Property Type: Land / LotOwnership: Strata

3805 Madaric Pl

Saanich, BC V8Z2N1

$975,000

0 bed0 bath2 parking
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Property Details

Property & Lot

Lot size
6,666 square feet
Zoning
Residential

R6

Ownership & Fees

Property type
Land / Lot
Ownership
Strata
Strata / maintenance fee
$1/mo
Annual property tax
$1

Interior

Fireplace
None

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.

Listing Information

MLS®
1030735
Listed
April 1, 2026
Time on market
On the market for 152 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Camosun · Data source: CREA DDF.

Description

A unique opportunity in a PRIME location to build your dream home! Welcome to Madaric Place… a new 4 lot subdivision nestled off Laburnum Road - across from Marigold Park on a quiet, no-thru street. These easy build lots are level, cleared, & serviced, offering an ideal canvas for your custom home plans. Backyards have southwest exposure, offering plenty of sunlight for entertaining & the front yards are extended with the park just steps from your door. The park has a large playground, plenty of walking trails, open fields, picnic tables & a sport court. Easy access to all amenities, schools, & the Galloping Goose bike trail. Purchase a Lot and bring your own builder or simplify the process by partnering with Conforti Homes - a trusted local builder with decades of experience crafting quality homes right here in the area. Don’t miss your chance to create something very special in this peaceful, park like setting! UP TO 4 UNITS PER LOT UNDER SSMUH GUIDELINES. CLICK ON DRONE LINK BELOW! (id:63159)

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

11

1/9 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
Ecole Marigold SchoolElementary453 m
Spectrum CommunitySecondary469 m
St Joseph's Catholic(Independent)Elementary702 m
Discovery School(Independent)K-121.2 km
Craigflower ElementaryElementary1.4 km
Strawberry Vale ElementaryElementary1.5 km
Colquitz Middle SchoolElementary1.5 km
McKenzie ElementaryElementary1.6 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

Parks (5+)

  • Marigold Park105 m
  • Knockan Hill Park520 m
  • South Valley Park606 m
  • Welland Legacy Park · 1215 Stancil Lane641 m
  • Portage Inlet Linear Park742 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 7.4% ($72,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$780,000.00
Periodic payment — Principal & Interest (monthly)$5,032.30
Additional monthly expenses (strata, tax, utilities, etc.)$1.08
Total monthly cost$5,033.38
Interest paid over 5-yr term$223,550.24
Balance at end of term$701,612.52

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$72,500
Stress test qualifying rate8.09%
Payment you must qualify for$6,939.91

Cash Needed at Closing

Minimum down payment$72,500
Estimated BC PTT$17,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$91,500

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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