2229 Arbutus Rd E
Saanich, BC V8N1V2
$1,788,000
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other, Cape Cod
- Lot size
- 0.54 acres
- Zoning
- Residential
RS12
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $9,216
Interior
- Heating
- Heat Pump, Baseboard heaters, Forced air, Wood
- Cooling / A/C
- Air Conditioned, See Remarks
- Fireplace
- Yes (2)
- Appliances
- Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave
Exterior & Lot
- View
- Ocean view
- Lot features
- Central location, Park setting, Private setting, Wooded area, See remarks, Other
Building
- Parcel ID (PID)
- 005-777-062
Parking
- Total spaces
- 8
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Patio | Main level | 13'6 x 18'7 |
| Storage | Lower level | 4'8 |
| Bathroom | Auxiliary Building | 4-Piece |
| Primary Bedroom | Auxiliary Building | 14'3 x 13'4 |
| Bedroom | Auxiliary Building | 10'1 |
| Bathroom | Auxiliary Building | 2-Piece |
| Kitchen | Auxiliary Building | 11'10 x 8'3 |
| Dining room | Auxiliary Building | 8'3 x 8'2 |
| Living room | Auxiliary Building | 18'3 x 9'7 |
| Storage | Lower level | 17'5 |
| Bedroom | Lower level | 8'8 x 13'4 |
| Bedroom | Lower level | 7'3 |
| Bathroom | Lower level | 3-Piece |
| Kitchen | Lower level | 12'6 x 8'2 |
| Living room/Dining room | Lower level | 12'6 x 12'3 |
| Mud room | Main level | 9' x 15' |
| Entrance | Main level | 5'8 |
| Bedroom | Main level | 13'9 x 12'7 |
| Ensuite | Main level | 4-Piece |
| Bathroom | Main level | 3-Piece |
| Primary Bedroom | Main level | 17'7 |
| Kitchen | Main level | 11'9 x 10'8 |
| Dining room | Main level | 11'8 |
| Living room | Main level | 11'6 x 19'1 |
| Utility room | Lower level | 8'9 x 10'9 |
| Family room | Lower level | 18'1 |
Listing Information
- MLS®
- 1047741
- Listed
- September 2, 2026
- Time on market
- On the market for 11 days
- Data last synced
- September 13, 2026
Listing provided by: The Agency · Data source: CREA DDF.
Description
Welcome to 2229 Arbutus Rd; where lifestyle, flexibility and income potential come together. Set on a private, beautifully landscaped .54 acre lot with meadow, mature gardens, forest and ocean views. This exceptional 6 bed/5 bath, nearly 3,700 sq/ft property offers a rare opportunity for families, extended families, multi generational living or savvy investors. Meticulously cared for and lovingly maintained by the same family for nearly 25 years, this property reflects a great pride of ownership. Every improvement has been thoughtfully considered and completed to a high standard, creating a home that is truly special. Designed to live comfortably while generating meaningful income, the property includes 3 separate living spaces + 3 kitchens, and potential for $100,000+ in rental revenue/yr. Live in one residence while additional suites help offset your mortgage, or enjoy the entire property to suit your needs. The robust income potential can make ownership much more attainable all the while building equity and benefiting from long term appreciation. The main 1,550+ sq/ft, 3 bed/2 bath residence has been extensively renovated and upgraded from 2009–2025, including windows, roof, stucco, exterior finishes, kitchen, perimeter drains and front deck. The 1,400+ sq/ft, 2 bed/2 bath authorized Garden House was added in 2009, while the approximately 700 sq/ft, 2 bed/1 bath in-law suite was completed in 2023. Enjoy expansive decks, mature gardens, spectacular Magnolia, abundance of privacy and a massive driveway ideal for vehicles, boats and RVs. The detached 2 car garage/workshop offers excellent storage and flexibility, while the substantial forested backyard may offer future potential for a large secondary dwelling (buyer to verify). All this, just minutes from UVic, schools, transit routes, Arbutus Cove and the beach. An exceptional opportunity to secure a lifestyle property with multiple income streams, flexibility and significant future potential. (id:63159)
Values & Trends
This listing
$484/sqft
Building average
—
No other active listings in this building
Arbutus average
$688/sqft
8 active listing(s)
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
| School | Type | Distance |
|---|---|---|
| Arbutus Global Middle School | Elementary | 751 m |
| Hillcrest Elementary | Elementary | 898 m |
| Maria Montessori Academy(Independent) | Elementary | 985 m |
| Mount Douglas Secondary | Secondary | 1.1 km |
| ArtsCalibre Academy(Independent) | Elementary/Middle | 1.2 km |
| Torquay Elementary | Elementary | 1.5 km |
| Frank Hobbs Elementary | Elementary | 1.5 km |
| Gordon Head Middle School | Elementary | 1.7 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+)
- Arbutus Cove Park258 m
- Gordon Head East Park489 m
- Montague Park502 m
- Hollydene Park518 m
- James Houlihan Park697 m
Nearby places data: © OpenStreetMap contributors.
School district: Victoria (SD61)
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Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.