Property Type: Condo / ApartmentOwnership: Strata

1316 Greenleaf Lane

Sidney Island, BC L0L0L0

$850,000

1 bed1 bath2 parking685 sqftBuilt 1988
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Property Details

Property & Lot

Sub-type
House
Lot size
2.46 acres
Zoning
Residential

CD-2

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$310/mo
Annual property tax
$1,588.81

Interior

Heating
Wood
Cooling / A/C
None
Fireplace
None

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
2

Restrictions & Policies

Pets
Allowed

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

Room Dimensions

RoomLevelDimensions
BathroomMain level3-Piece
DenMain level
BedroomMain level11' x 11'
KitchenMain level
Living roomMain level

Listing Information

MLS®
1045125
Listed
August 5, 2026
Time on market
On the market for 26 days
Data last synced
August 28, 2026

Listing provided by: Oakwyn Realty Ltd. · Data source: CREA DDF.

Description

Perched above the shoreline with spectacular panoramic ocean views, this beautifully updated nearly 700 sq.ft. waterfront cabin is the perfect Gulf Island retreat. Enjoy breathtaking sunrises over Mount Baker and the San Juan Islands from the new cedar deck, where you'll feel as though you're sitting right on the water. Recent updates include new fir flooring and custom fir and yew trim, adding warm West Coast character throughout. The property is equipped with a shared well, septic system, a robust solar power system, generator and 500 gallon propane tank. 20' sea-can available for purchase. The property also offers access to the waterfront, making it easy to enjoy the beauty of the Salish Sea. A rare opportunity to own a turnkey island getaway with stunning scenery, excellent infrastructure, and exceptional privacy. Island amenities include private marina, airstrip, sandy beaches, and walking trails—minutes from Sidney and Victoria, yet a world away. (id:63159)

Values & Trends

This listing

$1,241/sqft

Building average

No other active listings in this building

Sidney Island average

$1,119/sqft

6 active listing(s)

Parking: 2 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 (Hartland)

Mainly Clear

15°C

Mainly Clear

Humidity 80%

Wind WNW 5 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Keating ElementaryElementary10.2 km
Sidney ElementaryElementary10.4 km
ḰELSET ElementaryElementary10.7 km
Cordova Bay ElementaryElementary11.3 km
SD 63 Individual Learning CentreSecondary11.3 km
Lakeview Christian School(Independent)Elementary/Middle11.6 km
Stelly's SecondarySecondary11.8 km
North Saanich Middle SchoolMiddle12.0 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.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 7.1% ($60,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$680,000.00
Periodic payment — Principal & Interest (monthly)$4,387.13
Additional monthly expenses (strata, tax, utilities, etc.)$476.40
Total monthly cost$4,863.53
Interest paid over 5-yr term$194,889.95
Balance at end of term$611,662.20

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$60,000
Stress test qualifying rate8.09%
Payment you must qualify for$6,074.82

Cash Needed at Closing

Minimum down payment$60,000
Estimated BC PTT$15,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$76,500

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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