301 2580 Penrhyn St
Saanich, BC V8N1G3
$969,000
Property Details
Property & Lot
- Sub-type
- Apartment
- Lot size
- 965 square feet
- Zoning
- Residential/Commercial
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $735/mo
- Annual property tax
- $3,947
Interior
- Heating
- Baseboard heaters, Electric
- Cooling / A/C
- None
- Fireplace
- Yes (1)
- Appliances
- Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Exterior & Lot
- Lot features
- Level lot, Other
Building
- Parcel ID (PID)
- 029-942-870
Parking
- Total spaces
- 1 — uncovered indicated
- Features
- Open
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
| Room | Level | Dimensions |
|---|---|---|
| Balcony | Main level | — |
| Bedroom | Main level | — |
| Bathroom | Main level | 4-Piece |
| Ensuite | Main level | 3-Piece |
| Primary Bedroom | Main level | — |
| Kitchen | Main level | — |
| Living room | Main level | — |
| Den | Main level | — |
| Entrance | Main level | — |
Listing Information
- MLS®
- 1047755
- Listed
- August 25, 2026
- Time on market
- On the market for 7 days
- Data last synced
- August 29, 2026
Listing provided by: Newport Realty Ltd. · Data source: CREA DDF.
Description
Extravagant PENTHOUSE, over 1,000sf, 2 bed+den/home office situated in the prestigious ''Element'' by Abstract Dev. at Cadboro Bay Village. This opulent residence has undergone over $95,000 in lavish custom upgrades, including a meticulously crafted gourmet kitchen adorned with bespoke cabinetry, premium appliances, abundant storage and luxurious Dekton stone countertops. Indulge in the ambiance of the 50'' fireplace with a designer stone feature and custom wood mantle in the bright and spacious living and dining area. Enjoy the comfort of gas-fired, on-demand hot water, heated bathroom floors and with its striking architectural features such as 10-ft ceilings, 4 skylights, transom windows, exquisite hardwood flooring, this top floor beauty exudes character & sophistication. Experience west coast sunsets on your west facing balcony with gas/power/water & experience the epitome of luxury living in Cadboro Bay Village, with its proximity to parks, beaches, bike trails, UVic, and convenient transit options along with great walking routes for you and your pets - 1 dog or 2 cats welcome. This is truly a Seaside Escape not to be missed! (id:63159)
Values & Trends
This listing
$1,003/sqft
Building average
—
No other active listings in this building
Cadboro Bay average
—
No comparable active listings
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
56
5/9 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
| School | Type | Distance |
|---|---|---|
| Frank Hobbs Elementary | Elementary | 494 m |
| Arbutus Global Middle School | Elementary | 1.3 km |
| Campus View Elementary | Elementary | 2.0 km |
| Mount Douglas Secondary | Secondary | 2.0 km |
| Maria Montessori Academy(Independent) | Elementary | 2.1 km |
| St. Michaels University School(Independent) | K-12 | 2.6 km |
| ArtsCalibre Academy(Independent) | Elementary/Middle | 2.9 km |
| Hillcrest Elementary | Elementary | 2.9 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)
- Thai Lemongrass · 3838 Cadboro Bay Road105 m
- Mutsuki-An Japanese Restaurant · 2560A Sinclair Road153 m
Cafes (3)
- Moka House · 1849b Cadboro Bay Road34 m
- Olive Olio's · 3840 Cadboro Bay Road87 m
- Jusu · 2560 Sinclair Road149 m
Grocery (1)
- Pepper's Foods · 3829 Cadboro Bay Road88 m
Parks (5+)
- Maynard Park163 m
- Cadboro-Gyro Park209 m
- Unnamed355 m
- Goward Park590 m
- Unnamed637 m
Pharmacies (1)
- Heart Pharmacy · 3825 Cadboro Bay Road96 m
Nearby places data: © OpenStreetMap contributors.
School district: Victoria (SD61)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.4% ($71,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
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.