1256 Walnut St, Victoria
Fernwood · Single Family Residence · MLS® 1035022 · Listed May 7, 2026
Unlock the dual advantage: live, rent, and/or build. This solid 3-bed, 1-bath bungalow in Fernwood delivers a lovely home while positioning you for future redevelopment. Recent upgrades — 200-amp panel, vinyl windows, heat pump, gas fireplace — make it move in ready now. The detached workshop/garage (built 2011) adds flexibility for parking, storage, and more! Set on a large 6,057 sq ft lot with generous frontage and multiple parking spots, this property is a diamond-in-the-rough for developers and priced well below assessed value. Whether you’re planning a renovation, infill home, or multifamily, you can hold and generate cash flow in the meantime. Nestled steps from Fernwood Square’s cafés, theatres, parks, and within minutes to downtown, this is rare strategic real estate — a value play today with significant upside for tomorrow.
| Property Type | Single Family Residence |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Interior | 1,208 sqft |
| Lot Size | 6,057 sqft (0.14 acres) |
| Parking | 8 spaces (3 garage) |
| Year Built | 1938 |
| Fireplaces | 1 |
| Heating | Heat Pump |
| Basement | Unfinished |
| Exterior | Frame Wood, Insulation: Ceiling, Insulation: Walls, Stucco |
| Roof | Asphalt Shingle |
| Foundation | Concrete Perimeter, Stone |
| Water | Municipal |
| Sewer | Sewer Connected |
| Zoning | Residential |
| Taxes | $5,208.55 (2025) |
| Extras | Dryer, Oven/Range Electric, Refrigerator, Washer |
| MLS® # | 1035022 |
| Brokerage | RE/MAX Camosun |
Similar properties sold within 6 months
Fernwood single-family averages, updated daily. See Fernwood market stats or Victoria market stats.
1256 Walnut St, Victoria sold on May 10, 2026, after 3 days on the market.
It sold for $785,000 (listed at $799,999). Source: BC Assessment (registered sale).
It was on the market for 3 days, from May 7, 2026 to May 10, 2026.
A Single Family Residence in Fernwood, Victoria with 3 bedrooms, 1 bathrooms, 1,208 sqft, built in 1938.
It has 5 parking spaces.
The lot is 6,057 sqft (0.14 acres).
1256 Walnut St, Victoria sold for $785,000, 20.1% below its BC-assessed value of $982,000 (assessed July 1, 2025) — a sale-to-assessment ratio of 80%. Source: BC Assessment.
Victoria is currently a seller's market: median sold price $1,100,000, 1.4 months of inventory, homes typically selling in about 33 days.
There are 5 houses for sale in Fernwood right now. Browse all Fernwood houses for sale to see current listings, updated daily from the MLS® system.
The median house sold price in Fernwood is $1,100,000, based on 55 sales over the past 12 months. The median price per square foot is $616. Compare asking prices across the houses currently for sale in Fernwood.
MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. Data last updated: Aug 15, 2026.
