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901 770 Cormorant St
Vi Downtown Victoria V8W 1P8

$829,818
Residential beds: 2 baths: 2.0 1,852 sq. ft. built: 1981

Main Photo: 901 770 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 988353
Photo 1: 901 770 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 988353
Photo 2: 901 770 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 988353
Photo 3: 901 770 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 988353
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Photo 6: 901 770 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 988353
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Status:
Active
Prop. Type:
Residential
MLS® Num:
988353
Bedrooms:
2
Bathrooms:
2
Year Built:
1981
South-facing penthouse perched high above overlooking the bustling city below. Solid steel and concrete building with tremendous square footage awaiting your renovation ingenuity; like a blank canvas this unit is begging to be updated into a masterpiece. Rarely does a unit like this become available and must be seen to appreciate its potential. Large decks on either side of the condo with one being fully enclosed creating a stunning urban experience. Two parking stalls (one uncovered, one secure underground), a wood burning fireplace, wheelchair accessibility, enclosed laundry room, and separate storage locker on the same floor. In fact, the entire penthouse floor is only shared by one other unit, a storage room, and a common rooftop patio offering a surreal level of privacy, yet still in the heart of downtown. A rare find and outstanding value in today’s market. Call your realtor today for a quick showing. Early possession available.
Property Type:
Residential
Type:
Condo Apartment
Year built:
1981 (Age: 44)
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
1,852 sq. ft.
Listing General Location:
Vi Downtown, Victoria
Bedrooms:
2
Bathrooms:
2.0 (Full:-/Half:-)
Lot Size:
1,852 sq. ft.
Kitchens:
1
Taxes:
Building Name:
Denby Place
Building Type:
Other Level
Construction:
Brick, Steel and Concrete
New Construction:
No
Foundation:
Concrete Perimeter
Roof:
Tar/Gravel
Levels:
1
Number of Storeys:
9
Number of Buildings:
1
Ceiling Heights:
Total Building Area:
2,121 sq. ft.
Total Unfinished Area:
269 sq. ft.
Commercial Area:
# Bedrooms or Dens Total:
2
# Main Level Bedrooms:
2
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
2
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
1
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Living Area Lower Floor:
0 sq. ft.
Living Area Main Floor:
1,852 sq. ft.
Living Area Other Floor:
0 sq. ft.
Living Area 2nd Floor:
0 sq. ft.
Living Area 3rd Floor:
0 sq. ft.
Fireplaces:
1
Fireplace Details:
Living Room
Laundry Features:
In Unit
Water supply:
Municipal
Sewer:
Sewer To Lot
Cooling:
None
Heating:
Baseboard, Electric
Fireplace:
Yes
Pending Date:
Elevator(s)
City
VREB and unit door
Balcony, Deck/Patio, Parking Stall, Separate Storage
Main Level
0
See Bylaws
Cats OK, Dogs OK
SEE BYLAWS one dog or one cat restrictions apply
Yes
Unknown
Some Rentals
See Bylaws
Floor
Type
Size
Other
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Floor
Ensuite
Pieces
Other
Main Floor
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:
Association Fee Includes:
Caretaker, Trash, Insurance, Maintenance Grounds
Association Fee Year:
2025
Jurisdiction name:
City of Victoria
Legal Description:
Units in Building:
Units in Community:
Number of 2 piece baths:
0
Number of 3 piece baths:
0
Number of 4 piece baths:
1
Number of 5 piece baths:
1
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Property Condition:
Fixer
Exposure / Faces:
South
Layout:
Condo
Attached Garage:
No
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Parking Features:
Open, Underground
Total Parking Spaces:
2
Common Parking Spaces:
2
LCP Parking Spaces:
0
Lot Parking Spaces:
0
Rent Includes:
Cable TV, Gas
Total Units:
Date Listed:
Feb 17, 2025
Original Price:
874818.0
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    Common Rooftop patio
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Listed by RE/MAX Camosun
Data was last updated March 4, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
204
Avg list price:
$549,900
Min list price:
$52,500
Max list price:
$2,999,000
Avg days on market:
33
Min days on market:
2
Max days on market:
328
Avg price per sq.ft.:
$860.88
These statistics are generated based on the current listing's property type and located in Vi Downtown. Average values are derived using median calculations.

Common Questions:

What is a condo?

A private unit that belongs to a single person and is part of a larger residential complex is called a condominium. Condos typically come with a number of shared amenities, such as a gym, swimming pool, party room, and so on, and are situated in desirable urban areas. These common areas are typically managed by a homeowner's association, which also charges monthly fees and establishes specific building-level rules and restrictions.

Are condominiums wise investments?

If you are new to real estate investment, buying a condo is a smart choice. For instance, apartments for sale are less expensive and require less upkeep than single-family homes. Having said that, they also have restrictions and fees associated with homeowner's associations and don't appreciate as much as houses do. Despite this, condos can still generate a respectable rental income. Additionally, because of their desirable location and amenities, condos frequently attract more buyers, so finding tenants should be simple. On the other hand, if you own a condo and live in your own unit, you can become a real estate investor after a few years. You can get some equity out of your mortgage by refinancing it, renting out the condominium, and using the equity and rental income to buy your next home.

How many condos are for sale in Victoria, British Columbia?

Victoria, British Columbia has 155 apartments available for purchase, with prices ranging from $219,900 to $9,299,900.

How do I find condos for sale in Victoria, British Columbia?

finding apartments for sale in Victoria, BC has never been easier! By sorting listings by factors like price, square footage, number of bedrooms and bathrooms, year built, etc., you can narrow your search. Also, sort condos for sale in Victoria, BC by price drops in the last six months to never miss a deal. Are you looking for condos for sale in your area? Utilize the map view to locate nearby apartments for sale.

What distinguishes an apartment from a condo?

A landlord is a leasing company that manages all of the rentals in an apartment, which is a unit in a building owned entirely by the landlord. In contrast, the owner of a condo either lives in the unit or rents it out. A condominium can be purchased or rented, whereas an apartment can only be rented. Condos, in contrast to apartments, are more recent and more prevalent in more affluent areas of larger cities. They're likewise frequently connected with extravagance living, offering a more extensive arrangement of conveniences and offices than condos.

What distinguishes a townhouse from a condominium?

Within a large residential complex, a condo is a standalone unit that shares several walls, floor, and/or ceiling, with other condos. A townhouse, on the other hand, is a vertical structure with multiple levels and only one or two walls that the units next to it share. Notably, townhomes typically offer more privacy and a larger total living space. When you buy a townhouse, in contrast to condos, you not only own the building itself but also the land on which it is built. As a result, you will have access to a private front yard and backyard. Consequently, townhomes typically cost more than condos.

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.