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Investment signal

$1,500,000

1790 Denman St

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Beds

Baths

Sqft

—

Year

1955

Type

Single Family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Victoria. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Exceptional Urban Development Opportunity in Victoria’s vibrant Jubilee neighbourhood, just steps to the Oak Bay border. This rare 65’ x 200’ (13,000 sq ft - taken from BCA) lot offers outstanding potential for multi-family, townhouse, or houseplex development in a prime, centrally located community. Close to the hospital and walkable to Victoria's downtown core, the site is also near transit, schools, and local amenities, supporting increased density in line with City of Victoria planning policies. The existing legal up/down duplex (previously a triplex) provides a flexible holding property with 1,600sq ft on the main floor (2-3 Beds) and a self-contained lower level with multi-suite potential. While updates are required, the true value lies in the land and its significant redevelopment possibilities. Large urban parcels of this size and location are increasingly rare.. (id:65958)

Subtype: Single Family
Structure: House
Community: Jubilee
Common interest: Freehold
Living area: 3,201 square feet
Lot size: 13,000 square feet
Lot dimensions: 13000
Parking: 2 total
Fireplace: 1
On market: Mar 23, 2026
Status changed: Apr 16, 2026
Annual tax: $7,965.71
Zoning: Residential
Photos: 28
MLS#: 1029086
Area: VICTORIA

Features and systems

Appliances

WasherRefrigeratorStoveDryer

Heating

Baseboard heatersForced airElectricNatural gasWoodOther

Cooling

None

Lot

Central locationLevel lotSee remarksOtherRectangular

Negative cash flow ~$1,598/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.39%

Cap rate

3.59%

GRM

16.7

Break-even rent

$9,182

Financing

Down payment$300,000

Loan amount$1,200,000

Mortgage$6,080/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$688

Insurance$80

Maintenance$1,250

CapEx reserve$625

Vacancy loss$375

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $6,080/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.