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501 – 550 Michigan St, Victoria

501 – 550 Michigan St, Victoria

Victoria · Condo Apartment · MLS® 971730 · Listed Jul 29, 2024

2
Beds
3
Baths
1,469
Sqft
1,566 sqft
Lot
2
Parking
$975/mo
Strata Fee
2021
Built
Overview

About This Property

Modern Luxury Penthouse at Capitol Park Residences. Attention Retiree(s), Empty Nester(s) & Professionals, this exquisite boutique-style Penthouse boasts an elegant open floor plan, over 1,469 sq. ft. Highest quality Concrete & steel & LEED GOLD Standard Build. A new-like sophisticated & understated bright home, Lrg. windows & 2 balconies. Contemporary gourmet kitchen includes flat panel cabinetry, quartz slab countertops & backsplash & marble-patterned quartz waterfall lrg. Island & integrated Bosh appliances. Spa-like baths -soaker tub, frameless glass shower & in-floor heating in all 3 bathrooms.2 secured U/G parking Elegant wood & glass staircase leads you to the Upper Roof Top Terrace of over 1,043 sq. feet, along with landscaped gardens.Southviews of the Olympic Mtns., facing James Bay mature tree canopies, & some distant ocean glimpses.Premium amenities a Fitness rm.& lrg. lounge & outdoor terrace. Steps to Inner Victoria Harbour & Epitome of Urban refined living at its best!

Capital Park condo building, 550 Michigan StIn this buildingCapital Park550 Michigan St & 530 Michigan St, Victoria, BC113units5floors2021built1 Cat1 DogBicycle StorageDog AreaEV ChargingView building directory & all units
Property Details

Features & Details

Property TypeCondo Apartment
Bedrooms2
Bathrooms3
Interior1,469 sqft
Lot Size1,566 sqft
Lot FeaturesIrregular Lot, Shopping Nearby
Parking2 spaces
Year Built2021
HeatingElectric, Forced Air, Heat Recovery, Radiant Floor
ExteriorBrick, Steel and Concrete
RoofAsphalt Torch On
FoundationBlock, Concrete Perimeter
FlooringTile, Wood
WaterTo Lot
SewerSewer To Lot
ZoningResidential
Taxes$8,785.12 (2023)
Strata Fee$975/mo
PetsCats OK, Dogs OK
Building Stories5
Parking TypeGuest, Underground
AmenitiesBike Storage, Elevator(s), Fitness Center, Recreation Facilities, Recreation Room, Roof Deck
Strata Fee IncludesWater
ExtrasDishwasher, F/S/W/D, Microwave, Oven Built-In
MLS® #971730
BrokerageRoyal LePage Coast Capital - Oak Bay
Location

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History & Activity

Sold Comparables

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The local market right now

victoria · condo
Seller’s market
$545,000
Median sold
4
Months of supply
39
Avg days to sell

Victoria condo averages, updated daily. See Victoria market stats or full dashboard.

Questions about this property

When did 501 – 550 Michigan St, Victoria sell?

501 – 550 Michigan St, Victoria sold on November 5, 2024, after 99 days on the market.

What did 501 – 550 Michigan St, Victoria sell for?

It sold for $1,800,000 (listed at $1,890,000). Source: BC Assessment (registered sale).

How long was 501 – 550 Michigan St, Victoria on the market?

It was on the market for 99 days, from July 29, 2024 to November 5, 2024.

What kind of home is 501 – 550 Michigan St, Victoria?

A Condo Apartment in Victoria with 2 bedrooms, 3 bathrooms, 1,469 sqft, built in 2021.

Does 501 – 550 Michigan St, Victoria have parking?

It has 2 parking spaces.

How big is the lot at 501 – 550 Michigan St, Victoria?

The lot is 1,566 sqft.

How did the sold price of 501 – 550 Michigan St, Victoria compare to its BC assessment?

501 – 550 Michigan St, Victoria sold for $1,800,000, 2.7% below its BC-assessed value of $1,850,000 (assessed July 1, 2025) — a sale-to-assessment ratio of 97%. Source: BC Assessment.

What is the Victoria real estate market like now?

Victoria is currently a seller's market: median sold price $545,000, 4 months of inventory, homes typically selling in about 39 days.

What other condos are for sale in Victoria?

There are 331 condos for sale in Victoria right now. Browse all Victoria condos for sale to see current listings, updated daily from the MLS® system.

How much do condos cost in Victoria?

The median condo sold price in Victoria is $545,000, based on 931 sales over the past 12 months. The median price per square foot is $690. Compare asking prices across the condos currently for sale in Victoria.

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VREB · Victoria Real Estate Board

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 17, 2026.