Property Type: Condo / ApartmentOwnership: Strata

401 1571 Mortimer St

Saanich, BC V8P3A7

$449,900

2 bed1 bath1 parking886 sqftBuilt 1974
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
939 square feet
Zoning
Multi-Family

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$617/mo
Annual property tax
$2,216.81

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
None

Parking

Total spaces
1 — uncovered indicated
Features
Stall

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.

Room Dimensions

RoomLevelDimensions
EntranceMain level
BathroomMain level3-Piece
KitchenMain level
Dining roomMain level
Living roomMain level
Primary BedroomMain level
BedroomMain level

Listing Information

MLS®
1041327
Listed
July 10, 2026
Time on market
On the market for 52 days
Data last synced
August 28, 2026

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

Description

Move-in ready and ideally located, this spacious top-floor corner condo offers 2 bedrooms, 1 bathroom, and a bright, functional layout on the quiet side of the building. The updated kitchen provides a modern touch, while the open living and dining areas, along with large windows, create a warm and inviting space filled with natural light. This well-maintained building features a guest suite, separate storage locker, bike storage, workshop, and off-street parking. Conveniently situated just minutes from shopping, restaurants, parks, transit, Camosun College, and UVic, this is an excellent opportunity for first-time buyers, investors, students, or those looking to downsize. A fantastic condo offering exceptional value in a highly desirable neighbourhood with every amenity close at hand. (id:63159)

Values & Trends

This listing

$508/sqft

Building average

No other active listings in this building

Mt Tolmie average

$531/sqft

8 active listing(s)

Parking: 1 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

48

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
Cedar Hill MiddleElementary414 m
Campus View ElementaryElementary774 m
Doncaster ElementaryElementary1.0 km
Braefoot ElementaryElementary1.1 km
Mount Douglas SecondarySecondary1.3 km
Maria Montessori Academy(Independent)Elementary1.4 km
St. Michaels University School(Independent)K-121.5 km
Lambrick Park SecondarySecondary1.6 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

Restaurants (5+)

  • Unnamed309 m
  • Laila Laila Hotpot · 1546 Cedar Hill Cross Road336 m
  • The Rack Bistro · 1550 Cedar Hill Cross Road336 m
  • Fig Delicatessen · 1551 Cedar Hill Cross Road417 m
  • Heart of Asia450 m

Cafes (5+)

  • Ding Tea · 3749 Shelbourne Street306 m
  • Noodle Box317 m
  • Phonomenal357 m
  • Tim Hortons · 3749 Shelbourne Street366 m
  • Tim Hortons478 m

Grocery (5+)

  • Fairway Market McKenzie · 1521 McKenzie Avenue406 m
  • SaanniSunny Asian Market · 1551 Cedar Hill Cross Road408 m
  • Thrifty Foods · 1626 McKenzie Avenue469 m
  • Fairway Market Shelbourne Plaza · 3651 Shelbourne Street516 m
  • Bulk Barn · 3609 Shelbourne Street659 m

Parks (5+)

  • Gore-Peace Memorial Park458 m
  • Onyx Park463 m
  • Horner Park515 m
  • Rendle Green543 m
  • Jennifer Park735 m

Shopping (2)

  • Shelbourne Village Square · 3749 Shelbourne Street337 m
  • Shelbourne Plaza549 m

Pharmacies (2)

  • Rexall526 m
  • Heart Pharmacy IDA · 3643 Shelbourne Street565 m

Banks & ATMs (5+)

  • Coast Capital Savings · 3750 Shelbourne Street336 m
  • Vancity · 1590 Cedar Hill Cross Road398 m
  • TD · 3675 Shelbourne Street437 m
  • RBC491 m
  • CIBC · 3959 Shelbourne Street511 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($22,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$359,920.00
Periodic payment — Principal & Interest (monthly)$2,322.08
Additional monthly expenses (strata, tax, utilities, etc.)$845.24
Total monthly cost$3,167.33
Interest paid over 5-yr term$103,154.11
Balance at end of term$323,749.20

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$22,495
Stress test qualifying rate8.09%
Payment you must qualify for$3,286.59

Cash Needed at Closing

Minimum down payment$22,495
Estimated BC PTT$6,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$30,993

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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