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201 515 Chatham St
Vi Downtown Victoria V8T 0C8

$485,000
Residential beds: 1 baths: 1.0 548 sq. ft. built: 2020

Main Photo: 201 515 Chatham St in Victoria: Vi Downtown Condo for sale : MLS®# 1007270
Photo 1: 201 515 Chatham St in Victoria: Vi Downtown Condo for sale : MLS®# 1007270
Photo 2: 201 515 Chatham St in Victoria: Vi Downtown Condo for sale : MLS®# 1007270
Photo 3: 201 515 Chatham St in Victoria: Vi Downtown Condo for sale : MLS®# 1007270
Photo 4: 201 515 Chatham St in Victoria: Vi Downtown Condo for sale : MLS®# 1007270
Photo 5: 201 515 Chatham St in Victoria: Vi Downtown Condo for sale : MLS®# 1007270
Photo 6: 201 515 Chatham St in Victoria: Vi Downtown Condo for sale : MLS®# 1007270
Photo 7: 201 515 Chatham St in Victoria: Vi Downtown Condo for sale : MLS®# 1007270
Photo 8: 201 515 Chatham St in Victoria: Vi Downtown Condo for sale : MLS®# 1007270
Photo 9: 201 515 Chatham St in Victoria: Vi Downtown Condo for sale : MLS®# 1007270
Photo 10: 201 515 Chatham St in Victoria: Vi Downtown Condo for sale : MLS®# 1007270
Photo 11: 201 515 Chatham St in Victoria: Vi Downtown Condo for sale : MLS®# 1007270
Photo 12: 201 515 Chatham St in Victoria: Vi Downtown Condo for sale : MLS®# 1007270
Photo 13: 201 515 Chatham St in Victoria: Vi Downtown Condo for sale : MLS®# 1007270
Photo 14: 201 515 Chatham St in Victoria: Vi Downtown Condo for sale : MLS®# 1007270
Photo 15: 201 515 Chatham St in Victoria: Vi Downtown Condo for sale : MLS®# 1007270
Photo 16: 201 515 Chatham St in Victoria: Vi Downtown Condo for sale : MLS®# 1007270
Photo 17: 201 515 Chatham St in Victoria: Vi Downtown Condo for sale : MLS®# 1007270
Photo 18: 201 515 Chatham St in Victoria: Vi Downtown Condo for sale : MLS®# 1007270
Status:
Active
Prop. Type:
Residential
MLS® Num:
1007270
Bedrooms:
1
Bathrooms:
1
Year Built:
2020
Convenience and style converge in this stunning corner unit in the Ironworks Building! Nestled in Victoria's Old Town, this turnkey investment property offers one of the best floor plans in the building, with 548 sq ft of living space and not one but two balconies to enjoy. The condo's high-end kitchen appliances are complemented by sleek two-toned cabinetry and tasteful black and stainless hardware. The open-concept layout flows functionally with an entertainer's kitchen leading to a bright living room and balcony access. You will love the walk-in glass-walled shower with stylish tile surround and a cozy bedroom featuring an oversized window. Offering in-suite laundry, secure underground parking, storage, and pet-friendly strata, investors and residents alike will find value. Steps from Chinatown Village, the picturesque Inner Harbour, and endless retail and restaurant opportunities to explore. Life in Victoria's vibrant downtown is calling–will you answer?
Property Type:
Residential
Type:
Condo Apartment
Year built:
2020 (Age: 5)
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
548 sq. ft.
Listing General Location:
Vi Downtown, Victoria
Bedrooms:
1
Bathrooms:
1.0 (Full:-/Half:-)
Lot Size:
554 sq. ft.
Kitchens:
1
Home Style:
Contemporary
Taxes:
Building Type:
Other Level
Building Features:
Bike Storage, Fire Alarm, Fire Sprinklers, Transit Nearby
Construction:
Concrete, Frame Wood, Metal Siding, Other
New Construction:
No
Basement:
None
Foundation:
Concrete Perimeter
Roof:
Asphalt Torch On
Levels:
1
Number of Storeys:
5
Number of Buildings:
1
Ceiling Heights:
Floor finish:
Laminate
Total Building Area:
548 sq. ft.
Total Unfinished Area:
0 sq. ft.
Commercial Area:
# Bedrooms or Dens Total:
1
# Main Level Bedrooms:
1
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
1
# 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:
548 sq. ft.
Living Area Other Floor:
0 sq. ft.
Living Area 2nd Floor:
0 sq. ft.
Living Area 3rd Floor:
0 sq. ft.
Fireplaces:
0
Laundry Features:
In Unit
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
None
Heating:
Baseboard
Fireplace:
No
Warranty:
Yes
Pending Date:
Dishwasher, F/S/W/D, Microwave, Oven/Range Electric, Refrigerator, Washer
Dining/Living Combo
Blinds
Bike Storage, Common Area, Elevator(s), Secured Entry, Storage Unit
City
Balcony, Parking Stall, Separate Storage
Main Level
0
Aquariums, Caged Mammals, Cats OK, Dogs OK
2 dogs (no size limit), 2 cats, & reasonable amt of fish
Yes
Unknown
Unrestricted
Floor
Type
Size
Other
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Floor
Ensuite
Pieces
Other
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:
Insurance, Property Management, Recycling, Sewer, Water
Association Fee Year:
2025
Jurisdiction name:
City of Victoria
Legal Description:
Accessibility:
Accessible Entrance
Units in Building:
Units in Community:
Number of 2 piece baths:
0
Number of 3 piece baths:
1
Number of 4 piece baths:
0
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Occupancy:
Tenant
Property Condition:
Resale
Exposure / Faces:
North
Layout:
Condo
Lot Site Features:
Central Location, Corner Lot
Attached Garage:
No
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Parking Features:
Underground
Total Parking Spaces:
1
Common Parking Spaces:
0
LCP Parking Spaces:
1
Lot Parking Spaces:
0
Total Units:
Date Listed:
Jul 21, 2025
Original Price:
485000.0
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Listed by RE/MAX Camosun
Data was last updated July 25, 2025 at 12:05 PM (UTC)
Area Statistics
Listings on market:
253
Avg list price:
$550,000
Min list price:
$60,000
Max list price:
$3,650,000
Avg days on market:
53
Min days on market:
1
Max days on market:
416
Avg price per sq.ft.:
$810.89
These statistics are generated based on the current listing's property type and located in Vi Downtown. Average values are derived using median calculations. This data is not produced by the MLS® system.
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. In truth, they additionally don't see the value in esteem however much houses and accompany property holder's affiliation charges and explicit standards and limitations. 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 renegotiate your home loan, remove a few value, lease the condo and afterward utilize the value in addition to the rental profit to purchase your next property.

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

Victoria, British Columbia has 165 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?

Perusing Victoria, BC condos available to be purchased has never been simpler on website! 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 offer a wider range of amenities and facilities than apartments, which is why they are frequently associated with luxury living.

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. Conversely, a condo is an upward structure with different levels and only a couple of walls in the same way as neighboring units. 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.