Property Type: Condo / ApartmentOwnership: Strata

301 5388 Hill Rise Terr

Saanich, BC V8Y3K3

$1,899,000

3 bed2 bath2 parking2,006 sqftBuilt 2019
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Property Details

Property & Lot

Sub-type
Apartment
Zoning
Multi-Family

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$896/mo
Annual property tax
$9,315

Interior

Heating
Heat Pump, Forced air
Cooling / A/C
Central air conditioning, Air Conditioned
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view, Ocean view

Parking

Total spaces
2

Restrictions & Policies

Pets
Allowed with restrictions

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

Room Dimensions

RoomLevelDimensions
PantryMain level4'7 x 4'8
Laundry roomMain level5'8 x 7'8
Living roomMain level12'4 x 17'4
Dining roomMain level10'4 x 18'6
KitchenMain level14'1 x 19'6
OfficeMain level9'7 x 6'3
BathroomMain level3-Piece
BedroomMain level10'7 x 15'8
BedroomMain level14'9 x 11'10
EnsuiteMain level5-Piece
BedroomMain level14'10 x 14'0

Listing Information

MLS®
1032821
Listed
May 27, 2026
Time on market
On the market for 96 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Nanaimo Realty (NanIsHwyN) · Data source: CREA DDF.

Description

The Pinnacle at Sayward Hill — an exceptional corner residence showcasing unobstructed, panoramic views over two golf courses, across the Haro Strait, and onward to Mount Baker. This is the largest floorplan in the building and one of the rare end-units offering a true “house-like” feel, with windows on three sides that flood the home with natural light throughout the year. The layout is both spacious and functional, ideal for everyday living and entertaining. Two generous decks extend the living space outdoors, with both east- and west-facing exposures to capture morning sun and evening sunsets. Natural gas connections on both decks add versatility for outdoor living. Built by Jawl, this home features one of the highest levels of finishings in all Sayward Hill developments, including a five-zone heat pump system for efficient heating and cooling, heated tile floors, premium wool carpeting, LED dimmable lighting, a marble gas fireplace surround, and stunning primary ensuite with marble finishes and recessed double medicine cabinets. Extensive custom upgrades further elevate the home, including an expanded kitchen with custom cabinetry, appliance pantry drawers, integrated china cabinet, upgraded Miele appliance package, and two Fisher & Paykel convertible fridge/freezer drawers. Additional highlights include a custom media wall, powered broom closet with central vac, Phantom retractable screens, blackout blinds, a Haiku smart ceiling fan, and custom closet systems. Outdoor enhancements include Sunbrella covered irrigation lines on the east deck, plus a strata-approved privacy curtain on the west deck. Includes two secure underground parking stalls with EV charging. Residents enjoy a well-equipped gym, workshop, bike storage, garden and gathering spaces, car wash area, and added emergency preparedness features. A rare opportunity to own a bright, spacious, and beautifully upgraded home in one of the area’s most sought-after communities. (id:63159)

Values & Trends

This listing

$947/sqft

Building average

$1,015/sqft

3 active listing(s)

Cordova Bay average

$855/sqft

25 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: 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

15

2/9 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
Lakeview Christian School(Independent)Elementary/Middle445 m
Cordova Bay ElementaryElementary889 m
Claremont SecondarySecondary1.7 km
Lochside ElementaryElementary3.7 km
Prospect Lake ElementaryElementary4.0 km
Royal Oak Middle SchoolMiddle4.1 km
Keating ElementaryElementary4.4 km
St. Margaret's(Independent)K-125.7 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

Cafes (1)

  • Adriennes Tea Garden564 m

Parks (5+)

  • Sayward Hill Park · 750 Cordova Bay Road166 m
  • Sayward Hill Park531 m
  • Lochside Park594 m
  • Beckton Park603 m
  • Mattick's Wood Park734 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($379,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,519,200.00
Periodic payment — Principal & Interest (monthly)$9,801.36
Additional monthly expenses (strata, tax, utilities, etc.)$1,772.16
Total monthly cost$11,573.52
Interest paid over 5-yr term$435,407.09
Balance at end of term$1,366,525.31

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$379,800
Stress test qualifying rate8.09%
Payment you must qualify for$11,682.12

Cash Needed at Closing

Minimum down payment$379,800
Estimated BC PTT$35,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$417,280

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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