2517 Asquith St, Victoria
Courtesy of RE/MAX Sabre Realty Group
Real Estate Company
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About these figures: the map and the listings on this page show Fernwood detached houses only. There are too few detached houses for a separate report, so the six statistics describe the whole Fernwood market.
Search character houses for sale in Fernwood, Victoria: Victorian and Edwardian homes on tree-lined streets near Fernwood Square and the Belfry Theatre, a short walk from downtown, many with suites.
About 12 Fernwood houses were for sale in early October 2026, from roughly $750,000 to $1.75 million. The average asking price was about $1.08 million, for a house averaging three bedrooms and around 1,950 square feet, most built in the early 1900s with a few newer homes.
These are the character homes that define Fernwood, close to the village and downtown. The Fernwood market report shows the wider market, since there are too few houses for a separate report.
Most Fernwood houses are Victorian and Edwardian homes from about 1905 to 1925.
Many houses include a legal or conversion suite, reflecting the area's history.
Homes are a short walk from Fernwood Square, the Belfry and downtown.
Pembroke, Gladstone, Grant and Camosun carry Fernwood's distinctive streetscapes.
The 12 houses for sale in early October ranged from a modest two-bedroom cottage around $750,000 to larger renovated or newer homes up to about $1.75 million, with most between roughly $900,000 and $1.35 million. Living area clustered around 1,300 to 2,700 square feet, often over two or three storeys, and years built were mostly 1909 to 1925, with occasional newer infill. The differences that matter here are condition, the quality of any renovation, and whether a suite is legal.
For a buyer who wants genuine character within walking distance of downtown, Fernwood houses are among the most distinctive homes in the city.
Fernwood is one of Victoria's heritage strongholds, and many houses keep original fir floors, trim, leaded glass and period layouts. Some are formally recognized or protected for their heritage value. That character is the draw, but it comes with responsibilities: understand any designation before planning changes, and remember that windows, exterior detail and layout may be constrained. A knowledgeable inspection and a realistic renovation budget are essential.
A hundred-year-old house can be a wonderful home, but it needs eyes open. Budget for the systems that age: knob-and-tube or older wiring, galvanized or cast-iron plumbing, the foundation, insulation, the roof and any oil tank. Get a thorough inspection and, where needed, specialist advice. The homes that have been carefully updated while keeping their character command a premium, and they are worth it for the right buyer.
Fernwood has a long history of suites and multi-family living, and many houses include a self-contained suite or the space to add one. Income from a suite can help with qualification, but confirm that it is legal and permitted at that address and that it meets current standards. Some houses are set up as true up-down duplexes or have more than one suite, which changes both the value and the way the home lives.
Most Fernwood houses are two- or three-storey homes on relatively compact city lots, with the main living areas on the entry level, bedrooms above, and often a basement or lower-level suite. Layouts reflect their era, with more separate rooms than an open-plan new build. Look at how the levels and rooms suit your household, the state of the basement, and the usable outdoor space, which varies widely from lot to lot.
Across the detached listings the average worked out around $600 per square foot, reflecting the desirability of character homes close to downtown. Price per square foot is only a rough guide here, since a carefully restored home, a legal suite and a good lot can all justify paying well above the raw number, while a house needing work will sit below it.
The typical buyer is drawn to character and location: families who want a heritage home within walking distance of downtown, professionals including many who work at the nearby hospital, and buyers who value the arts scene and community. Some are prepared to renovate; others want a home already updated. All of them are choosing Fernwood for what makes it distinct.
Fernwood houses offer heritage character close to downtown within Victoria's wider house market. Compare them with Victoria houses for sale across the city, with neighbouring Fairfield, and see all Fernwood properties for condos and townhomes in the neighbourhood.