Property Type: Condo / ApartmentOwnership: Strata

302 6981 East Saanich Rd

Central Saanich, BC V8Z5Z2

$840,000

2 bed2 bath2 parking1,659 sqftBuilt 2013
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Property Details

Property & Lot

Sub-type
Apartment
Style
Westcoast
Lot size
1,659 square feet
Zoning
Multi-Family

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$672/mo
Annual property tax
$3,400

Interior

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

Exterior & Lot

View
Valley view
Lot features
Corner Site, Other

Building

Parcel ID (PID)
029-167-931

Parking

Total spaces
2 — covered indicated
Features
Detached Garage

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
BalconyMain level
PantryMain level
PatioMain level
Bonus RoomMain level
Family roomMain level
BathroomMain level4-Piece
EnsuiteMain level3-Piece
BedroomMain level
Primary BedroomMain level
Living roomMain level
KitchenMain level
Dining roomMain level
EntranceMain level

Listing Information

MLS®
1043238
Listed
July 16, 2026
Time on market
On the market for 46 days
Data last synced
August 30, 2026

Listing provided by: Newport Realty Ltd. · Data source: CREA DDF.

Description

Welcome to this beautifully appointed Penthouse with sweeping Views over the Valley and Mt.Baker ,priced well below assessment, simply outstanding value!This unique home was created in the Island View Ridge Estates,a well planned community of Strata Homes and Commercial Suites.This contemporary home offers an Open Living plan,beautiful wood flooring vaulted ceilings and 3 Skylights.The kitchen offers high end SS Appliances and a large eating bar .Great Room is anchored by beautiful gas FP flowing through to Dining area as well as a bright Den space.The large Primary offers Custom Built-ins a spacious en-suite and private access to Wrap around Terrace to enjoy your morning Latte.Second bedroom also accesses terrace.The Flex room has a private entrance and would make a perfect home office,gym or Guest sleeping area.This is a very special home, well situated to beaches,shopping and minutes to Victoria.If your looking for style in a quiet location than this home should be viewed. (id:63159)

Values & Trends

This listing

$506/sqft

Building average

No other active listings in this building

Island View average

No comparable active listings

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 (Hartland)

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

17,385

(2021 Census)

+3.4% since 2016

Density: 422/km²

Dwellings: 7,621

Median household income: $103,000

After-tax: $90,000

Immigrant population: 16.2%

Top countries of origin (% of total population)

  • United Kingdom5.3% · 920
  • United States of America1.6% · 280
  • India0.9% · 165
  • Philippines0.9% · 160
  • Germany0.9% · 150
  • Netherlands0.7% · 120
  • South Africa, Republic of0.6% · 110
  • China0.3% · 55

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

30

3/9 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
Keating ElementaryElementary450 m
Stelly's SecondarySecondary2.3 km
Brentwood ElementaryElementary3.3 km
SD 63 Individual Learning CentreSecondary3.5 km
Bayside Middle SchoolMiddle3.8 km
Lakeview Christian School(Independent)Elementary/Middle4.5 km
Cordova Bay ElementaryElementary5.5 km
Prospect Lake ElementaryElementary5.9 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)

  • Tonolli's Deli & Café · 6991 East Saanich Road77 m
  • Harvest Rd. · 2451 Island View Road423 m

Grocery (1)

  • Silver Rill Corn & Produce Market · 7117 Central Saanich Road405 m

Parks (4)

  • Michell Park141 m
  • Cooperidge Park359 m
  • Unnamed631 m
  • Sandhill Park688 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 7.0% ($59,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$672,000.00
Periodic payment — Principal & Interest (monthly)$4,335.52
Additional monthly expenses (strata, tax, utilities, etc.)$1,038.33
Total monthly cost$5,373.85
Interest paid over 5-yr term$192,597.13
Balance at end of term$604,466.17

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$59,000
Stress test qualifying rate8.09%
Payment you must qualify for$6,005.62

Cash Needed at Closing

Minimum down payment$59,000
Estimated BC PTT$14,800
Legal / closing costs (typical estimate)$1,500
Total cash needed$75,300

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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