





Price
$1,475,000
Bedrooms4 Beds
Bathrooms3 Baths
Size2530 sqft
Year Built1940
Property TypeDetached Home
Property Taxes$6,385.25

Situated on a level 0.31-acre lot eligible for SSMUH (Small-Scale Multi-Unit Housing), this distinctive 1940 four-bedroom rancher offers a rare blend of development potential, timeless character, and everyday livability. Originally built as a display home to showcase innovative radiant ceiling heating promoted by the B.C. Electric Company—predecessor to B.C. Hydro—the home reflects a unique chapter of architectural history. With nearly 2,000 sq. ft. of thoughtfully designed living space, the layout is ideally suited for downsizers or families alike. The home retains its original lathe-and-plaster walls and ceilings, all in excellent condition, preserving its authentic charm. Tasteful upgrades include a renovated kitchen with Corian countertops and three beautifully updated bathrooms, two featuring heated tile floors, with granite finishes in two of the baths. Modern infrastructure improvements include 200-amp electrical service and a 10-zone underground irrigation system. Outdoors, the private backyard oasis is truly a standout—lush, mature landscaping creates a serene setting, complemented by a covered deck that overlooks the tranquil, fully enclosed yard, perfect for relaxing or entertaining. The Mount Tolmie location is exceptional with the park walking trails at your doorstep; just a 7-minute walk to SMUS, 10 minutes to Camosun College (Lansdowne Campus), and 20 minutes to UVic. Shopping is also very close by - a 5 minute drive to Hillside Mall, Shelbourne Plaza and University Heights (id:39198)
The listing brokerage and/or agent is RE/MAX Camosun
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
$5,831 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,180,000
Total Interest Payments
$727,542
Total Payment (Principal + Interest)
$1,907,542
$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.