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 & EV charger in driveway! A peaceful back garden enhances the 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!
For sale
C$1,488,000
40 Government St, Victoria, BC V8V 2K3
3beds
3baths
2,370sqft
Single Family Residence
Built in 1906
5,662 Square Feet Lot
$-- Zestimate®
C$628/sqft
C$-- HOA
What's special
Original fir floorsGraceful staircaseSpacious light-filled roomsEnclosed sunroomBeautiful new main-floor kitchenHeat pumpOn-demand hot water
- 1 day
- 86
- 12
Zillow last checked:
Listing updated:
Listed by:
Cheryl Nelson,
Pemberton Holmes Ltd. - Oak Bay
Source: VIVA,MLS®#: 1052892
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 1
Kitchen
- Level: Main,Second
Heating
- Electric, Forced Air, Heat Pump
Cooling
- HVAC
Appliances
- Laundry: Inside
Features
- Dining Room, Eating Area
- Flooring: Softwood, Vinyl
- Windows: Wood Frames
- Basement: Full,Unfinished
- Number of fireplaces: 1
- Fireplace features: Living Room
Interior area
- Total structure area: 3,830
- Total interior livable area: 2,370 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Driveway, On Street
- Has uncovered spaces: Yes
Features
- Levels: 2
- Entry location: Main Level
- Patio & porch: Balcony/Deck
- Exterior features: Low Maintenance Yard
- Fencing: Partial
Lot
- Size: 5,662 Square Feet
- Features: Level, Private, Rectangular Lot
Details
- Parcel number: 000689807
- Zoning: GRD-1 (PGA)
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Character,Heritage
- Property subtype: Single Family Residence
Materials
- Frame Wood, Wood Siding
- Foundation: Concrete Perimeter
- Roof: Fibreglass Shingle
Condition
- Resale
- New construction: No
- Year built: 1906
Utilities & green energy
- Water: Municipal
Community & HOA
Location
- Region: Victoria
Financial & listing details
- Price per square foot: C$628/sqft
- Tax assessed value: C$1,428,000
- Annual tax amount: C$8,117
- Date on market: 10/24/2026
- Listing terms: Purchaser To Finance
- Ownership: Freehold
Price history
| Date | Event | Price |
|---|---|---|
| 10/24/2026 | Listed for sale | C$1,488,000C$628/sqft |
Source: VIVA #1052892 Report a problem | ||
Public tax history
Tax history is unavailable.
Climate risks
Neighborhood: James Bay
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