Property Type: Condo / ApartmentOwnership: Strata

416 1025 Inverness Rd

Saanich, BC V8X2S2

$359,000

1 bed1 bath1 parking876 sqftBuilt 1974
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
876 square feet
Zoning
Residential

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$443/mo
Annual property tax
$2,075.12

Interior

Heating
Baseboard heaters, Hot Water
Cooling / A/C
None
Fireplace
None

Parking

Total spaces
1

Restrictions & Policies

Pets
Allowed with restrictions
Age / occupancy
Age restriction applies

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
SunroomMain level
BathroomMain level4-Piece
Primary BedroomMain level
DenMain level
KitchenMain level
Dining roomMain level
Living roomMain level
EntranceMain level

Listing Information

MLS®
1043903
Listed
July 23, 2026
Time on market
On the market for 39 days
Data last synced
August 28, 2026

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

Description

Welcome to this bright, sunny south-facing condo offering a spacious one-bedroom, a large living room with an enclosed balcony and dining area. There is a den off the kitchen with a glass door leading to the living room. Warm wood floors throughout. The Kensington Terrace is a well-managed building and offers additional amenities including a billiard room, rec room, gym, sauna, large workshop, laundry room and a resident caretaker. One parking spot and a storage locker are included. The building is next door to Rutledge Park and transit. Close to Thrifty Foods, Mayfair Mall, Uptown, restaurants and coffee shops. (id:63159)

Values & Trends

This listing

$410/sqft

Building average

No other active listings in this building

Quadra average

$522/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

44

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
Cloverdale Traditional ElementaryElementary321 m
Ecole Quadra ElementaryElementary646 m
SJ Burnside Education CentreSecondary1.3 km
Oak and Orca Bioregional School(Independent)K-121.4 km
VI School of Innovation and Inquiry(Independent)Elementary/Middle1.6 km
Selkirk Montessori School(Independent)Elementary/Middle1.7 km
Doncaster ElementaryElementary1.9 km
Reynolds SecondaryElementary1.9 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+)

  • Shushi Ru · 3189 Quadra Street331 m
  • Halibut House Chinese Food · 3500 Quadra Street481 m
  • Bin 4 Burger Lounge490 m
  • Royal Spice Fine Indian Cuisine566 m
  • Lot 1 Pasta Bar581 m

Cafes (2)

  • Roundhouse Cafe271 m
  • Starbucks698 m

Grocery (2)

  • Thrifty Foods · 3475 Quadra Street423 m
  • H Mart658 m

Parks (5+)

  • Cecelia Creek Falls Park193 m
  • Rutledge Park215 m
  • Glasgow Park275 m
  • Jackson Street Park · 3173 Jackson Street415 m
  • Quadra Heights Playground · 825 Villance Street556 m

Pharmacies (1)

  • Thrifty Foods434 m

Banks & ATMs (2)

  • CIBC713 m
  • Khalsa Credit Union · 3318 Oak Street737 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($17,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$287,200.00
Periodic payment — Principal & Interest (monthly)$1,852.92
Additional monthly expenses (strata, tax, utilities, etc.)$659.49
Total monthly cost$2,512.40
Interest paid over 5-yr term$82,312.35
Balance at end of term$258,337.33

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$17,950
Stress test qualifying rate8.09%
Payment you must qualify for$2,622.56

Cash Needed at Closing

Minimum down payment$17,950
Estimated BC PTT$5,180
Legal / closing costs (typical estimate)$1,500
Total cash needed$24,630

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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