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