Property Type: Condo / ApartmentOwnership: Strata

404 7815 Wallace Dr

Central Saanich, BC V8M2B1

$849,900

2 bed2 bath1 parking963 sqftBuilt 2026
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
10,659 square feet
Zoning
Residential

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$400/mo
Annual property tax
$1

Interior

Heating
Heat Pump, Forced air, Electric, Other
Cooling / A/C
Air Conditioned
Fireplace
None

Parking

Total spaces
1

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
EnsuiteMain level
BalconyMain level
BathroomMain level5-Piece
BedroomMain level
Primary BedroomMain level
KitchenMain level
Dining roomMain level
Living roomMain level
EntranceMain level

Listing Information

MLS®
1024890
Listed
February 2, 2026
Time on market
On the market for 210 days
Data last synced
August 28, 2026

Listing provided by: Coldwell Banker Oceanside Real Estate · Data source: CREA DDF.

Description

Thoughtful Design Meets Everyday Comfort. Live beautifully in The Cento, a curated collection of quality-built condos by the Vidalin Group in the heart of Saanichton. Designed by Alan Lowe and interior design by Spaciz - this brand new 2-bedroom, 2-bathroom home offers 963 sq ft of bright, functional living space with a well-designed open floor plan, plus a deck of 185 sq ft for morning coffee, sunset dinners, & everything in between. Enjoy high-end features throughout, including hardwood floors, stainless steel appliances, custom cabinetry, and a chef-inspired kitchen perfect for entertaining. Additional perks include secure underground parking, EV charging, and a separate storage locker for added convenience. All this just steps from shops, cafes, and everything Saanichton has to offer. Experience easy, elegant living at The Cento—where modern comfort meets village charm. Construction is underway now. (id:63159)

Values & Trends

This listing

$883/sqft

Building average

$846/sqft

6 active listing(s)

Saanichton average

$708/sqft

11 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 (Hartland)

Mainly Clear

16°C

Mainly Clear

Humidity 73%

Wind S 6 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Population

17,385

(2021 Census)

+3.4% since 2016

Density: 422/km²

Dwellings: 7,621

Median household income: $103,000

After-tax: $90,000

Immigrant population: 16.2%

Top countries of origin (% of total population)

  • United Kingdom5.3% · 920
  • United States of America1.6% · 280
  • India0.9% · 165
  • Philippines0.9% · 160
  • Germany0.9% · 150
  • Netherlands0.7% · 120
  • South Africa, Republic of0.6% · 110
  • China0.3% · 55

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

67

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

SchoolTypeDistance
SD 63 Individual Learning CentreSecondary947 m
Stelly's SecondarySecondary2.1 km
Brentwood ElementaryElementary3.1 km
Keating ElementaryElementary3.3 km
ḰELSET ElementaryElementary3.5 km
Bayside Middle SchoolMiddle3.8 km
Sidney ElementaryElementary6.5 km
Lakeview Christian School(Independent)Elementary/Middle7.4 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 (1)

  • Prairie Inn Neighbourhood Pub · 7806 East Saanich Road120 m

Grocery (1)

  • Thrifty Foods Central Saanich · 7860 Wallace Drive178 m

Parks (5+)

  • Lisnoe Park82 m
  • Saanichton Green274 m
  • Blossom Park460 m
  • Galbraith Park632 m
  • George May Park674 m

Shopping (1)

  • Pioneer Village Shopping Centre · 7816 East Saanich Road79 m

Pharmacies (2)

  • Shoppers Drug Mart64 m
  • Joe's Family Pharmacy182 m

Banks & ATMs (1)

  • Coast Capital Savings123 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 7.1% ($59,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$679,920.00
Periodic payment — Principal & Interest (monthly)$4,386.61
Additional monthly expenses (strata, tax, utilities, etc.)$447.95
Total monthly cost$4,834.57
Interest paid over 5-yr term$194,867.03
Balance at end of term$611,590.24

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$59,990
Stress test qualifying rate8.09%
Payment you must qualify for$6,074.13

Cash Needed at Closing

Minimum down payment$59,990
Estimated BC PTT$14,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$76,488

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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