2 Days Ago
Highlights
New Construction
Pet Friendly
Location
565 Toronto St, Victoria, BC V8V 1P1, CAN|James Bay
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Property Overview
565 Residences enjoys a strong Zumper expert rating of 8.9, indicating it as a favorable choice for renters. The property stands out with competitive pricing, an excellent amenities rating of 9, and a prime location also rated 9, all contributing to an enhanced living experience. Additionally, a solid quality rating of 8 and a trustworthiness rating of 7 reflect transparency, providing renters with confidence in their choice.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space- Images Available
Floor plans
| 1 Bedroom 1 Bathroom | 1 bed | 1 bath | 435 sqft | $2,150 /mo | 1 unit available | ||
| 2 Bedroom 1 Bathroom | 2 bed | 1 bath | 645 sqft | $2,899 /mo | 1 unit available |
Let's explore this property.
Amenities for 565 Residences
Apartment Amenities
| Resident Storage |
Building
| Cats OK | Dogs OK |
| Elevator | Entry Phone System |
| Non-Smoking |
Grounds
| Assigned Parking | Garage Parking |
| Storage |
Neighborhood
| Close Proximity to Downtown |
Other
| New Development |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Dog policy
| Allowed | Â |
|---|
Cat policy
| Allowed | Â |
|---|
Contact for more information on pet policy.
Parking
| Assigned Parking | Contact for Price |
|---|---|
| Garage Parking | Contact for Price |
Building details
Property details
| Year built | 2024 |
|---|---|
| Lease terms | 12 months |
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About 565 Residences
565 Residences, at 565 Toronto Street puts you right in the heart of vibrant James Bay, Victoria. This new four-storey development includes 24 rental residences offering junior one-, one +den-, two- and two-bedrooms + den suites. All residences are pet-friendly, offering a modern design with open-concept kitchens and stainless-steel appliances. The rooms are bright with large windows providing an abundance of natural light and spacious balconies. The 2-piece bathroom offers beautiful walk-in showers with high-quality bathroom fixtures and finishes. 565 Residences is situated in James Bay, one of Victoria’s most desirable residential neighbourhoods. 565 Residences is conveniently located just steps away from Beacon Hill Park and Dallas Road. Enjoy all local amenities within walking distance, including local retail amenities, restaurants, and a Thrifty Foods.
Year Built: 2024
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.9
/10
Very GoodWith a solid 8.9 out of 10 overall, 565 Residences is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 565 Residences has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
565 Residences offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
565 Residences goes above and beyond to provide sought-after conveniences and desirable perks, including assigned parking. Renters looking for popular or luxurious features will find them here—and for that reason, 565 Residences receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
565 Residences is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·8A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
Anyone looking for quality at a great value will find 565 Residences to be an attractive option. Renters can also rely on this rental to provide them with accurate information they need to find the living experience they desire.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
565 Residences provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 565 Residences compares to other nearby properties.
Positives
- More space
- The 1-bedroom is 0.0 sqft larger than other listings nearby
- Images Available
- There are at least 10 photos of this address
Considerations
- Priced higher than average
- 1-bedrooms are $25 more than the median rent in this area
- Priced higher than average
- 2-bedrooms are $12 more than the median rent in this area
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Rent trends in James Bay
1-bedroom apartments here are priced 2% higher than 1-bedrooms in James Bay.
If you decide to upgrade your space, you can expect 2-bedrooms at 565 Residences to be 8% more than the average for similarly sized apartments in James Bay.
Median rents as of Aug 30 2025.
James Bay
Victoria
| Month | Median Rent |
|---|---|
| September 2023 | $1,799 |
| October 2023 | $1,812 |
| November 2023 | $1,773 |
| December 2023 | $1,796 |
| January 2024 | $1,787 |
| February 2024 | $1,849 |
| March 2024 | $1,842 |
| April 2024 | $1,844 |
| May 2024 | $1,865 |
| June 2024 | $1,822 |
| July 2024 | $1,833 |
| August 2024 | $1,805 |
| September 2024 | $1,835 |
| October 2024 | $1,826 |
| November 2024 | $1,796 |
| December 2024 | $1,790 |
| January 2025 | $1,757 |
| February 2025 | $1,763 |
| March 2025 | $1,763 |
| April 2025 | $1,786 |
| May 2025 | $1,834 |
| June 2025 | $1,849 |
| July 2025 | $1,849 |
| August 2025 | $1,796 |
| Month | Median Rent |
|---|---|
| September 2023 | $1,720 |
| October 2023 | $1,702 |
| November 2023 | $1,756 |
| December 2023 | $1,810 |
| January 2024 | $1,792 |
| February 2024 | $1,799 |
| March 2024 | $1,786 |
| April 2024 | $1,808 |
| May 2024 | $1,782 |
| June 2024 | $1,747 |
| July 2024 | $1,859 |
| August 2024 | $1,834 |
| September 2024 | $1,825 |
| October 2024 | $1,791 |
| November 2024 | $1,777 |
| December 2024 | $1,775 |
| January 2025 | $1,730 |
| February 2025 | $1,706 |
| March 2025 | $1,718 |
| April 2025 | $1,784 |
| May 2025 | $1,824 |
| June 2025 | $1,849 |
| July 2025 | $1,820 |
| August 2025 | $1,772 |
Affordability calculator
Can I afford to live at 565 Toronto St?
Bedrooms
Rent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$86,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $86,000 annually to afford this 1-bedroom monthly rent price of $2,150.
For more information on rent affordability, visit our rent calculator.
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Internet available near 565 Residences
Neighborhood
James Bay | Victoria, BC
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Victoria near 565 Toronto St
Walking
9/10
No car? No problem. Everything you need is within a few blocks.
Driving
4/10
This area is accessible to thoroughfares and has ample parking options.
Transit
6/10
Frequent public transit options are within walking distance.
Points of interest for 565 Toronto St, Victoria
Groceries
9/10
At least one grocery store within a few minutes' walk
Shopping
8/10
Variety of shops within a few minutes' walk
Cafes
6/10
Some cafés within walking distance
Restaurants
7/10
Variety of restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
6/10
At least one high school within a 20-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
4/10
Few or no bars within walking distance
Explore the area around 565 Toronto St
Birdcage Confectionary
501 Government St
Red Barn Market
395 Menzies St
BC Healthy Communities Society
525 Government St
Don's Food Market
99 Menzies St
Little Gem Grocery
148 Superior St
Runway Fashions
702 Douglas St
Designers International
721 Government St
Fifth Avenue Holdings Ltd
721 Government St
Capucine Designs
517 Quadra St
lululemon
801 Wharf St
Starbucks
425 Simcoe St
Good Earth Coffeehouse
535 Superior St
Starbucks
470 Belleville St
Liberty Cafe
708 Douglas St
Empire Fries Chicken & Donuts
230 Cook St
Belleville Watering Hole
427 Belleville St
Q at the Empress
721 Government St
Sunset Sips
721 Government St
Milestones
812 Wharf St
Clive's Classic Lounge
740 Burdett Ave
Bubby Roses Bakery
225 Menzies St
BeaverTails
602 Broughton St
Bon Macaron Patisserie Ltd
1012 Broad St
Lifestyle Markets
343 Cook St
Finest at Sea Seafood Boutique
27 Erie St
James Bay Playground
South Park
Bc Legislature Grounds
Lewis Park
Helmcken House
Jbi Restaurant
270 Government St
The Bent Mast
512 Simcoe St
Subway
239 Menzies St
Sushi Matsuri
239 Menzies St
James Bay Fish & Chips
211 Menzies St
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