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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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  • #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
  • #117 409 Swift St in Victoria: Vi Downtown Condo for sale : MLS®# 1043002

    #117 409 Swift St Vi Downtown Victoria V8W 1S2
    Main Photo: #117 409 Swift St in Victoria: Vi Downtown Condo for sale : MLS®# 1043002
    $449,900
    Residential
    Status:
    Active
    MLS® Num:
    1043002
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    628 sq. ft.
    Rare walk out patio at Mermaid Wharf, one of Old Town Victoria’s best waterfront condos. This thoughtfully designed 1-bedroom, 1-bathroom condo offers a bright open-concept layout with floor-to-ceiling windows, abundant natural light, and a private north-facing patio with water views. Access your condo from your secured patio for easy walks into town without elevators and common areas. The inviting living area features a gas fireplace and a new Murphy bed, blending comfort and functionality. In-suite laundry adds convenience. Enjoy secure underground parking, a separate storage locker, bike and kayak storage, plus a private kayak dock. Take in stunning views from the rooftop patio with BBQ facilities, perfect for relaxing or entertaining. With no rental or pet restrictions, this versatile home is ideal for homeowners, investors, or those seeking a vibrant downtown lifestyle. Steps to restaurants, galleries, shops, and the Inner Harbour. More details
    Listed by RE/MAX Camosun
    LEBLANC GROUP
  • #206 409 Swift St in Victoria: Vi Downtown Condo for sale : MLS®# 1044558

    #206 409 Swift St Vi Downtown Victoria V8W 1S2
    Main Photo: #206 409 Swift St in Victoria: Vi Downtown Condo for sale : MLS®# 1044558
    $599,000
    Residential
    Status:
    Active
    MLS® Num:
    1044558
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    631 sq. ft.
    Experience the very best of downtown Victoria in this southwest-facing corner suite nestled in a sought-after steel and concrete building. This thoughtfully designed 1-bedroom, 1-bathroom home offers an exceptional open-concept floor plan with high ceilings, abundant natural light, laminate and tile flooring, and a stylish kitchen featuring stainless steel appliances. Step onto your private west-facing balcony and take in breathtaking harbour views, spectacular sunsets, and the sparkling city skyline by night. Located in a quiet, well-managed strata, this home also includes secure underground parking and access to an incredible rooftop patio. Situated in the heart of Old Town, you’ll enjoy the ultimate walkable lifestyle with Victoria’s renowned restaurants, cafés, boutique shops, the Inner Harbour, waterfront pathways, and vibrant nightlife just steps from your front door. Whether you’re looking for the perfect home, or investment opportunity, this is Victoria living at its best! More details
    Listed by RE/MAX Generation
    LEBLANC GROUP
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Data was last updated August 14, 2026 at 08:05 PM (UTC)
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