4012 Rainbow Street, High Quadra Saanich
Price
$1,299,000
Bedrooms3 Beds
Bathrooms4 Baths
Size2787 sqft
Year Built2005
Property TypeDetached Home
Property Taxes$7,422.3
Description
Welcome to 4012 Rainbow Street, a beautifully designed home that perfectly balances comfortable family living with outstanding rental income opportunities. Ideally located in one of Saanich's most desirable neighbourhoods Swan Lake, this versatile property offers three separate suites—ideal for multigenerational living or savvy investors. The main suite features a bright, open-concept layout with three spacious bedrooms and two bathrooms. The modern kitchen flows seamlessly into the dining and living areas, creating a warm, inviting space for entertaining or family gatherings. Step out onto the expansive west-facing deck to enjoy stunning sunsets and peaceful views—a true extension of your living space. Downstairs, the two-bedroom suite mirrors the same open-concept design, providing plenty of natural light and a sense of spacious comfort. With its own large west-facing deck, this suite is perfect for tenants or extended family who appreciate outdoor living and privacy. The bachelor suite offers a fantastic opportunity for extra passive income or a convenient space for a student or young professional. Compact yet efficient, it provides everything needed for comfortable independent living. Additional highlights include modern finishes throughout, ample parking, and proximity to parks, schools, shopping, and transit. Whether you’re looking for a family home with mortgage helpers or a solid investment property, 4012 Rainbow Street delivers flexibility, lifestyle, and financial potential in one outstanding package. (id:39198)
Listed By
The listing brokerage and/or agent is RE/MAX Generation - The Neal Estate Group
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.
Property Dimensions
The Property Location
Mortgage Calculator
$
$
%
$
$
Total Monthly Payment
$5,285 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,039,200
Total Interest Payments
$640,731
Total Payment (Principal + Interest)
$1,679,931
Cashflow Calculator
$
$
$
$
$
$
Monthly Cash Flow
$300 / month
Monthly Expenses
-$1,700
Monthly Income
$2,000
Your monthly cash flow is positive
Comber Friesen Group
Realtors
Related Properties
Meet Alex & Georgia
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.
Locations We Serve
Cowichan Valley
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
Westshore
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
Victoria
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Oak Bay
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
Saanich
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.