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Mermaid Wharf

Mermaid Wharf

409 Swift ST, Vi Downtown
98 Units | 5 Storeys | Built 2000

Mermaid Wharf is an iconic 5-storey steel and concrete waterfront building situated at 409 Swift Street in Victoria's historic Old Town. Completed in 2000 by the Limona Group, the development features 98 modern industrial-style units with 9-foot ceilings, gas fireplaces, and large windows overlooking the Upper Harbour. It is one of the few buildings in Victoria with zoning that permits short-term vacation rentals, making it a highly sought-after destination for both residents and investors.

Description

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About the Neighbourhood

Victoria’s Downtown is the vibrant heart of British Columbia’s capital city, blending historic charm with modern urban energy. It is the city’s most rapidly growing neighbourhood, attracting new residents of all ages to its mix of heritage architecture, bustling waterfront, and thriving cultural scene. With scenic harbour views and tree-lined streets, downtown Victoria offers a dynamic urban lifestyle while remaining walkable and accessible.

The area boasts a rich arts, culture, and entertainment district, featuring galleries, theatres, live music venues, and festivals throughout the year. Residents and visitors enjoy an impressive variety of dining, shopping, and service options, all within convenient walking distance. Historic and iconic landmarks, such as the Royal BC Museum, the Fairmont Empress Hotel, the provincial Parliament Buildings, and Canada’s oldest Chinatown, provide both character and a strong sense of place. The Royal and McPherson Theatres further enhance the city’s reputation as a hub for the performing arts.

Downtown Victoria’s waterfront plays a central role in community life, offering promenades, marinas, and public spaces that encourage outdoor recreation and social engagement. The combination of rich history, vibrant culture, and urban amenities makes downtown Victoria a highly desirable neighbourhood for residents who value both convenience and quality of life.

Today, Victoria continues to grow while maintaining its unique blend of heritage, modern development, and coastal beauty, making it a welcoming and dynamic place to live, work, and explore.

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.

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  • #419 409 Swift St in Victoria: Vi Downtown Condo for sale : MLS®# 1026790

    #419 409 Swift St Vi Downtown Victoria V8W 1S2
    Main Photo: #419 409 Swift St in Victoria: Vi Downtown Condo for sale : MLS®# 1026790
    $349,900
    Residential
    Status:
    Active
    MLS® Num:
    1026790
    Bathrooms:
    1
    Floor Area:
    380 sq. ft.
    Enjoy waterfront living in the heart of downtown at Mermaid Wharf. This turn-key bachelor suite offers beautiful ocean and harbour views and an efficient, open layout that makes the most of the space. The unit is well maintained and includes in-suite laundry, making it an ideal option for a first-time buyer, investor, or someone seeking a low-maintenance downtown lifestyle. Step outside and you’re immediately connected to Victoria’s Inner Harbour, the seawall pathway, Chinatown, Old Town, restaurants, cafés, and shopping. Kayak from your doorstep or bike along dedicated paths throughout the city. Mermaid Wharf also features a rooftop patio with panoramic views of the harbour and Olympic Mountains — a perfect place to relax or entertain. A smart opportunity in a prime waterfront location. More details
    Listed by The Agency
    LEBLANC GROUP
  • #117 409 Swift St in Victoria: Vi Downtown Condo for sale : MLS®# 1031353

    #117 409 Swift St Vi Downtown Victoria V8W 1S2
    Main Photo: #117 409 Swift St in Victoria: Vi Downtown Condo for sale : MLS®# 1031353
    $469,000
    Residential
    Status:
    Active
    MLS® Num:
    1031353
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    524 sq. ft.
    Welcome to Mermaid Wharf, a sought-after steel & concrete waterfront building in the heart of Old Town! This bright & airy 1-bedroom, 1-bathroom condo boasts floor-to-ceiling windows, an open-concept layout & a sunny private north-facing patio with Ocean views. Enjoy the warmth of the gas fireplace in the combined liv & din space, complemented by beautiful brand-new murphy bed. The kitchen includes all appl, & in-suite laundry adds convenience. Secure underground parking with storage & a sep storage locker provide peace of mind. Take in stunning views from the shared rooftop patio with a BBQ, perfect for summer evenings & fireworks. With bike & kayak storage (with its own kayak dock in front of the building), plus no rental or pet restrictions, this is an ideal live-work space. Steps to Craft restaurant for some amazing food & a bevy & minutes to the Inner Harbour, shops, galleries, & world-class dining, this vibrant location lets you embrace the best of Victoria. More details
    Listed by Royal LePage Coast Capital - Oak Bay
    LEBLANC GROUP
  • #219 409 Swift St in Victoria: Vi Downtown Condo for sale : MLS®# 1038727

    #219 409 Swift St Vi Downtown Victoria V8W 1S2
    Main Photo: #219 409 Swift St in Victoria: Vi Downtown Condo for sale : MLS®# 1038727
    $339,000
    Residential
    Status:
    Active
    MLS® Num:
    1038727
    Bathrooms:
    1
    Floor Area:
    360 sq. ft.
    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. More details
    Listed by Royal LePage Coast Capital - Chatterton
    LEBLANC GROUP
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Data was last updated June 27, 2026 at 10:05 PM (UTC)
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