Property Type: Condo / ApartmentOwnership: Strata

408 1005 McKenzie Ave

Saanich, BC V8X4A9

$479,900

2 bed1 bath1 parking1,277 sqftBuilt 1975
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Property Details

Property & Lot

Sub-type
Apartment
Zoning
Multi-Family

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$763/mo
Annual property tax
$2,559

Interior

Heating
Electric, Hot Water
Cooling / A/C
None
Fireplace
None

Exterior & Lot

Lot features
Central location, Other

Building

Parcel ID (PID)
000-323-306

Parking

Total spaces
1 — uncovered indicated
Features
Other

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
OtherSecond level5'1 x 11'4
OtherSecond level12'10 x 8'1
LoftSecond level11'8 x 16'7
BedroomMain level9'0 x 11'0
BathroomMain level4-Piece
Primary BedroomMain level12'3 x 11'5
Living roomMain level12'4 x 12'3
Dining roomMain level5'10 x 12'3
KitchenMain level8'5 x 16'7
EntranceMain level10'8 x 8'4

Listing Information

MLS®
1041360
Listed
June 24, 2026
Time on market
On the market for 68 days
Data last synced
August 31, 2026

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

Description

*OPEN HOUSE SUNDAY AUG. 30TH 11AM-1PM* NEW PRICE!! Almost 1,300 sq ft & fully renovated, this bright top-floor loft-style condo offers a rare blend of space, style & convenience in a central location close to everything. Residents enjoy fantastic amenities incl an indoor pool, hot tub, sauna & fitness centre, adding great value for owners, tenants & long-term investors. This unique two-level home is filled w/ natural light thanks to large windows & skylights, creating an airy & inviting living space that feels warm, open & private. The main level features a comfortable living & dining area w/ room to relax or entertain, along w/ an efficient renovated kitchen offering clean finishes, practical storage & an easy everyday layout. The upper level provides a spacious bedroom retreat plus a versatile flex area perfect for a home office, reading lounge, study space, guest area or creative studio. With its loft-style design, top-floor position & thoughtful updates, this home has a character and feel that stands out from the typical condo. The building also features elevator access, separate storage locker & a dedicated parking stall. The larger floor plan gives buyers flexibility that is hardh to find. Ideally located just minutes from shopping, restaurants, cafes, parks, transit & UVic, this home makes daily life simple and convenient. Whether you are a first-time buyer looking for an affordable move-in ready home, a student or parent wanting a smart alternative to renting, or an investor looking for strong rental demand in a high-demand area. This is an opportunity that would be hard to find again. (Measurements are approx) (id:63159)

Values & Trends

This listing

$376/sqft

Building average

No other active listings in this building

Quadra average

$523/sqft

24 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)

12°C

Humidity 89%

Wind NNW calm 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

67

8/9 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
St Andrew's Regional High(Independent)Secondary457 m
Reynolds SecondaryElementary631 m
Lake Hill ElementaryElementary1.0 km
Rogers ElementaryElementary1.1 km
Pacific Christian School(Independent)Elementary1.3 km
St. Margaret's(Independent)K-121.3 km
Braefoot ElementaryElementary1.7 km
McKenzie ElementaryElementary1.7 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 (2)

  • White Spot358 m
  • The Keg · 3940 Quadra Street573 m

Cafes (2)

  • Starbucks385 m
  • Tim Hortons514 m

Grocery (4)

  • Thrifty Foods Quadra · 3995 Quadra Street356 m
  • Planet Organic Market392 m
  • Jempoy's Lechon Victoria · 4087 Quadra Street652 m
  • Vicart · 4089 Quadra Street664 m

Parks (5+)

  • Annie Park99 m
  • Unnamed573 m
  • Unnamed603 m
  • Rainbow Park736 m
  • Unnamed745 m

Shopping (1)

  • Saanich Centre371 m

Gyms (2)

  • Anytime Fitness490 m
  • Quadra Sports & Fitness · 3946 Quadra Street518 m

Pharmacies (1)

  • London Drugs414 m

Banks & ATMs (2)

  • Unnamed197 m
  • TD213 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($23,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$383,920.00
Periodic payment — Principal & Interest (monthly)$2,476.92
Additional monthly expenses (strata, tax, utilities, etc.)$1,039.97
Total monthly cost$3,516.89
Interest paid over 5-yr term$110,032.58
Balance at end of term$345,337.28

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$23,995
Stress test qualifying rate8.09%
Payment you must qualify for$3,505.75

Cash Needed at Closing

Minimum down payment$23,995
Estimated BC PTT$7,598
Legal / closing costs (typical estimate)$1,500
Total cash needed$33,093

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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