$ 1.298.000

405 550 Michigan St, Victoria

45 Photos

Ensuite - 405 550 Michigan St, Victoria, BC V8V0G3 Photo 2

Primary Bedroom - 405 550 Michigan St, Victoria, BC V8V0G3 Photo 3

Balcony - 405 550 Michigan St, Victoria, BC V8V0G3 Photo 4

Living room - 405 550 Michigan St, Victoria, BC V8V0G3 Photo 5

Dining room - 405 550 Michigan St, Victoria, BC V8V0G3 Photo 6

Kitchen - 405 550 Michigan St, Victoria, BC V8V0G3 Photo 7

Bedrooms: 2
Bathrooms: 2
Living area: 1222 square feet

MLS®: 962678
Type: Apartment
Added: 6 days ago

Property Details

Rare opportunity in the highly regarded CAPITAL PARK RESIDENCES @ 550 MICHIGAN ST, a 2021 built steel & concrete boutique style 36 door residential development from multi award winning Concert Properties. Ideally located on a quiet tree lined street in the idyllic James Bay Neighbourhood just a short walk away from Downtown Victoria. This corner condo SHOWS AS NEW, looks directly at the Parliament Buildings and features: 2 bedrooms / 2 full bathrooms + den, very efficient floor plan with great room concept design, 5-piece ensuite bathroom, private balcony for outdoor living, large Island Kitchen with quartz slab counters, 2 Parking Stalls with EV Charger, big storage locker, excellent resident caretaker and superior finishing throughout. Truly a special property in a fantastic community with a walk score of 95! (id:1945)

Best Mortgage Rates

Property Information

View: City view
Zoning: Residential
Cooling: Fully air conditioned
Heating: Baseboard heaters, Heat Recovery Ventilation (HRV), Electric, Other
List AOR: Victoria
Year Built: 2021
Living Area: 1222
Lot Features: Central location, Private setting, Other
Photos Count: 45
Lot Size Units: square feet
Parcel Number: 031-473-016
Parking Total: 2
Bedrooms Total: 2
Structure Type: Apartment
Association Fee: 713
Common Interest: Condo/Strata
Association Name: FIRM MANAGEMENT
Subdivision Name: CAPITAL PARK RESIDENCES
Tax Annual Amount: 5225.65
Security Features: Sprinkler System-Fire, Fire alarm system
Community Features: Family Oriented, Pets Allowed With Restrictions
Lot Size Dimensions: 1222
Zoning Description: CD-2
Architectural Style: Contemporary
Lease Amount Frequency: Monthly
Above Grade Finished Area: 1222
Above Grade Finished Area Units: square feet

Room Dimensions

Type	Level	Dimensions
Storage	Other	3'11 x 8'0
Ensuite	Main level	5-Piece
Primary Bedroom	Main level	9'6 x 10'6
Balcony	Main level	6'7 x 9'2
Living room	Main level	10'4 x 13'3
Dining room	Main level	11'3 x 12'4
Kitchen	Main level	8'7 x 12'2
Den	Main level	4'11 x 8'1
Laundry room	Main level
Bathroom	Main level	4-Piece
Bedroom	Main level	10'8 x 11'1
Entrance	Main level	5'2 x 6'2

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Nearby Places

Name	Type	Address	Distance
The Rosewood Victoria Inn	Cafe	595 Michigan St	0.1 km
British Columbia Legislature Building	Establishment	501 Belleville St	0.3 km
Legislative Assembly of British Columbia	The Legislature meets in Victoria...		0.3 km
British Columbia Parliament Buildings	The Speaker and the Sergeant-At-Arms are amongst t...		0.3 km
Royal British Columbia Museum	The museum is located in Victoria, British Columbi...		0.3 km
Royal BC Museum	Museum	675 Belleville St	0.4 km
Emily Carr House	It was the childhood home of Canadian painter Emil...		0.4 km
Beacon Hill Park	Park	100 Cook street	0.4 km
Netherlands Centennial Carillon	Its tower is located at the intersection of Govern...		0.4 km
Thunderbird Park	Park	Victoria	0.4 km
Hotel Grand Pacific	Cafe	463 Belleville St	0.4 km
Helmcken House	It was built by Dr...		0.4 km

Similar Condos Stat in Victoria

We have found 6 Condos that closely match the specifications of the property located at 405 550 Michigan St with distances ranging from 2 to 8 kilometers away. The prices for these similar properties vary between 809,900 and 1,299,900, providing a good range for comparison. Moreover, we have also discovered that there are a few open Condos in the V8V0G3 postal code area of Victoria British Columbia Canada.

405 550 Michigan St mortgage payment

Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 405 550 Michigan St. The current price of the property is $1,298,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $1,038,400. This would result in a monthly mortgage payment of $6,070 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Master's degree	60
Bachelor's degree	155
University / Above bachelor level	25
College	85
University degree at bachelor level or above	250

Neighbourhood Marital Status Stat

Married	325
Widowed	125
Divorced	90
Separated	30
Never married	260
Living common law	105
Married or living common law	430
Not married and not living common law	505

Neighbourhood Construction Date

1961 to 1980	90
1981 to 1990	45
1991 to 2000	95
2001 to 2005	10
2006 to 2010	15
1960 or before	90

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