Property Type: TownhouseOwnership: StrataNEW LISTING

1 500 Marsett Pl

Saanich, BC V8Z7J1

$997,500

3 bed3 bath1 parking1,946 sqftBuilt 1994
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Property Details

Property & Lot

Sub-type
Row / Townhouse
Lot size
2,500 square feet
Zoning
Residential

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$625/mo
Annual property tax
$3,928

Interior

Heating
Heat Pump, Baseboard heaters, Electric, Natural gas, Other, Hot Water
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view

Parking

Total spaces
1

Restrictions & Policies

Pets
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
Laundry roomSecond level4'4 x 5'1
EnsuiteSecond level5'6 x 10'1
BedroomSecond level12'2 x 13'1
BedroomSecond level12'4 x 15'1
OtherMain level9'0 x 12'11
Family roomMain level12'0 x 13'0
KitchenMain level10'1 x 11'7
Living roomMain level11'10 x 15'8
Dining roomMain level9'10 x 10'6
BathroomMain level12'4 x 4'11
EnsuiteMain level8'8 x 9'0
Primary BedroomMain level12'4 x 12'4
StorageLower level12'2 x 21'4
StorageLower level12'0 x 13'5
OtherLower level15'9 x 22'0

Listing Information

MLS®
1048054
Listed
August 27, 2026
Time on market
On the market for 4 days
Data last synced
August 28, 2026

Listing provided by: Easy List Realty · Data source: CREA DDF.

Description

*** For more information, please click Brochure button. *** This beautiful Townhouse is a spacious, well maintained 3- bedroom, 2.5 bathroom townhouse located in the highly desirable Royal Oak neighbourhood. Situated in the sought after Royal Pines Complex, this unique three-level hime offers comfort, functionality in an exceptional location just minutes from the Commonwealth Community Place, plus access to trails and recreation at Beaver and Elk Lake. It is conveniently close to shopping, transit, major routes within 15 minutes to downtown, the airport and BC Ferries A wonderful opportunity to own in one of Victoria’s most desirable communities! (id:63159)

Values & Trends

This listing

$513/sqft

Building average

$458/sqft

1 active listing(s)

Royal Oak average

$508/sqft

11 active listing(s)

Parking: 1 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Nearest station: Victoria (University of)

13°C

Humidity 83%

Wind WNW 2 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Population

117,735

(2021 Census)

+3.1% since 2016

Density: 1,136.5/km²

Dwellings: 50,064

Median household income: $93,000

After-tax: $83,000

Immigrant population: 22.5%

Top countries of origin (% of total population)

  • China3.5% · 4,110
  • United Kingdom3.2% · 3,760
  • India2.3% · 2,650
  • Philippines1.7% · 1,995
  • United States of America1.4% · 1,655
  • Germany0.6% · 730
  • Hong Kong0.6% · 720
  • Viet Nam0.5% · 540

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

22

4/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Royal Oak Middle SchoolMiddle1.1 km
Claremont SecondarySecondary1.6 km
Lochside ElementaryElementary2.1 km
Northridge ElementaryElementary2.8 km
Cordova Bay ElementaryElementary2.9 km
Glanford Middle SchoolElementary3.1 km
Lakeview Christian School(Independent)Elementary/Middle3.1 km
St. Margaret's(Independent)K-123.2 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Restaurants (1)

  • The Lakes202 m

Grocery (1)

  • Thrifty Foods · 777 Royal Oak Drive753 m

Parks (5+)

  • Former Royal Oak Golf Club · 540 Marsett Place313 m
  • Commonwealth Place366 m
  • Normandy Park459 m
  • Falaise Park665 m
  • Unnamed780 m

Banks & ATMs (1)

  • CIBC759 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Other Listings in This Building

Other units currently listed in the same building. 1 500 Marsett Pl

View building profile →
Built 1994

Mortgage & Ownership Cost Calculator

Minimum required: 7.5% ($74,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$798,000.00
Periodic payment — Principal & Interest (monthly)$5,148.43
Additional monthly expenses (strata, tax, utilities, etc.)$1,049.33
Total monthly cost$6,197.76
Interest paid over 5-yr term$228,709.09
Balance at end of term$717,803.58

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$74,750
Stress test qualifying rate8.09%
Payment you must qualify for$7,095.62

Cash Needed at Closing

Minimum down payment$74,750
Estimated BC PTT$17,950
Legal / closing costs (typical estimate)$1,500
Total cash needed$94,200

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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