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40 Government St, Victoria
James Bay · Single Family Residence · MLS® 1052892 · Listed Oct 23, 2026
Steps from stunning Dallas Road waterfront, this gorgeous heritage-designated James Bay home offers a rare choice: two one-bedroom residences with non-strata duplex status at 40/42 Government, or a generous single-family home with potential for 3 bedrooms (one currently a sitting room) plus a studio/flex space, or 4 bedrooms by repurposing the upper kitchen. Ideal for rental income, multigenerational living or one big, beautiful home - so many options! Original fir floors, graceful staircase, spacious light-filled rooms & enclosed sunroom preserve its enduring character. Substantial improvements include beautiful new main-floor kitchen & bath, 2018 roof, heat pump, on-demand hot water & attic vermiculite removal & 240V outlet for EV in driveway! Peaceful back garden enhances a 5,600 sqft lot, while 1,368 sqft of unfinished basement provides storage & utility space. Beacon Hill Park, Ogden Point & the Inner Harbour are just a short stroll away. This isn't just a home, it's a lifestyle!
| Property Type | Single Family Residence |
| Bedrooms | 3 |
| Bathrooms | 3 |
| Interior | 2,370 sqft |
| Lot Size | 5,600 sqft (0.13 acres) |
| Lot Features | Level, Private, Rectangular Lot |
| Parking | 1 space |
| Year Built | 1906 |
| Fireplaces | 1 |
| Heating | Electric, Forced Air, Heat Pump |
| Basement | Full, Unfinished |
| Exterior | Frame Wood, Wood |
| Roof | Fibreglass Shingle |
| Foundation | Concrete Perimeter |
| Flooring | Softwood, Vinyl |
| Water | Municipal |
| Sewer | Sewer Connected |
| Zoning | Residential |
| Taxes | $8,117.01 (2026) |
| Laundry | In House |
| MLS® # | 1052892 |
| Brokerage | Pemberton Holmes Ltd. - Oak Bay |
For sale now at $1,488,000.
No registered sales on file yet.
Sources: MLS® (current listing and 8X deals), BC Assessment / Land Title, used under licence. Days on market are per listing. Terms of Use.
Similar properties sold within 6 months
22 sales in James Bay in the last 12 months — sold prices, dates and days on market for the closest recent sales. Free with an 8X account; board rules require the sign-in.
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22 sales in James Bay in the last 12 months — sold prices, dates and days on market for the closest recent sales. Free with an 8X account; board rules require the sign-in.
free account · one email · no obligation · already a member? log in
James Bay single-family averages, updated daily. See James Bay market stats or Victoria market stats.
It is listed at $1,488,000.
A Single Family Residence in James Bay, Victoria with 3 bedrooms, 3 bathrooms, 2,370 sqft, built in 1906.
It has 1 parking space (Driveway, On Street).
The lot is 5,600 sqft (0.13 acres).
Victoria is currently a seller's market: median sold price $1,461,250, 3.4 months of inventory, homes typically selling in about 40 days.
There are 9 houses for sale in James Bay right now. Browse all James Bay houses for sale to see current listings, updated daily from the MLS® system.
The median house sold price in James Bay is $1,461,250, based on 22 sales over the past 12 months. The median price per square foot is $691. Compare asking prices across the houses currently for sale in James Bay.
NOTE: 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. Data last updated: Oct 27, 2026.
