Set in the charming Old Town district, Mermaid Wharf offers an incredible view of one of the busiest harbours in Canada. Many units offer views of the Olympic Mountains and Sooke Hills. Mermaid Wharf is moments away from theatre, live bands, dance clubs, and close the hub of Victoria’s urban life. Residents also enjoy Victoria’s mild climate and beautiful sunsets from the privacy of the rooftop patio which features a common barbeque and entertainment area. Secure, underground parking is also available.
Victoria’s Downtown is the most rapidly growing neighbourhood in the city. New residents of all ages are attracted to the area’s rich historic character and its vibrant waterfront. The downtown has a thriving arts, culture and entertainment district combined with an impressive variety of dining and shopping choices, all within easy walking distance. The Royal BC Museum and Chinatown (Canada’s oldest) are perennial attractions for visitors and residents alike. The neighbourhood also hosts celebrated landmarks like the Empress Hotel, provincial Parliament Buildings and the Royal and McPherson Theatres.
Parks
The Downtown neighbourhood has green space along the waterfront, which includes Reeson Park near the Johnson Street Bridge. Cridge Park is located to the south, next to the downtown Lawn Bowling Club and Crystal Garden and near the entrance to Beacon Hill Park. Centennial Square, situated next to Victoria’s historic City Hall, is the downtown’s primary venue for events.
Schools
Chinese Public School (Chinese language and cultural classes for children and adults)
Victoria Conservatory of Music
Victoria Academy of Ballet
Victoria School of Contemporary Dance
Pacific Design Academy
Over 15 English language schools
Gardens & Markets
The Yates Street Community Garden is operated by the Downtown Residents Association
Bastion Square Public Market runs Thursdays to Sundays between May and end of September
Ship Point Night Market operates Friday and Saturday evenings from mid June to mid September.
Experience affordable waterfront living in the heart of Victoria’s historic downtown at Mermaid Wharf. This well-maintained steel-and-concrete building offers a peaceful atmosphere while placing you steps from the Inner Harbour, restaurants, cafés, shops, and local favourites including Craft Beer Market and Malabar Café. This bright studio features soaring 9-foot ceilings, large windows, and an efficient open-concept layout filled with natural light. The inviting living space includes a cozy fireplace, laminate flooring, and a functional design that maximizes comfort and convenience. Enjoy access to the spectacular rooftop terrace with BBQ facilities and panoramic harbour views, perfect for relaxing or entertaining. Pet-friendly and ideally located in one of Victoria’s most walkable neighbourhoods, this is an outstanding opportunity for first-time buyers, students, investors, or anyone seeking an affordable downtown waterfront lifestyle.
Data was last updated June 28, 2026 at 02:05 AM (UTC)
Area Statistics
Listings on market:
239
Avg list price:
$529,000
Min list price:
$49,900
Max list price:
$2,900,000
Avg days on market:
53
Min days on market:
1
Max days on market:
470
Avg price per sq.ft.:
$765.52
These statistics are generated based on the current listing's property type
and located in
Vi Downtown. Average values are
derived using median calculations. This data is not produced by
the MLS® system.