Property Type: Detached HouseOwnership: Freehold

1345 Readings Dr

North Saanich, BC V8L5K7

$1,950,000

4 bed3 bath5 parking3,900 sqftBuilt 1993
Get Directions

Property Details

Property & Lot

Sub-type
House
Style
Tudor
Lot size
0.99 acres
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,169

Interior

Heating
Heat Pump, Baseboard heaters, Forced air, Electric, Propane
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)
Appliances
Washer, Refrigerator, Range - Gas, Dishwasher, Dryer, Microwave

Exterior & Lot

View
Ocean view
Lot features
Private setting, Other, Marine Oriented

Building

Parcel ID (PID)
012-623-083

Parking

Total spaces
5

Room Dimensions

RoomLevelDimensions
BathroomSecond level9' x 8'
BathroomMain level2-Piece
OfficeMain level12' x 12'
StorageLower level14' x 11'
Laundry roomMain level10' x 7'
BedroomSecond level17' x 17'
BedroomSecond level14' x 10'
BedroomSecond level15' x 15'
EnsuiteMain level12' x 9'
Primary BedroomMain level18' x 14'
Great roomMain level22' x 18'
KitchenMain level14' x 12'
Dining roomMain level15' x 12'
Living roomMain level16' x 14'
Family roomMain level28' x 14'
EntranceMain level13' x 7'

Listing Information

MLS®
1042581
Listed
July 7, 2026
Time on market
On the market for 55 days
Data last synced
August 31, 2026

Listing provided by: Sotheby's International Realty Canada · Data source: CREA DDF.

Description

Elevated well above the street is this custom-built 3,900' home on a private 1-acre (43,124 sq ft) lot with distant southerly ocean views toward Sidney. The updated interior boasts gorgeous wide plank hardwood floors and a custom kitchen equipped with premium stainless appliances. The gracious floor plan features 4 bedrooms and 3 bathrooms, with a primary bedroom on the main floor and 3 additional bedrooms upstairs. New heat pump provides a comfortable environment. A flexible great room serves perfectly as a gym, art studio, or billiards room, while local zoning allows for a coach house. Outside, enjoy a beautiful greenhouse, incredible mature gardens, a double garage, and close proximity to Horth Hill Park forest trails, warm swimming beaches, and Deep Cove School. Located in a highly desirable neighborhood surrounded by fine homes, you are just minutes from Sidney, local marinas, golf courses, quaint wineries, roadside farm stands, the airport, and BC Ferries. A true piece of paradise. (id:63159)

Values & Trends

This listing

$500/sqft

Building average

No other active listings in this building

Lands End average

$900/sqft

17 active listing(s)

Parking: 5 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

16°C

Mainly Clear

Humidity 73%

Wind S 6 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Population

12,235

(2021 Census)

+8.8% since 2016

Density: 329.3/km²

Dwellings: 5,235

Median household income: $121,000

After-tax: $104,000

Immigrant population: 16.6%

Top countries of origin (% of total population)

  • United Kingdom6.8% · 830
  • United States of America1.6% · 195
  • Germany0.8% · 100
  • Netherlands0.8% · 100
  • India0.7% · 80
  • China0.5% · 60
  • South Africa, Republic of0.4% · 45
  • Hong Kong0.2% · 30

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

11

1/9 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
Deep Cove ElementaryElementary1.3 km
Parkland SecondarySecondary2.7 km
North Saanich Middle SchoolMiddle3.3 km
Sidney ElementaryElementary5.1 km
ḰELSET ElementaryElementary7.2 km
Brentwood College(Independent)Secondary9.1 km
George Bonner ElementaryElementary9.1 km
Frances Kelsey SecondarySecondary9.7 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

Parks (5+)

  • Readings Park49 m
  • Sumac Park418 m
  • Highview Park South432 m
  • Sycamore Park · 11395 Westview Place442 m
  • Highview Park North464 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($390,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,560,000.00
Periodic payment — Principal & Interest (monthly)$10,064.59
Additional monthly expenses (strata, tax, utilities, etc.)$625.75
Total monthly cost$10,690.34
Interest paid over 5-yr term$447,100.48
Balance at end of term$1,403,225.05

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$390,000
Stress test qualifying rate8.09%
Payment you must qualify for$11,995.85

Cash Needed at Closing

Minimum down payment$390,000
Estimated BC PTT$37,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$428,500

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.

Request more information