Property Type: Detached HouseOwnership: Freehold

2201 Arbutus Cove Lane

Saanich, BC V8N6N7

$1,848,000

7 bed5 bath7 parking4,861 sqftBuilt 2004
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Property Details

Property & Lot

Sub-type
House
Lot size
10,872 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$10,119

Interior

Heating
Heat Pump, Forced air, Natural gas
Cooling / A/C
Air Conditioned
Fireplace
Yes (2)

Exterior & Lot

Lot features
Private setting, Rectangular

Building

Parcel ID (PID)
025-640-101

Parking

Total spaces
7

Room Dimensions

RoomLevelDimensions
BalconyMain level11' x 24'
EntranceLower level9' x 4'
BalconySecond level6' x 14'
BathroomSecond level4-Piece
BathroomSecond level3-Piece
BathroomMain level2-Piece
PatioLower level9' x 29'
BathroomLower level4-Piece
ConservatorySecond level13' x 20'
Laundry roomMain level7' x 17'
Family roomMain level16' x 20'
Eating areaMain level8' x 14'
BedroomLower level15' x 15'
BedroomSecond level19' x 14'
BedroomLower level12' x 9'
BedroomSecond level16' x 14'
BedroomMain level12' x 17'
BedroomLower level11' x 13'
Living roomLower level13' x 18'
BathroomSecond level5-Piece
Primary BedroomSecond level14' x 24'
KitchenMain level14' x 16'
KitchenLower level6' x 18'
Dining roomMain level10' x 14'
Living roomMain level14' x 17'
EntranceMain level9' x 17'

Listing Information

MLS®
1040335
Listed
June 13, 2026
Time on market
On the market for 80 days
Data last synced
August 29, 2026

Listing provided by: Pemberton Holmes Ltd. · Data source: CREA DDF.

Description

This 2004 spacious custom-built Arbutus Cove home sits on a 10800+ sf lot & offers over 4,800 sf of versatile living space. The main level welcomes you with an elegant curved staircase, leading into formal living and dining areas divided by a sophisticated double-sided gas fireplace. The chef’s kitchen boasts rich maple cabinetry, a central island with a countertop range, granite surfaces, and a walk-in pantry. An adjacent family room opens onto a private, sun-drenched deck, complemented by a flexible office/bedroom on the same floor. Upstairs, find three generous bedrooms, highlighted by a primary retreat featuring beautiful marine views and a private ocean-facing deck. The lower level has a self-enclosed 2-bedroom in-law suite. Brazilian cherry hardwood floors, heat pump, sprinkler system, built in vac, large double garage and tons of parking ... the list goes on. Ideally located within walking distance to UVic, and just minutes from pristine beaches, parks, and top-tier schools. (id:63159)

Values & Trends

This listing

$380/sqft

Building average

No other active listings in this building

Arbutus average

$745/sqft

7 active listing(s)

Parking: 7 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

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
Hillcrest ElementaryElementary719 m
Arbutus Global Middle SchoolElementary1.0 km
Maria Montessori Academy(Independent)Elementary1.2 km
ArtsCalibre Academy(Independent)Elementary/Middle1.2 km
Mount Douglas SecondarySecondary1.4 km
Torquay ElementaryElementary1.4 km
Gordon Head Middle SchoolElementary1.7 km
Lambrick Park SecondarySecondary1.8 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+)

  • Arbutus Cove Park162 m
  • Gordon Head East Park267 m
  • James Houlihan Park436 m
  • Gordon Head North Park517 m
  • Hollydene Park646 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($369,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,478,400.00
Periodic payment — Principal & Interest (monthly)$9,538.14
Additional monthly expenses (strata, tax, utilities, etc.)$1,086.25
Total monthly cost$10,624.39
Interest paid over 5-yr term$423,713.69
Balance at end of term$1,329,825.58

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$369,600
Stress test qualifying rate8.09%
Payment you must qualify for$11,368.38

Cash Needed at Closing

Minimum down payment$369,600
Estimated BC PTT$34,960
Legal / closing costs (typical estimate)$1,500
Total cash needed$406,060

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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