Property Type: Detached HouseOwnership: Freehold

2940 Cedar Hill Rd

Victoria, BC V8T3H9

$1,049,900

6 bed4 bath5 parking2,165 sqftBuilt 1977
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Property Details

Property & Lot

Sub-type
House
Lot size
5,123 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,492

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
Yes (1)
Appliances
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave

Exterior & Lot

View
City view
Lot features
Central location, Corner Site, Other

Building

Parcel ID (PID)
001-260-774

Parking

Total spaces
5

Room Dimensions

RoomLevelDimensions
BathroomMain level
BathroomSecond level
BathroomSecond level
BedroomSecond level
BedroomSecond level
Primary BedroomSecond level
KitchenSecond level
Dining roomSecond level
Living roomSecond level
BedroomMain level
Primary BedroomMain level
Living roomMain level
KitchenMain level
BathroomMain level
BedroomMain level

Listing Information

MLS®
1044776
Listed
August 2, 2026
Time on market
On the market for 30 days
Data last synced
August 29, 2026

Listing provided by: Royal LePage Coast Capital - Chatterton · Data source: CREA DDF.

Description

Priced significantly below assessed value. Versatile, Updated Home with Income Potential in Central Victoria! Welcome to this exceptional 6 bed, 4 bath home featuring a bright 2-bedroom suite plus a studio suite—perfect for extended family or mortgage helpers. Ideally situated just minutes from Downtown, Hillside Mall, UVic, and Camosun. This home offers a spacious and functional layout with numerous recent updates throughout. Whether you're looking for a comfortable family home or a smart investment, this property delivers flexibility and value. Enjoy ample parking and convenient access to major transit routes including Bus 4 and 24. A rare find in a prime location—don’t miss this opportunity! (id:63159)

Values & Trends

This listing

$485/sqft

Building average

No other active listings in this building

Hillside average

$522/sqft

5 active listing(s)

Parking: 5 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

Mainly Clear

14°C

Mainly Clear

Humidity 86%

Wind WSW 7 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Population

91,867

(2021 Census)

+7.1% since 2016

Density: 4,723.2/km²

Dwellings: 53,070

Median household income: $67,500

After-tax: $60,000

Immigrant population: 20%

Top countries of origin (% of total population)

  • United Kingdom3.8% · 3,505
  • United States of America2.1% · 1,945
  • Philippines2% · 1,845
  • China1.2% · 1,110
  • India0.7% · 650
  • Germany0.6% · 590
  • Korea, South0.4% · 400
  • Netherlands0.3% · 315

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

26

4/9 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
Oak and Orca Bioregional School(Independent)K-12225 m
VI School of Innovation and Inquiry(Independent)Elementary/Middle455 m
Victoria School for Ideal Education(Independent)Elementary/Middle692 m
Oaklands ElementaryElementary756 m
Ecole Quadra ElementaryElementary988 m
George Jay ElementaryElementary1.1 km
Lansdowne Middle SchoolMiddle1.3 km
Cloverdale Traditional ElementaryElementary1.4 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

Restaurants (2)

  • Sarpino's Pizzeria · 3009 Gosworth Road472 m
  • East Garden Restaurant · 2888 Belmont Avenue641 m

Grocery (1)

  • Thrifty Foods · 1580 Hillside Avenue722 m

Parks (5+)

  • Kiwanis Green · 2807 Cook Street64 m
  • Hillside Park · 1280 Hillside Avenue302 m
  • Oswald Park · 3031 Cedar Hill Road312 m
  • Mount Stephen Park · 1280 Ryan Street317 m
  • Smith Hill Reservoir391 m

Shopping (1)

  • Canadian Tire · 1610 Hillside Avenue785 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 7.6% ($79,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$839,920.00
Periodic payment — Principal & Interest (monthly)$5,418.88
Additional monthly expenses (strata, tax, utilities, etc.)$649.00
Total monthly cost$6,067.88
Interest paid over 5-yr term$240,723.49
Balance at end of term$755,510.76

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$79,990
Stress test qualifying rate8.09%
Payment you must qualify for$7,458.27

Cash Needed at Closing

Minimum down payment$79,990
Estimated BC PTT$18,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$100,488

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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