Property Type: Detached HouseOwnership: Freehold

1246 ROY Rd

Saanich, BC V8Z2X7

$1,150,000

4 bed2 bath4 parking1,981 sqftBuilt 1925
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Open House

Saturday, September 5

2:00 PM4:00 PM

Property Details

Property & Lot

Sub-type
House
Lot size
6,835 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,170.43

Interior

Heating
Baseboard heaters, Forced air, Electric, Other
Cooling / A/C
Fully air conditioned
Fireplace
None

Building

Parcel ID (PID)
002-544-237

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
Unfinished RoomLower level
Living roomMain level
Unfinished RoomLower level
Unfinished RoomLower level
Primary BedroomLower level
BedroomLower level
PatioMain level
BedroomMain level
Living roomMain level
BathroomMain level
BedroomMain level
KitchenMain level
EntranceMain level
BathroomMain level
Living roomMain level
KitchenMain level
Dining roomMain level

Listing Information

MLS®
1042923
Listed
July 13, 2026
Time on market
On the market for 49 days
Data last synced
August 31, 2026

Listing provided by: eXp Realty · Data source: CREA DDF.

Description

Looking for a mortgage helper, multigenerational living, staff accommodation, or a turn-key income property? Opportunities like this are incredibly rare. This extensively rebuilt 1925 character home offers a unique front/back duplex-style layout with a legal secondary suite, creating two completely independent living spaces with far more privacy than a traditional basement suite. Whether you're looking to offset your mortgage, keep family close while maintaining separate living spaces, or add a high-quality investment to your portfolio, this property offers exceptional flexibility. Completely renovated with permits and recently granted a new occupancy permit, the home has undergone substantial structural improvements while preserving the charm and character that make homes of this era so desirable. Renovation updates include kitchens, cabinetry, countertops, flooring, bathrooms, lighting, some doors, trim, hardware, appliances, mechanical systems and a brand new roof, creating the feel of a modern home with timeless character. Each self-contained 2 bedroom, 1 bathroom residence features its own private entrance, separate hydro meter, private laundry, fenced yard and dedicated outdoor space. The rear residence enjoys an expansive 300 sq.ft. sun-soaked deck, while the detached garage, rare rear laneway access, two EV chargers, RV/boat parking, landscaped gardens, fruit trees and abundant off-street parking add tremendous versatility. Located in the highly sought-after Northridge neighbourhood, you're just minutes from Camosun Interurban, Commonwealth Place Recreation Centre, Elk and Beaver Lakes, Panama Flats, excellent schools, shopping, walking trails, Red Barn Market, Tillicum Centre, Victoria General Hospital and an easy commute to Downtown Victoria, the Peninsula, Esquimalt and the West Shore. Immediate possession available. Extensive buyer information package available, including permit history, renovation summary, oil tank documentation & additional information (id:63159)

Values & Trends

This listing

$581/sqft

Building average

No other active listings in this building

Northridge average

$619/sqft

3 active listing(s)

Parking: 4 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

19

2/9 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
Strawberry Vale ElementaryElementary538 m
Discovery School(Independent)K-12613 m
Northridge ElementaryElementary682 m
Glanford Middle SchoolElementary1.5 km
Spectrum CommunitySecondary2.1 km
Ecole Marigold SchoolElementary2.1 km
Royal Oak Middle SchoolMiddle2.1 km
McKenzie ElementaryElementary2.1 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 (3)

  • Cherries Breakfast Bistro131 m
  • Jack's Restaurant141 m
  • Crooked Goose Bistro235 m

Parks (5+)

  • Unnamed457 m
  • Strawberry Knoll Park555 m
  • Panama Hill Park639 m
  • Rosedale Park · 4100 Santa Anita Avenue696 m
  • Colquitz Park · 4272 Eastridge Crescent727 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 7.8% ($90,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$920,000.00
Periodic payment — Principal & Interest (monthly)$5,935.53
Additional monthly expenses (strata, tax, utilities, etc.)$529.87
Total monthly cost$6,465.40
Interest paid over 5-yr term$263,674.64
Balance at end of term$827,542.98

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$90,000
Stress test qualifying rate8.09%
Payment you must qualify for$8,151.03

Cash Needed at Closing

Minimum down payment$90,000
Estimated BC PTT$21,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$112,500

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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