Price
$795,000
Bedrooms2 Beds
Bathrooms1 Baths
Size960 sqft
Year Built1984
Property TypeDetached Home
Property Taxes$3,373
This centrally located 8,140 sq ft lot offers exceptional versatility and presents a rare opportunity for first-time buyers, renovators, or developers. Listed at assessed value, it stands out as one of the most compelling price-to-potential properties in Saanich East. The existing 2-bedroom, 1-bath home is cozy, functional, and ideal for buyers looking to enter the market and build equity over time. With a little imagination and effort, it could be transformed into a charming cottage-style home—and you can live in it while you renovate. It also makes a great holding property, with solid rental potential while plans are developed for future use. The lot’s generous size and level topography make it a strong candidate for small-scale multi-unit housing (SSMUH) under Saanich’s evolving guidelines. Set on a quiet street between McKenzie and Quadra, the location offers easy access to schools, shopping, UVic, and major transit routes—all without the disruption of highway noise. Whether you're dreaming of a personalized renovation, securing your first home, or exploring development potential, this property delivers outstanding value and opportunity. (id:39198)
The listing brokerage and/or agent is eXp Realty
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$3,138 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$636,000
Total Interest Payments
$392,133
Total Payment (Principal + Interest)
$1,028,133
$300 / month
Monthly Expenses
-$1,700
Monthly Income
$2,000
Your monthly cash flow is positive
Realtors
Growing up on the island, and settling down in beautiful Victoria, I have a unique perspective on the areas flourishing real estate market. I bought my first property at the young age of 20 and from there went on to buy and sell multiple properties around the area.
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.