Property Type: Condo / ApartmentOwnership: Strata

110 494 Marsett Pl

Saanich, BC V8Z4J1

$499,900

2 bed2 bath1 parking969 sqftBuilt 1994
Get Directions

Property Details

Property & Lot

Sub-type
Apartment
Lot size
1,116 square feet
Zoning
Multi-Family

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$399/mo
Annual property tax
$2,895.03

Interior

Heating
Baseboard heaters, Electric, Natural gas
Cooling / A/C
None
Fireplace
Yes (1)

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
KitchenAdditional Accommodation6' x 7'
EnsuiteMain level4-Piece
BedroomMain level10' x 12'
BathroomMain level4-Piece
Primary BedroomMain level10' x 14'
KitchenMain level9' x 9'
Dining roomMain level9' x 11'
Living roomMain level11' x 12'
EntranceMain level4' x 5'

Listing Information

MLS®
1044163
Listed
July 25, 2026
Time on market
On the market for 37 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Camosun · Data source: CREA DDF.

Description

Located on the QUIET side of the building with a lovely view of the COURTYARD, this GROUND floor unit is perfect for all ages who seek a well laid out 2 bedroom, 2 bathroom unit that feels more like a home with a yard. Bring your dog, cats, and little ones, they'll love the EASY ACCESS PATIO AREA with view. Lovely gas fireplace in the living room (gas included in strata fee). Great floorplan with well separated bedrooms. The spacious primary bedroom includes a walk in closet and 3pce ensuite. Secure underground parking, separate storage and ample visitor parking. Elk Lake, shopping, Commonwealth Rec all within a few blocks. Easy commute to downtown, the airport and ferries. Very well run strata. Great value in today's market!! (id:63159)

Values & Trends

This listing

$516/sqft

Building average

No other active listings in this building

Royal Oak average

$673/sqft

10 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 SchoolMiddle1.2 km
Claremont SecondarySecondary1.5 km
Lochside ElementaryElementary2.0 km
Cordova Bay ElementaryElementary2.8 km
Northridge ElementaryElementary2.9 km
Lakeview Christian School(Independent)Elementary/Middle3.0 km
Glanford Middle SchoolElementary3.1 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 Lakes234 m

Grocery (1)

  • Thrifty Foods · 777 Royal Oak Drive779 m

Parks (5+)

  • Former Royal Oak Golf Club · 540 Marsett Place365 m
  • Commonwealth Place443 m
  • Normandy Park528 m
  • Falaise Park652 m
  • Unnamed754 m

Banks & ATMs (1)

  • CIBC777 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($24,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$399,920.00
Periodic payment — Principal & Interest (monthly)$2,580.15
Additional monthly expenses (strata, tax, utilities, etc.)$688.53
Total monthly cost$3,268.68
Interest paid over 5-yr term$114,618.22
Balance at end of term$359,729.33

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$24,995
Stress test qualifying rate8.09%
Payment you must qualify for$3,651.85

Cash Needed at Closing

Minimum down payment$24,995
Estimated BC PTT$7,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$34,493

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.

Request more information