5+ Days Ago
Highlights
Pet Friendly
Location
425 Michigan St, Victoria, BC V8V 0H1, CAN|James Bay
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Property Overview
The Cove Townhomes receives a commendable Zumper Expert Rating of 8.9 out of 10, reflecting its strong appeal to renters. With an exceptional price rating of 10 out of 10 and a notable amenities rating of 8 out of 10, it strikes an impressive balance of value and amenities. Additionally, its prime location scores 9 out of 10, enhancing residents' quality of life with access to nearby points of interest, while a trustworthiness rating of 7 out of 10 indicates a commitment to transparency and reliable management.
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
Floor plans
| 2 Bedroom | 2 bed | 1 bath | 1,154 sqft | $3,824 /mo | 1 unit available |
Let's explore this property.
Amenities for The Cove Townhomes
Building
| Cats OK | Dogs OK |
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
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Year built | 2023 |
|---|---|
| Lease terms | 12 months |
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About The Cove Townhomes
Receive 6 Months FREE PARKING When You Sign a New 13 Month Lease Nestled right next to James Bay and Downtown Victoria, The Cove at 425 Michigan Street is a collection of townhomes that offer an elevated rental experience with an array of thoughtful amenities that cater to your active lifestyle. With 198 secure, bicycle parking spots, alongside a bicycle repair station and e-bike charging outlets, embark on scenic rides through Beacon Hill Park and Spiral Beach on the daily. Take a refreshing dip in the pool or relax in the community garden with friends and neighbours. Striking a refined balance between luxury and liveable, the suites at The Cove are designed with timeless finishes and refined features that emulate the tranquility of a coastal oasis. Modern materials flow seamlessly alongside thoughtfully selected colour palettes, maintaining design-forward sophistication throughout the space. Surrounded by oceanside splendor, The Cove's collection of townhomes invites you to rediscover yourself on inspiring new shores. Enhance your lifestyle with our exclusive amenities, including rooftop patios, balconies, and a stunning pool. The Cove will have two Modo vehicles on site, allowing residents to have access to a car without all the hassles of owning one. Contact us to learn more and reserve a free Modo membership with your new townhome. Limited memberships are available. *Terms and conditions apply. To be eligible, you must be a new resident and sign a lease for the specified lease term. The offer is not applicable for those who transfer within the Devon Properties portfolio. This is a one-time offer and may be withdrawn or extended at any time by Devon Properties Ltd. Offers, benefits and services are subject to change and are not an essential, required, or ancillary service provided by the Landlord.
Year Built: 2023
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, The Cove Townhomes is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, The Cove Townhomes 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.
The Cove Townhomes 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·8A 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.
With multiple in-demand amenities, The Cove Townhomes is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The Cove Townhomes 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·9A 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.
The Cove Townhomes has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
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.
The Cove Townhomes 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 The Cove Townhomes compares to other nearby properties.
Positives
- More space
- The 2-bedroom is 211 sqft larger than other listings nearby
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Rent trends in James Bay
2-bedroom apartments at The Cove Townhomes cost about 54% more than the average rent price for 2-bedroom apartments in James Bay.
Median rents as of Jan 24 2026.
James Bay
Victoria
| Month | Median Rent |
|---|---|
| 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 | $1,793 |
| September 2025 | $1,791 |
| October 2025 | $1,781 |
| November 2025 | $1,692 |
| December 2025 | $1,699 |
| January 2026 | $1,717 |
| Month | Median Rent |
|---|---|
| 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 | $1,774 |
| September 2025 | $1,787 |
| October 2025 | $1,786 |
| November 2025 | $1,712 |
| December 2025 | $1,648 |
| January 2026 | $1,627 |
Affordability calculator
Can I afford to live at 425 Michigan St?
Bedrooms
2 bedroomsRent-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
$152,960/yr
With your selected rent-to-income ratio, you'd ideally want to make $152,960 annually to afford this 2-bedrooms monthly rent price of $3,824.
For more information on rent affordability, visit our rent calculator.
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Internet available near The Cove Townhomes
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 425 Michigan 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.
Cycling
8/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
6/10
Popular public transit options are just a short walk from this location.
Points of interest for 425 Michigan St, Victoria
Groceries
9/10
At least one grocery store within a few minutes' walk
Shopping
7/10
Variety of shops within walking distance
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 10-minute walk
High schools
6/10
At least one high school within a 20-minute walk
Parks
10/10
Very large amount of park space within a few minutes' walk
Nightlife
4/10
Some bars within walking distance
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