410 Michigan Street presents a rare opportunity to acquire a seven-unit walk-up apartment building in Victoria’s highly desirable James Bay neighborhood. This property offers exceptional proximity to the Inner Harbour and James Bay Square, providing residents with convenient access to grocery stores, pharmacies, parks, and public transit. The building consists of two two-bedroom units, four one-bedroom units, and one bachelor suite, all with separate hot water tanks and individually metered hydro. Recent upgrades include double-glazed vinyl windows, enhancing energy efficiency and tenant comfort. The property features a paved rear parking lot with seven surface stalls and an additional covered parking structure. Designated as “Urban Residential” under the City of Victoria’s Official Community Plan, the site offers long-term redevelopment potential for mid-rise, multi-unit buildings up to six storeys with an allowable density of up to 2:1 FSR. This makes 410 Michigan Street an attractive investment for both stable income and future development upside.