$ 1,488,000

40 Government St, Victoria

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 throughout, including the new kitchen & main-floor bathroom, 2018 roof, heat pump, on-demand hot water & documented attic vermiculite removal, & 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:1945)
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Property details for 40 Government St, Victoria

Type
Residential
Style
Character, Other
Bedrooms
3
Bathrooms
3
Living Area
2,370 square feet
Lot Size
5600
Parking
Street, Electric Vehicle Charging Station(s)
Heating
Heat Pump, Forced air, Electric
Cooling
Fully air conditioned
Ownership
Freehold
Annual Taxes
$8,117

Nearby Listings Stat

Estimated price and comparable properties near 40 Government St

Active Listings
11
Min Price
$699,000
Max Price
$2,075,000
Avg Price
$1,336,718
Days on Market
77
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days

Neighbourhood Census Data

Victoria, British Columbia / Colombie-Britannique

Population
558
Median Age
68.8
Median Income
$40,661
Dwelling Value
$348,839

Housing Tenure

Owners 25%
Renters 75%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 1.5
Pop. Density: 5,133.4/km²
Avg Shelter Cost: $1,057/mo
Owners with Mortgage: 35.7%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 54.8%
English only: 85.6%
English and French: 14.4%
Neither: 0.9%
Median Household Income: $58,496
Median Employment Income: $28,672

Price History

Listed
October 24, 2026
by Pemberton Holmes Ltd. - Oak Bay
Current Price
$1,488,000
Type
Residential
For Sale
40 Government St

Contact Agent Get in touch about 40 Government St, Victoria

Cheryl Nelson
Cheryl Nelson
Pemberton Holmes Ltd. - Oak Bay