306 7098 Wallace Dr
Central Saanich, BC V8M1G9
$470,000
Property Details
Property & Lot
- Sub-type
- Apartment
- Lot size
- 647 square feet
- Zoning
- Residential
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $394/mo
- Annual property tax
- $2,571.91
Interior
- Heating
- Baseboard heaters, Electric
- Cooling / A/C
- None
- Fireplace
- Yes (1)
- Appliances
- Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave
Exterior & Lot
- Lot features
- Central location, Other, Marine Oriented
Building
- Parcel ID (PID)
- 032-020-538
Parking
- Total spaces
- 1
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 | — |
| Living room | Main level | — |
| Bathroom | Main level | 5-Piece |
| Bedroom | Main level | — |
| Kitchen | Main level | — |
| Entrance | Main level | — |
Listing Information
- MLS®
- 1047390
- Listed
- August 20, 2026
- Time on market
- On the market for 11 days
- Data last synced
- August 30, 2026
Listing provided by: Macdonald Realty Ltd. (Sid) · Data source: CREA DDF.
Description
Sophisticated design meets effortless everyday living in this beautifully appointed 1-bedroom, 1-bathroom residence at The Wallace. Thoughtfully laid out with 647 sq. ft. of bright, open living space, the home showcases 9 ft ceilings, engineered hardwood flooring, quartz countertops, stainless steel appliances, and a spacious peninsula kitchen designed for both entertaining and daily life. The generous covered balcony provides the perfect extension of the living space, while the elegant 5-piece bathroom with dual sinks adds a touch of luxury. Secure underground parking, a separate storage locker, bike storage, a shared EV charger, and Modo Car share membership complete this exceptional offering. Located in the heart of Brentwood Bay, you're just steps from cafés, restaurants, boutique shopping, parks, and the waterfront, with marinas, wineries, beaches, and Butchart Gardens all just minutes away. (id:63159)
Values & Trends
This listing
$726/sqft
Building average
$753/sqft
1 active listing(s)
Brentwood Bay average
$578/sqft
11 active listing(s)
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)
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
59
6/9 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 |
|---|---|---|
| Brentwood Elementary | Elementary | 199 m |
| Bayside Middle School | Middle | 920 m |
| Stelly's Secondary | Secondary | 1.0 km |
| SD 63 Individual Learning Centre | Secondary | 2.5 km |
| Keating Elementary | Elementary | 3.3 km |
| ḰELSET Elementary | Elementary | 5.8 km |
| Prospect Lake Elementary | Elementary | 5.9 km |
| Lakeview Christian School(Independent) | Elementary/Middle | 6.5 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 (4)
- Brewsky’s Taphouse · 7100 Wallace Drive74 m
- Yami Sushi98 m
- Bicycle Pizza · 1191 Verdier Avenue371 m
- Masala Roots Indian Cuisine · 1191 Verdier Avenue373 m
Cafes (3)
- Politano Cafe68 m
- Brentwood Bay Village Empourium Café & Gift Shop129 m
- Beauregard Commons · 1191 Verdier Avenue371 m
Grocery (1)
- Fairway Market Brentwood · 7108 West Saanich Road96 m
Parks (2)
- Pioneer Park211 m
- Rom Knott Memorial Park258 m
Pharmacies (1)
- Pharmasave258 m
Banks & ATMs (2)
- RBC92 m
- RBC · 7188 West Saanich Road341 m
Nearby places data: © OpenStreetMap contributors.
School district: Saanich (SD63)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($23,500) — 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.