Property Type: DuplexOwnership: Freehold

3104-3106 Richmond Rd

Saanich, BC V8P4P1

$1,499,900

6 bed2 bath6 parking2,454 sqftBuilt 1940
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Property Details

Property & Lot

Sub-type
Duplex
Lot size
6,160 square feet
Zoning
Duplex

See Property Info Report

Ownership & Fees

Property type
Duplex
Ownership
Freehold
Annual property tax
$5,787.71

Interior

Heating
Forced air, Natural gas
Cooling / A/C
None
Fireplace
Yes (2)

Parking

Total spaces
6

Room Dimensions

RoomLevelDimensions
BedroomMain level
KitchenMain level
BathroomMain level3-Piece
BedroomSecond level
BedroomSecond level
BathroomMain level3-Piece
BedroomSecond level
BedroomSecond level
KitchenMain level
Dining roomMain level
BedroomMain level

Listing Information

MLS®
1041746
Listed
June 27, 2026
Time on market
On the market for 65 days
Data last synced
August 28, 2026

Listing provided by: eXp Realty · Data source: CREA DDF.

Description

Outstanding investment opportunity in the popular Richmond/Lansdowne area! This side-by-side duplex generates approx. $7,000/month plus utilities from long-term leases, with excellent development potential. Each unit features 3 bedrooms (1 on the main, 2 up), bright living/dining areas, modern kitchens, and efficient gas furnaces. Spacious lower levels include garage/basement areas with suite potential. One side already improved with new flooring and a framed-in laundry room. Renovated in 2017 with thermal-pane windows, kitchens & baths, plus recent upgrades including new blinds and washer/dryers. Parking for up to 3 vehicles per side via quiet Frechette St cul-de-sac. Ideally located near Hillside Mall, schools, Camosun & UVIC for strong rental demand. With opportunities to add basement suites and explore a Mullti plex with 4-6 units total potential, this is a turn-key income property with growth upside a rare offering not to be missed! (id:63159)

Values & Trends

This listing

$611/sqft

Building average

No other active listings in this building

Camosun average

No comparable active listings

Parking: 6 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

30

7/9 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
Artemis Place Secondary(Independent)Secondary258 m
Lansdowne Middle SchoolMiddle275 m
St. Michaels University School(Independent)K-12585 m
Oaklands ElementaryElementary1.0 km
Victoria School for Ideal Education(Independent)Elementary/Middle1.1 km
Doncaster ElementaryElementary1.4 km
St Patrick's School(Independent)Elementary1.5 km
Ecole Willows ElementaryElementary1.7 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

Restaurants (4)

  • Sushi Island · 1633 Hillside Avenue577 m
  • Noodle Fans645 m
  • Hiro Sushi Xpress655 m
  • Hot House Pizza678 m

Cafes (3)

  • Tim Hortons426 m
  • Starbucks605 m
  • Tim Hortons · 1644 Hillside Avenue657 m

Grocery (1)

  • Farmy Market · 2897 Foul Bay Road656 m

Parks (2)

  • Allenby Park680 m
  • Browning Park794 m

Shopping (3)

  • Marshalls · 1644 Hillside Avenue567 m
  • Walmart701 m
  • Hillside Centre · 1644 Hillside Avenue709 m

Pharmacies (2)

  • Pharmasave · 1641 Hillside Avenue545 m
  • Shoppers Drug Mart560 m

Banks & ATMs (4)

  • Scotiabank592 m
  • Instacoin ATM645 m
  • RBC Royal Bank649 m
  • CIBC719 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Similar Listings Nearby

Similar active properties nearby based on property type, price, and size.

Mortgage & Ownership Cost Calculator

Minimum required: 8.3% ($124,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,199,920.00
Periodic payment — Principal & Interest (monthly)$7,741.48
Additional monthly expenses (strata, tax, utilities, etc.)$605.31
Total monthly cost$8,346.79
Interest paid over 5-yr term$343,900.52
Balance at end of term$1,079,331.92

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$124,990
Stress test qualifying rate8.09%
Payment you must qualify for$10,572.58

Cash Needed at Closing

Minimum down payment$124,990
Estimated BC PTT$27,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$154,488

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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