Property Type: Condo / ApartmentOwnership: Strata

2316 Magnolia Lane

Sooke, BC V9Z1N9

$599,900

3 bed2 bath2 parking1,168 sqftBuilt 2021
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Property Details

Property & Lot

Sub-type
House
Lot size
4,271 square feet
Zoning
Residential

R1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$706/mo
Annual property tax
$4,186.2

Interior

Heating
Electric, Natural gas, Other
Cooling / A/C
None
Fireplace
Yes (1)
Appliances
Washer, Refrigerator, Range - Gas, Dishwasher, Dryer, Microwave

Exterior & Lot

Lot features
Level lot, Southern exposure, Other

Building

Parcel ID (PID)
031-158-609

Parking

Total spaces
2

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
EntranceMain level
BedroomMain level
EnsuiteMain level3-Piece
BedroomMain level
BathroomMain level4-Piece
Primary BedroomMain level
KitchenMain level
Dining roomMain level
Living roomMain level
PatioMain level

Listing Information

MLS®
1042921
Listed
July 10, 2026
Time on market
On the market for 52 days
Data last synced
August 30, 2026

Listing provided by: Sutton Group West Coast Realty · Data source: CREA DDF.

Description

OPEN HOUSE SATURDAY AUGUST 29th 1:30-3:00PM! Three bedroom two full bathroom patio home at Rivers Edge Village in Sunriver Estates! 2021 built one level rancher just under 1200sqft situated on a 4271sqft lot with showcase rear patio area featuring large covered pergola for year round outdoor enjoyment. Home features include spacious 9' ceilings, gas fireplace in living room, open concept design, chefs kitchen with quartz countertops, entertaining island, large pantry cabinet and stainless steel appliances with gas range, primary bedroom overlooks the landscaped backyard and features walk-in closet plus full ensuite with walk-in shower. Other upgrades include all new lighting, new carpets in bedrooms and murphy bed in second bedroom. Gorgeous landscaping with must see gardens in the fully fenced and private backyard. Garage with workshop bench and double wide driveway for easy parking. Gated community surrounded by nature with walking trails and Sooke River out your door. Easy access to the highway for a short drive into Langford! (id:63159)

Values & Trends

This listing

$514/sqft

Building average

No other active listings in this building

Sunriver average

$522/sqft

2 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: Malahat

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

15,086

(2021 Census)

+16% since 2016

Density: 266.5/km²

Dwellings: 6,431

Median household income: $90,000

After-tax: $79,500

Immigrant population: 11.7%

Top countries of origin (% of total population)

  • United Kingdom4.1% · 620
  • United States of America1.5% · 230
  • Germany0.8% · 120
  • Philippines0.7% · 110
  • Netherlands0.5% · 80
  • China0.2% · 35
  • Poland0.2% · 30
  • Mexico0.2% · 25

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
Ecole Poirier ElementaryElementary1.2 km
Edward Milne Community SchoolSecondary1.3 km
Journey Middle SchoolMiddle1.4 km
Saseenos ElementaryElementary1.8 km
Sooke ElementaryElementary2.1 km
John Muir ElementaryElementary4.3 km
Hans Helgesen ElementaryElementary11.9 km
Willway ElementaryElementary13.4 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+)

  • Sunriver Nature Trail Park129 m
  • Willow Park284 m
  • Riverstone Park · 6327 Riverstone Drive388 m
  • Unnamed517 m
  • Ravens Ridge Park · 2430 Phillips Road528 m

Nearby places data: © OpenStreetMap contributors.

School district: Sooke (SD62)

Mortgage & Ownership Cost Calculator

Minimum required: 5.8% ($34,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$479,920.00
Periodic payment — Principal & Interest (monthly)$3,096.28
Additional monthly expenses (strata, tax, utilities, etc.)$1,112.85
Total monthly cost$4,209.13
Interest paid over 5-yr term$137,546.45
Balance at end of term$431,689.59

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$34,990
Stress test qualifying rate8.09%
Payment you must qualify for$4,343.96

Cash Needed at Closing

Minimum down payment$34,990
Estimated BC PTT$9,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$46,488

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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