Property Type: Detached HouseOwnership: Freehold

4005 Locarno Lane

Saanich, BC V8N3Z9

$1,988,000

4 bed3 bath4 parking2,659 sqftBuilt 2000
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Property Details

Property & Lot

Sub-type
House
Lot size
18,544 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$9,906.26

Interior

Heating
Heat Pump, Forced air, Natural gas
Cooling / A/C
Wall unit
Fireplace
Yes (1)

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
BalconySecond level7'6 x 6'9
EnsuiteSecond level5-Piece
Primary BedroomSecond level14'2 x 15'1
Laundry roomMain level7'9
PantryMain level14'6 x 7'6
PantryMain level5'4 x 8'1
KitchenMain level13'8 x 20'8
Living roomMain level14'3
Dining roomMain level9'3 x 14'9
BathroomMain level4-Piece
BedroomMain level14'5 x 9'5
BedroomMain level11'5 x 15'2
BathroomMain level3-Piece
BedroomMain level11'4 x 13'9
EntranceMain level13'5 x 7'6

Listing Information

MLS®
1038604
Listed
June 8, 2026
Time on market
On the market for 84 days
Data last synced
August 28, 2026

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

Description

Tucked away on a quiet Arbutus lane just moments from the shoreline, this exceptional residence offers a rare blend of timeless architecture, mature gardens, and coastal living. Originally designed by renowned architect Pamela Charlesworth and extensively renovated in 2000, the home has been thoughtfully refined into a private retreat where nearly every room enjoys picturesque views of the surrounding landscape. The property is defined by its extraordinary gardens—an irreplaceable collection of mature roses, clematis, rhododendrons, specimen trees, and layered perennial plantings that create year-round beauty and remarkable privacy. Winding pathways, intimate sitting areas, and thoughtfully designed outdoor spaces invite both quiet reflection and effortless entertaining, while the seamless connection between home and garden creates a lifestyle rarely found today. Designed for comfortable everyday living, the main level offers spacious principal rooms, three bedrooms, and two full bathrooms, providing the ease of predominantly single-level living. Upstairs, a private primary retreat serves as a peaceful sanctuary complete with a dressing room and luxurious five-piece ensuite overlooking the gardens below. Beyond its beauty, the property represents decades of thoughtful stewardship. Established garden layering, succession planting, mature specimen plantings, and comprehensive irrigation infrastructure have created a landscape that would take generations to recreate. Located just steps from the beach and minutes from the University of Victoria, this is a rare opportunity to own a home that offers both privacy and convenience in one of Victoria’s most sought-after coastal neighbourhoods. Properties of this calibre are increasingly difficult to find, combining architectural pedigree, established grounds, and an exceptional lifestyle setting. A home to be enjoyed today and appreciated for generations to come. (id:63159)

Values & Trends

This listing

$748/sqft

Building average

No other active listings in this building

Arbutus average

$692/sqft

7 active listing(s)

Parking: 4 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

7

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
Arbutus Global Middle SchoolElementary511 m
Frank Hobbs ElementaryElementary955 m
Maria Montessori Academy(Independent)Elementary1.3 km
Mount Douglas SecondarySecondary1.3 km
Hillcrest ElementaryElementary1.6 km
ArtsCalibre Academy(Independent)Elementary/Middle1.8 km
Campus View ElementaryElementary1.8 km
Torquay ElementaryElementary2.2 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+)

  • Hollydene Park261 m
  • Unnamed389 m
  • Haro Woods Park511 m
  • Montague Park666 m
  • Arbutus Cove Park714 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($397,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,590,400.00
Periodic payment — Principal & Interest (monthly)$10,260.72
Additional monthly expenses (strata, tax, utilities, etc.)$958.52
Total monthly cost$11,219.24
Interest paid over 5-yr term$455,813.21
Balance at end of term$1,430,569.94

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$397,600
Stress test qualifying rate8.09%
Payment you must qualify for$12,229.62

Cash Needed at Closing

Minimum down payment$397,600
Estimated BC PTT$37,760
Legal / closing costs (typical estimate)$1,500
Total cash needed$436,860

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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