Property Type: Detached HouseOwnership: Freehold

1787 Penshurst Rd

Saanich, BC V8N2N6

$1,049,000

3 bed2 bath2 parking1,884 sqftBuilt 1965
44
Walk Score
49
Transit
62
Bike
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Property Details

Property & Lot

Sub-type
House
Lot size
8,775 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,845.69

Interior

Heating
Forced air
Cooling / A/C
None
Fireplace
Yes (2)

Exterior & Lot

Lot features
Other

Building

Parcel ID (PID)
004-450-566

Parking

Total spaces
2 — uncovered indicated
Features
Stall

Room Dimensions

RoomLevelDimensions
OtherLower level24'4 x 26'8
BathroomLower level3-Piece
Laundry roomLower level10'10 x 11'3
Family roomLower level
SunroomMain level8'3
BedroomMain level8'2
Primary BedroomMain level14'6 x 10'4
BedroomMain level11'5 x 10'6
BathroomMain level4-Piece
KitchenMain level11'3 x 14'7
Dining roomMain level12'4
Living roomMain level
EntranceMain level5'6

Listing Information

MLS®
1047781
Listed
September 2, 2026
Time on market
On the market for 11 days
Data last synced
September 13, 2026

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

Description

Situated on a quiet street in sought-after Gordon Head, this well-maintained split-level home is set on an elevated, south-facing 0.20-acre lot. The property enjoys abundant natural light, privacy, and inviting outdoor space for entertaining, gardening, or relaxing. Offering over 1,900 sq. ft. of living space, the home features three bedrooms, two bathrooms, and a versatile lower-level flex room - ideal for a family room, home office, or extended-family living. Conveniently located near parks, a five minute stroll to the wonderful neighbourhood cafe, excellent schools, the University of Victoria, shopping, and everyday amenities, this is a wonderful opportunity in one of Victoria’s most desirable neighbourhoods. Visit Marc’s website for more photos and floor plan or email marc@owen-flood.com. (id:63159)

Values & Trends

This listing

$557/sqft

Building average

No other active listings in this building

Gordon Head average

$631/sqft

33 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 (University of)

15°C

Humidity 68%

Wind WSW 6 km/h

Tonight

12°

Monday

16°

Monday night

11°

Tuesday

20°

Tuesday night

10°

Wednesday

22°

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.

Nearby Schools

SchoolTypeDistance
Torquay ElementaryElementary331 m
ArtsCalibre Academy(Independent)Elementary/Middle478 m
Hillcrest ElementaryElementary532 m
Gordon Head Middle SchoolElementary733 m
Lambrick Park SecondarySecondary901 m
Maria Montessori Academy(Independent)Elementary1.2 km
Mount Douglas SecondarySecondary1.4 km
Arbutus Global Middle SchoolElementary1.7 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

Cafes (1)

  • Township Coffee · 4343 Tyndall Avenue192 m

Parks (5+)

  • King Alfred Park230 m
  • Tyndall Park245 m
  • Francisco Park319 m
  • Unnamed432 m
  • Sierra Park441 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 7.6% ($79,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$839,200.00
Periodic payment — Principal & Interest (monthly)$5,414.23
Additional monthly expenses (strata, tax, utilities, etc.)$581.14
Total monthly cost$5,995.37
Interest paid over 5-yr term$240,517.13
Balance at end of term$754,863.11

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$79,900
Stress test qualifying rate8.09%
Payment you must qualify for$7,452.04

Cash Needed at Closing

Minimum down payment$79,900
Estimated BC PTT$18,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$100,380

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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