3971 Cedarwood St
Saanich, BC V8N3N3
$1,175,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 6,843 square feet
- Zoning
- Residential
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,284.01
Interior
- Heating
- Baseboard heaters, Natural gas
- Cooling / A/C
- None
- Fireplace
- Yes (1)
Parking
- Total spaces
- 5
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Laundry room | Lower level | — |
| Other | Lower level | — |
| Other | Lower level | — |
| Bathroom | Lower level | — |
| Bedroom | Lower level | — |
| Bathroom | Lower level | — |
| Laundry room | Lower level | — |
| Bedroom | Lower level | — |
| Bathroom | Lower level | 2-Piece |
| Patio | Lower level | — |
| Laundry room | Lower level | — |
| Kitchen | Lower level | — |
| Kitchen | Lower level | — |
| Bedroom | Main level | — |
| Bathroom | Main level | 4-Piece |
| Bedroom | Main level | — |
| Primary Bedroom | Main level | — |
| Kitchen | Main level | — |
| Dining room | Main level | — |
| Living room | Main level | — |
| Entrance | Lower level | — |
Listing Information
- MLS®
- 1047016
- Listed
- August 15, 2026
- Time on market
- On the market for 17 days
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX Camosun · Data source: CREA DDF.
Description
Discover the ultimate flexibility at 3971 Cedarwood Street, a prime revenue-generating property in the heart of Saanich. This home is thoughtfully configured into 3 separate units—perfect for an owner-occupier seeking mortgage assistance or an extended family needing independent living spaces or revenue generating investment property. Enjoy a quiet, tree-lined setting in Gordon Head with unmatched convenience. You are steps away from Lambrick Park’s recreation facilities, Shelbourne Street amenities, & top-tier schools. The location offers an effortless commute for UVic students & staff, plus easy access to local beaches. Features include ample parking, an EV charger, and high perpetual rental demand, making this an intelligent financial investment. Live comfortably in one unit while generating premium income from the others to drastically lower your monthly costs. This is a rare opportunity to secure a versatile property in a sought-after community. Call today to book your showing! (id:63159)
Values & Trends
This listing
$507/sqft
Building average
—
No other active listings in this building
Lambrick Park average
$583/sqft
5 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 (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
41
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 |
|---|---|---|
| Campus View Elementary | Elementary | 610 m |
| Mount Douglas Secondary | Secondary | 656 m |
| Maria Montessori Academy(Independent) | Elementary | 747 m |
| Cedar Hill Middle | Elementary | 858 m |
| Lambrick Park Secondary | Secondary | 1.0 km |
| ArtsCalibre Academy(Independent) | Elementary/Middle | 1.2 km |
| Gordon Head Middle School | Elementary | 1.3 km |
| Braefoot Elementary | Elementary | 1.3 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 (3)
- Lee's House Asian Fusion Bistro503 m
- Sushi Mago · 4071 Shelbourne Street775 m
- Hot House Pizza790 m
Cafes (2)
- Tim Hortons460 m
- Tim Hortons · 3990 Shelbourne Street466 m
Grocery (2)
- Thrifty Foods · 1626 McKenzie Avenue341 m
- Fairway Market McKenzie · 1521 McKenzie Avenue591 m
Parks (4)
- Blair Park437 m
- Onyx Park517 m
- Glencraig Park597 m
- Fairburn Park704 m
Pharmacies (3)
- Rexall247 m
- University Heights Pharmacy504 m
- The Medicine Shoppe · 4071 Shelbourne Street798 m
Banks & ATMs (2)
- RBC231 m
- CIBC · 3959 Shelbourne Street377 m
Nearby places data: © OpenStreetMap contributors.
School district: Victoria (SD61)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.9% ($92,500) — 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.