Living in a condo near Victory Monument is like having a foot everywhere in Thailand.
Victory monument is certainly the most popular roundabout in Bangkok and maybe in Thailand. It is characterized by traffic lights and bus stations all around linking not only to all places in Bangkok but also Thailand! You can find some vans parked around that can bring you to almost every provinces of Thailand which is just great for some unplanned holidays or a quick trip.
Around Victory Monument, many shops and a night market, some shopping centers, a park, a great healthcare and of course some condominiums hidden in sois and streets scattered in the area.
The nearby BTS station of Sanam Pao see more residential condos particularly in the soi Phahonyothin 3.
Victory Monument is a hub to all areas of Bangkok, many join Victory Monument in the morning by bus or van to then commute by BTS, therefore there is a huge variety of people in the area with mostly workers and students, the shopping centers around targeting mostly a young population. There is also a lot of tourists (particularly from asian countries) traveling to the nearby King Power (Duty Free) or staying at some of the cheap hotels nearby.
There are actually not so many condos near Victory Monument but some new projects are finding some place nearby, they are mostly located around Ratchaprarop and Ratchawithi roads, a convenient place for commuters and with views on the Suan Santi Phap park.
Taxis tend to try to avoid Victory Monument as there can be a lot of traffic due to the busses and vans of course but also other commuters that try to reach other parts of Bangkok from there. Actually the traffic is not as bad as one could expect (except of course during peak hours), the flow of cars is controlled and there are many alternative routes are also available. There are also access to the express ways from Victory Monument itself (entrance from Phahonyothin road), and another to be reached on Rama 6 behind the roundabout.
The BTS station at Victory Monument can bring you to the north up to Jatujak, or south to Siam or continuing to Sukhumvit. Of course change is available at Siam to reach Silom / Sathorn areas or Mo Chit to take the MRT. Note that the Airport Link is also accessible from the nearby station of Phayathai (one station away from Victory Monument).
If you plan to reach another province of Thailand, check out for the vans! They are hidden at several places, each station bringing you to different areas of Thailand. This is a very affordable way to travel so you may consider the option. However this is not recommended if you are afraid of fast driving as speed limits are rarely enforced and followed by the drivers.
Almost all shopping of the area is located around Victory Monument itself. The most popular is certainly Century Movie Plaza, but you also can access Center One which is more local with many small restaurants and shops targeted for students, Fashion Mall or even the King Power for some luxury shopping.
For more groceries shopping the BTS is here to bring you to Ari La Villa or Siam and the supermarket of Siam Paragon.
You can also have a look at the night market of Victory Monument that is always packed with people and many items to be checked (mostly on fashion).
Phyathai 1 and Phyathai 2 hospitals welcome everyone with some international services and translation available (I would personally recommend Phyathai 2).
You can also go on Ratchawithi road to the west and reach Ramathibodi hospital, a popular public hospital relying on the Mahidol university, the same university that provides staff to Siriraj Hospital.
You won't need to go far to find some nice places to enjoy your evening with the Saxophone Pub nearby welcoming you in a cheerful atmosphere where you will enjoy listening to some music while having some drinks or food. Victory Monument night market has also become more and more popular and you will surely find some nice items there. And why not trying the Sky Train Jazz Club on soi Rang Nam from which you can have some awesome views on the BTS line?
For a fine wine tasting check out the Pullman hotel, also accessed from soi Rang Nam or Si Ayuthaya road, and try the Wine Pub.
For some movies, eating you should see with the nearby shopping centers you will definitely have some new food to try everyday (and also walk down the streets).
But my favorite place surely is the Suan Santi Phap park with some trees (great for some other views than concrete and buildings) where you can practice some jogging or aerobics in the evening.