The Sovereign makes a subtle, yet striking statement in the architecture of Old Town Victoria. Finishes are handsome limestone, brick and black granite, striking a balance that both blends into the street and makes a statement.
Lobbies are a building’s first social space and its welcome home: The Sovereign’s lobby has a sparkling Caboche Grande chandelier, an original oil painting, coffered ceilings, custom millwork and, recessed into a stone surround, a fireplace. The buildings’ interiors are a masterful mix of the modern with a warmth and character that befits the City’s most storied neighbourhood.
Chard’s collaboration with Victoria’s family-owned Farmer Construction dates from our first Victoria project and we are proud that Farmer, known for their quality and integrity, have built The Sovereign to the very highest standards.
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.
Two blocks from the Inner Harbour and steps from Government Street, the Empress, and the Union Club, the Sovereign is a stylish boutique address in the vibrant heart of Victoria. Unit 505 sits on the quiet west side of the building, with a big private patio that’s a real extension of living space, not a neglected add-on. Open-concept floor plan, expansive windows, walk-in closet, soaker tub, in-suite laundry, and air conditioning round out the appeal. Secure underground parking and two storage lockers included. The rooftop patio is the best in the city: gas fireplace, outdoor kitchen, and an unobstructed view of the Inner Harbour. Perfect for young professionals or anyone looking for an attractive home in the nicest part of Downtown.
Data was last updated July 10, 2026 at 12:05 PM (UTC)
Area Statistics
Listings on market:
229
Avg list price:
$539,000
Min list price:
$49,900
Max list price:
$2,900,000
Avg days on market:
52
Min days on market:
1
Max days on market:
483
Avg price per sq.ft.:
$764.37
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.