Property Type: Condo / ApartmentOwnership: Strata

345 Evergreen Lane

Sidney Island, BC V0N2G0

$699,999

1 bed1 bath2 parking529 sqftBuilt 2010
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Property Details

Property & Lot

Sub-type
Recreational
Lot size
2.72 acres
Zoning
Residential

CD-2

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$283/mo
Annual property tax
$1,147.3

Interior

Heating
Propane, Wood
Cooling / A/C
None
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
2

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

RoomLevelDimensions
KitchenMain level
OtherMain level
BathroomMain level3-Piece
Primary BedroomMain level
Living roomMain level

Listing Information

MLS®
1037273
Listed
May 19, 2026
Time on market
On the market for 104 days
Data last synced
August 28, 2026

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

Description

Rare southwest-facing oceanfront on exclusive Sidney Island featuring a charming cedar cabin built in 2010! This private 2.72-acre property offers 266' of beautiful shoreline and sweeping views across Sidney Channel toward James Island with incredible sunsets and all-day sun. The warm, sheltered lot is gently sloping, beautifully treed with mature fir & arbutus, and located just a short stroll to sandy beaches, orchard, swimming pond, airstrip & dock. The slab-on-grade cabin offers 530sf with living/dining area, bathroom with shower and separate sleeping quarters connected by a covered outdoor space ideal for bbq or future expansion. The covered area could easily be enclosed, creating nearly 800sf of living space. Heated by wood stove and propane heater. Turnkey and perfect as a recreational getaway, this fully off-grid property includes solar power with inverter, batteries & generator, 4,800-gal water storage, water treatment system, septic system, propane tank & on-demand hot water. (id:63159)

Values & Trends

This listing

$1,323/sqft

Building average

No other active listings in this building

Sidney Island average

$1,105/sqft

6 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 (Hartland)

Mainly Clear

15°C

Mainly Clear

Humidity 80%

Wind WNW 5 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Keating ElementaryElementary8.1 km
ḰELSET ElementaryElementary9.3 km
Cordova Bay ElementaryElementary9.4 km
SD 63 Individual Learning CentreSecondary9.5 km
Sidney ElementaryElementary9.6 km
Lakeview Christian School(Independent)Elementary/Middle9.7 km
Stelly's SecondarySecondary9.8 km
Claremont SecondarySecondary10.7 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.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 6.4% ($45,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$559,999.00
Periodic payment — Principal & Interest (monthly)$3,612.92
Additional monthly expenses (strata, tax, utilities, etc.)$404.61
Total monthly cost$4,017.53
Interest paid over 5-yr term$160,497.32
Balance at end of term$503,720.91

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$45,000
Stress test qualifying rate8.09%
Payment you must qualify for$5,036.71

Cash Needed at Closing

Minimum down payment$45,000
Estimated BC PTT$12,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$58,500

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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