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331 Niagara St in Victoria: Vi James Bay Triplex for sale : MLS®# 1053381

331 Niagara St Victoria V8V 1G7 : Vi James Bay

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$1,700,000
Prop. Type:
Residential
MLS® Num:
1053381
Status:
Active
Bedrooms:
6
Bathrooms:
4
Year Built:
1911
Four-unit rental property in desirable James Bay. Each suite is separately metered and generous in size, with deck space and access to a shared yard. The property was extensively updated in the ’80s and received further updates in 2024. Clean and tidy, with storage lockers, bike storage, and coin-operated laundry. The property is a legal non-conforming triplex (R-2 zoned; confirm with the City of Victoria if important), with a fourth unauthorized basement suite. There are four great tenants who would like to stay, offering continuity for a new owner. The easy-to-maintain backyard features garden beds ready for some love. Minutes from downtown, the Inner Harbour, Beacon Hill Park, and the Dallas Road waterfront, with shops, cafés, and everyday amenities close by. Measurments approx, confirm if important. A truly rare turnkey opportunity!
Property Type:
Residential
Type:
Triplex
Year built:
1911 (Age: 115)
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
Switch units of measure4,682 sq. ft.
Listing General Location:
Vi James Bay, Victoria
Bedrooms:
6
Bathrooms:
4.0 (Full:-/Half:-)
Lot Size:
Switch units of measure4,922 sq. ft.
Kitchens:
4
Taxes:
Building Features:
Bike Storage, Transit Nearby
Construction:
Frame Wood, Stucco, Wood
New Construction:
No
Basement:
Finished, Full, Walk-Out Access, With Windows
Foundation:
Concrete Perimeter
Roof:
Fibreglass Shingle
Ceiling Heights:
Switch units of measure
Floor finish:
Mixed
Total Building Area:
Switch units of measure4,759 sq. ft.
Total Unfinished Area:
Switch units of measure77 sq. ft.
Commercial Area:
# Bedrooms or Dens Total:
7
# Main Level Bedrooms:
2
# Second Level Bedrooms:
2
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
2
# Other Level Bedrooms:
0
# Main Level Bathrooms:
2
# Second Level Bathrooms:
1
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
1
# Other Level Bathrooms:
0
# Main Level Kitchens:
2
# Second Level Kitchens:
1
# Third Level Kitchens:
0
# Lower Level Kitchens:
1
# Other Level Kitchens:
0
Living Area Lower Floor:
Switch units of measure1,777 sq. ft.
Living Area Main Floor:
Switch units of measure1,654 sq. ft.
Living Area Other Floor:
Switch units of measure0 sq. ft.
Living Area 2nd Floor:
Switch units of measure1,328 sq. ft.
Living Area 3rd Floor:
Switch units of measure0 sq. ft.
Fireplaces:
1
Fireplace Details:
Gas
Laundry Features:
Common Area
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
None
Heating:
Baseboard, Electric
Fireplace:
Yes
Pending Date:
Vinyl Frames
Balcony/Deck, Fencing: Partial, Garden
Main Level
0
Yes
No
Unrestricted
Floor
Type
Dimensions
Other
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
2nd Floor
2nd Floor
2nd Floor
2nd Floor
2nd Floor
2nd Floor
2nd Floor
2nd Floor
2nd Floor
2nd Floor
2nd Floor
2nd Floor
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Floor
Ensuite
Pieces
Other
Main Floor
Main Floor
2nd Floor
Lower Level
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:
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:
4
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:
Other
Attached Garage:
No
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Parking Features:
Driveway
Total Parking Spaces:
3
Total Units:
Date Listed:
Oct 29, 2026
Original Price:
1700000.0
Listed by RE/MAX Camosun
Data was last updated October 31, 2026 at 02:05 AM (UTC)
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.