Property Type: TownhouseOwnership: Strata

518 Carnation Pl

Saanich, BC V8Z6G6

$449,000

2 bed1 bath1 parking974 sqftBuilt 1975
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Property Details

Property & Lot

Sub-type
Row / Townhouse
Lot size
945 square feet
Zoning
Residential

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$505/mo
Annual property tax
$2,246.92

Interior

Heating
Other
Cooling / A/C
None
Fireplace
None

Parking

Total spaces
1

Restrictions & Policies

Pets
Allowed

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

Room Dimensions

RoomLevelDimensions
StorageMain level
BalconyMain level
BalconyMain level
BedroomMain level
Primary BedroomMain level
BathroomMain level4-Piece
Laundry roomMain level
KitchenMain level
Dining roomMain level
Living roomMain level

Listing Information

MLS®
1038138
Listed
May 28, 2026
Time on market
On the market for 95 days
Data last synced
August 28, 2026

Listing provided by: Newport Realty Ltd. · Data source: CREA DDF.

Description

Meticulously renovated townhouse near Tillicum Mall offering stylish, move-in-ready living with exceptional attention to detail. This two-bedroom home blends modern design with quality craftsmanship, creating a space that feels both refined and inviting. Heated floors throughout every room, luxury vinyl plank flooring across every level including the stairs, and smooth refinished ceilings set the stage for elevated living. A bright, sunny balcony provides the perfect outdoor escape. The stunning kitchen features sleek cabinetry, updated countertops, a complete LG appliance suite, and upgraded range hood ventilation. The bathroom was completely transformed with a new tub, fully tiled surround, new vanity, and exhaust fan. Additional upgrades include new interior and closet doors, updated electrical and plumbing, modern lighting, motion sensor closet light, Pico remote dimmer staircase lighting, a new hot water tank, remodelled laundry room, and fresh designer paint throughout. (id:63159)

Values & Trends

This listing

$461/sqft

Building average

No other active listings in this building

Tillicum average

$568/sqft

2 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

15

2/9 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
Colquitz Middle SchoolElementary430 m
McKenzie ElementaryElementary511 m
St Joseph's Catholic(Independent)Elementary657 m
Spectrum CommunitySecondary886 m
Ecole Marigold SchoolElementary911 m
Tillicum Community SchoolElementary1.3 km
Pacific Christian School(Independent)Elementary1.4 km
Glanford Middle SchoolElementary1.5 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)

  • Trini to D Bone · 650 Burnside Road West451 m

Parks (2)

  • Swan Creek Park452 m
  • Hyacinth Park700 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($22,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$359,200.00
Periodic payment — Principal & Interest (monthly)$2,317.44
Additional monthly expenses (strata, tax, utilities, etc.)$741.24
Total monthly cost$3,058.68
Interest paid over 5-yr term$102,947.75
Balance at end of term$323,101.56

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$22,450
Stress test qualifying rate8.09%
Payment you must qualify for$3,280.02

Cash Needed at Closing

Minimum down payment$22,450
Estimated BC PTT$6,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$30,930

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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