted
Floor
Ensuite
Pieces
Other
Main Floor
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Victoria
Legal Description:
Units in Building:
Units in Community:
Number of 2 piece baths:
0
Number of 3 piece baths:
1
Number of 4 piece baths:
0
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Property Condition:
Fixer, Land Value Only
Exposure / Faces:
Southwest
Layout:
Other
Attached Garage:
No
Carport Spaces:
2
Garage Spaces:
0
Garage:
No
Parking Features:
Carport Double, On Street
Total Parking Spaces:
4
Total Units:
Date Listed:
Aug 25, 2025
Original Price:
1800000.0
Listed by eXp Realty
Data was last updated April 4, 2026 at 04:05 PM (UTC)
Wally Marcinkovic
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.
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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.