Property Type: Detached HouseOwnership: FreeholdNEW LISTING

1924 Casa Marcia Cres

Saanich, BC V8N2X3

$1,375,000

5 bed3 bath4 parking2,655 sqftBuilt 1960
25
Walk Score
47
Transit
55
Bike
Walk Score® by Redfin
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Property Details

Property & Lot

Sub-type
House
Lot size
9,690 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,803

Interior

Heating
Forced air, Natural gas, Wood
Cooling / A/C
None
Fireplace
Yes (2)
Appliances
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave

Exterior & Lot

Lot features
Private setting, Southern exposure, Other, Rectangular

Building

Parcel ID (PID)
004-445-660

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
StorageOther7'6 x 9'5
PatioLower level12'1 x 26'0
BathroomLower level5'6 x 8'6
BedroomLower level9'3 x 13'2
Living roomLower level12'2 x 15'7
KitchenLower level8'8 x 11'8
Laundry roomLower level8'7 x 8'10
StorageLower level10'11 x 12'0
BedroomLower level9'11 x 11'9
Recreation roomLower level10'1 x 20'0
Living roomMain level13'1 x 20'0
BathroomMain level5'7 x 11'1
Dining roomMain level11'0 x 12'8
KitchenMain level10'1 x 15'2
EnsuiteMain level4'2 x 11'1
Primary BedroomMain level11'2 x 14'8
BedroomMain level11'2 x 11'2
BedroomMain level10'2 x 10'3
EntranceMain level6'2 x 6'5

Listing Information

MLS®
1048912
Listed
September 9, 2026
Time on market
On the market for 4 days
Data last synced
September 13, 2026

Listing provided by: The Agency · Data source: CREA DDF.

Description

On the ocean side of Grandview Drive in the desirable Margaret Bay neighbourhood of Gordon Head, this lovely 5-bedroom/3-bath home has been beautifully updated and sits on a large 9,600+ sq ft lot, just minutes from UVic and the water. On the main level you will find a gracious primary bedroom with an ensuite bath and walk-in shower, 2 additional bedrooms, a large living room and dining room bathed in light, and an over 450-square-foot deck perfect for outdoor entertaining while overlooking the back garden with its beautiful rhododendrons, maples, fig trees, wisteria, hydrangeas and perennial borders. Downstairs in the walk-out basement is a rec room and 4th bedroom (currently open to the rec room), perfect for teens, as well as a light-filled 1-bedroom suite ideal for multi-generational living. Situated between Balmacarra Park and Glencoe Cove Kwatsech Park, you can walk down to the beach in 10 minutes and enjoy easy access to the many nearby parks and trails. (id:63159)

Values & Trends

This listing

$518/sqft

Building average

No other active listings in this building

Gordon Head average

$632/sqft

33 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)

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
Hillcrest ElementaryElementary436 m
Torquay ElementaryElementary895 m
ArtsCalibre Academy(Independent)Elementary/Middle1.3 km
Gordon Head Middle SchoolElementary1.5 km
Lambrick Park SecondarySecondary1.7 km
Maria Montessori Academy(Independent)Elementary1.8 km
Mount Douglas SecondarySecondary2.0 km
Arbutus Global Middle SchoolElementary2.0 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.

Nearby Places

Parks (5+)

  • Casa Marcia Park240 m
  • Ferndale Forest Park384 m
  • Unnamed468 m
  • Vantreight Park491 m
  • James Houlihan Park562 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 8.2% ($112,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,100,000.00
Periodic payment — Principal & Interest (monthly)$7,096.83
Additional monthly expenses (strata, tax, utilities, etc.)$699.92
Total monthly cost$7,796.74
Interest paid over 5-yr term$315,263.16
Balance at end of term$989,453.56

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$112,500
Stress test qualifying rate8.09%
Payment you must qualify for$9,708.18

Cash Needed at Closing

Minimum down payment$112,500
Estimated BC PTT$25,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$139,500

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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