40 Government St
Victoria
V8V 2K3
$1,488,000
Residential
beds: 3
baths: 3.0
2,370 sq. ft.
built: 1906
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 1052892
- Bedrooms:
- 3
- Bathrooms:
- 3
- Year Built:
- 1906
- Photos (70)
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Steps from the 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 even 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. A peaceful back garden enhances the 5,600 sqft lot, while approx. 1,368 sqft of unfinished basement provides storage & utility space. Beacon Hill Park, Ogden Point & the Inner Harbour are all just a short stroll away. This isn't just a home, it's a lifestyle!
- Property Type:
- Residential
- Type:
- Single Family Residence
- Year built:
- 1906 (Age: 120)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 2,370 sq. ft.
- Listing General Location:
- Vi James Bay, Victoria
- Bedrooms:
- 3
- Bathrooms:
- 3.0 (Full:-/Half:-)
- Lot Size:
- 5,600 sq. ft.
- Lot Details:
- 50 ft wide x 112 ft deep
- Kitchens:
- 2
- Home Style:
- Character, Heritage
- Taxes:
- Signup
- Construction:
- Frame Wood, Wood
- New Construction:
- No
- Basement:
- Full, Unfinished
- Foundation:
- Concrete Perimeter
- Roof:
- Fibreglass Shingle
- Levels:
- 2
- Ceiling Heights:
- Signup
- Floor finish:
- Softwood, Vinyl
- Total Building Area:
- 3,830 sq. ft.
- Total Unfinished Area:
- 1,460 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 3
- # Main Level Bedrooms:
- 1
- # Second Level Bedrooms:
- 2
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 1
- # Second Level Bathrooms:
- 2
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 0
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 1
- # Second Level Kitchens:
- 1
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 1,368 sq. ft.
- Living Area Main Floor:
- 1,403 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 967 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 1
- Fireplace Details:
- Living Room
- Laundry Features:
- In House
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Cooling:
- HVAC
- Heating:
- Electric, Forced Air, Heat Pump
- Fireplace:
- Yes
- Pending Date:
- Signup
- Dining Room, Eating Area
- Wood Frames
- Balcony/Deck, Fencing: Partial, Low Maintenance Yard
- One half block from Dallas Rd.
- Main Level
- 0
- Yes
- No
- Unrestricted
- Floor
- Type
- Size
- Other
- Floor
- Ensuite
- Pieces
- Other
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 1
- Number of 3 piece baths:
- 0
- Number of 4 piece baths:
- 1
- 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:
- Owner
- Property Condition:
- Resale
- Exposure / Faces:
- East
- Layout:
- Main Level Entry with Lower/Upper Lvl(s)
- Lot Site Features:
- Level, Private, Rectangular Lot
- Attached Garage:
- No
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Driveway, On Street
- Total Parking Spaces:
- 1
- Common Parking Spaces:
- 0
- Total Units:
- Signup
- Date Listed:
- Oct 23, 2026
- Original Price:
- 1488000.0
-
A beautiful James Bay original, rich in heritage character and just moments from the Dallas Road waterfront. -
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Listed by Pemberton Holmes Ltd. - Oak Bay
Data was last updated October 24, 2026 at 10:05 AM (UTC)
Area Statistics
- Listings on market:
- 87
- Avg list price:
- $829,000
- Min list price:
- $145,000
- Max list price:
- $3,200,000
- Avg days on market:
- 59
- Min days on market:
- 2
- Max days on market:
- 731
- Avg price per sq.ft.:
- $670.64
These statistics are generated based on the current listing's property type
and located in
Vi James Bay. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- Jerome Peacock
- Pemberton Holmes Real Estate
- 250-888-0326
- jerome@peacockrealestate.ca
805 Cloverdale Ave #150
Victoria, British Columbia V8X 2S9