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503 550 Michigan St
Vi James Bay Victoria V8V 1S1

$2,750,000
Residential beds: 3 baths: 3.0 1,784 sq. ft. built: 2021

Main Photo: 503 550 Michigan St in Victoria: Vi James Bay Condo for sale : MLS®# 988424
Photo 1: 503 550 Michigan St in Victoria: Vi James Bay Condo for sale : MLS®# 988424
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Status:
Active
Prop. Type:
Residential
MLS® Num:
988424
Bedrooms:
3
Bathrooms:
3
Year Built:
2021
Welcome to unit 503 at Capital Park Residences, built by Concert & Jawl Properties, 2 of Victoria’s most prestigious developers. This 3BED & 3BATH penthouse seamlessly blends warmth & contemporary luxury offering sweeping views of Victoria’s Inner Harbour and historical Parliament buildings. The home features 2 main level balconies & an impressive 860 SqFt rooftop patio, perfect for year round enjoyment. Designed for entertaining, the main living area showcases a modern kitchen with two-toned cabinetry, integrated Bosch appliances, quartz countertops & an oversized waterfall island. The primary bedroom offers a private retreat, complete w/ a spa-like ensuite featuring a dual vanity, soaker tub, frameless glass shower & in-floor heating—standard in all bathrooms. Additionally the home includes 2 UG parking stalls & 2 storage lockers & access to premium amenities such as a live-in caretaker, gym & serenity room!
Property Type:
Residential
Type:
Condo Apartment
Year built:
2021 (Age: 4)
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
1,784 sq. ft.
Main Building Living Area:
1,784 sq. ft.
Listing General Location:
Vi James Bay, Victoria
Bedrooms:
3
Bathrooms:
3.0 (Full:-/Half:-)
Lot Size:
1,784 sq. ft.
Kitchens:
1
Taxes:
Building Type:
Other Level
Construction:
Brick, Steel and Concrete
New Construction:
No
Foundation:
Block, Concrete Perimeter
Roof:
Asphalt Torch On
Levels:
1
Number of Storeys:
5
Number of Buildings:
3
Ceiling Heights:
Floor finish:
Tile, Wood
Total Building Area:
2,773 sq. ft.
Total Unfinished Area:
989 sq. ft.
Commercial Area:
# Bedrooms or Dens Total:
3
# Main Level Bedrooms:
3
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
3
# 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:
1,742 sq. ft.
Living Area Other Floor:
989 sq. ft.
Living Area 2nd Floor:
42 sq. ft.
Living Area 3rd Floor:
0 sq. ft.
Balcony Area:
154 sq. ft.
Patio Area:
826 sq. ft.
Fireplaces:
0
Laundry Features:
In Unit
Water supply:
Municipal
Sewer:
Sewer To Lot
Additional Accommodations:
None
Cooling:
Air Conditioning
Heating:
Baseboard, Electric
Fireplace:
No
Pending Date:
Dishwasher, Dryer, F/S/W/D, Microwave, Oven Built-In, Refrigerator, Washer
Storage
Blinds, Window Coverings
Balcony/Patio, Fencing: Full
Bike Storage, Elevator(s), Fitness Center, Recreation Facilities, Recreation Room
Balcony, Deck/Patio
Main Level
0
See Bylaws
Cats OK, Dogs OK
See Bylaws
Yes
See Bylaws
Yes
See Bylaws
Unrestricted
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
Main Floor
Main Floor
2nd Floor
Floor
Ensuite
Pieces
Other
Main Floor
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, Hot Water, Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Water
Association Fee Year:
2025
Jurisdiction name:
City of Victoria
Legal Description:
Zoning:
CD-2
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:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
2
Property Condition:
Resale
Exposure / Faces:
North
Layout:
Condo
Lot Site Features:
Irregular Lot
Attached Garage:
No
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Parking Features:
Guest, Underground
Total Parking Spaces:
2
Common Parking Spaces:
0
LCP Parking Spaces:
0
Lot Parking Spaces:
2
Total Units:
Date Listed:
Feb 19, 2025
Original Price:
2750000.0
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Virtual Tour

Listed by Engel & Volkers Vancouver Island
Data was last updated February 22, 2025 at 10:05 AM (UTC)
Area Statistics
Listings on market:
71
Avg list price:
$799,900
Min list price:
$210,000
Max list price:
$5,000,000
Avg days on market:
26
Min days on market:
1
Max days on market:
183
Avg price per sq.ft.:
$749.04
These statistics are generated based on the current listing's property type and located in Vi James Bay. Average values are derived using median calculations.

Discover Your Urban Oasis: New Condos for Sale in Downtown Victoria, BC

Introduction:

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Conclusion:

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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.