Property Type: TownhouseOwnership: Strata

553 Heatherdale Lane

Saanich, BC V8Z0A4

$1,149,900

4 bed3 bath2 parking2,906 sqftBuilt 2008
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Property Details

Property & Lot

Sub-type
Row / Townhouse
Lot size
2,099 square feet
Zoning
Multi-Family

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$916/mo
Annual property tax
$5,578.49

Interior

Heating
Heat Pump, Electric, Natural gas
Cooling / A/C
Air Conditioned
Fireplace
Yes (2)

Parking

Total spaces
2

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
Living roomAdditional Accommodation11'9 x 13'0
BalconySecond level9'4 x 12'10
BathroomSecond level12'11 x 5'0
StorageSecond level5'1 x 7'3
BedroomSecond level12'0 x 12'7
BedroomSecond level16'5 x 15'2
BedroomSecond level17'2 x 16'6
Eating areaMain level20'1 x 14'6
KitchenMain level17'0 x 8'7
Dining roomMain level11'5 x 15'10
BathroomMain level5'5 x 5'4
Laundry roomMain level7'0 x 9'2
Primary BedroomMain level16'4 x 12'9
BathroomMain level8'9 x 9'2
PatioMain level13'8 x 13'2
EntranceMain level12'3 x 12'8

Listing Information

MLS®
1044773
Listed
August 13, 2026
Time on market
On the market for 18 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Coast Capital - Chatterton · Data source: CREA DDF.

Description

One of the most desirable homes in the complex, this spacious Royal Oak corner unit features a sought-after primary bedroom on the main level, added privacy, and abundant natural light. A grand tiled entry opens to soaring ceilings, crown moulding throughout the main level, two gas fireplaces with stone surrounds, and a chandelier in the dining area. The kitchen features maple cabinetry, quartz counters, tile backsplash, JennAir stove and fridge, and a 2025 Samsung microwave. The primary suite offers patio access, a large walk-in closet with organizers, and an oversized ensuite with additional built-in storage. Upstairs are three generous bedrooms and an upper deck. Enjoy A/C, full laundry, central vac, and a west-facing backyard with a partially covered patio and gas BBQ outlet. A large side-by-side double garage and long driveway provide excellent parking. Surrounded by mature greenery and close to Royal Oak Shopping Centre, Commonwealth Place, transit, parks, and amenities. (id:63159)

Values & Trends

This listing

$396/sqft

Building average

No other active listings in this building

Royal Oak average

$518/sqft

11 active listing(s)

Parking: 2 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

37

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
Royal Oak Middle SchoolMiddle350 m
Northridge ElementaryElementary2.1 km
Lochside ElementaryElementary2.3 km
Claremont SecondarySecondary2.3 km
Glanford Middle SchoolElementary2.3 km
Rogers ElementaryElementary2.7 km
Pacific Christian School(Independent)Elementary2.8 km
St. Margaret's(Independent)K-122.8 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+)

  • Dragon Roll & Sushi Market213 m
  • Yokidomo Sushi276 m
  • Q Pizza · 4517 West Saanich Road286 m
  • The Village292 m
  • Med Grill Restaurant · 4512 West Saanich Road327 m

Cafes (4)

  • Mosi Acqua Cotta656 m
  • Artisan Bistro664 m
  • Tim Hortons725 m
  • Starbucks · 777 Royal Oak Drive763 m

Grocery (2)

  • Thrifty Foods · 777 Royal Oak Drive534 m
  • Country Grocer · 4420 West Saanich Road633 m

Parks (5+)

  • Unnamed292 m
  • Normandy Park296 m
  • Strom Ness Park364 m
  • Commonwealth Place499 m
  • Quick's Bottom Park747 m

Gyms (2)

  • Powerwest Athletics547 m
  • Canada's Best Karate691 m

Pharmacies (2)

  • Pharmasave621 m
  • Shoppers Drug Mart · 4400 West Saanich Road690 m

Banks & ATMs (4)

  • Edward Jones Investments274 m
  • Coast Capital Savings · 777 Royal Oak Drive521 m
  • CIBC603 m
  • BMO · 4470 West Saanich Road645 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 7.8% ($89,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$919,920.00
Periodic payment — Principal & Interest (monthly)$5,935.01
Additional monthly expenses (strata, tax, utilities, etc.)$1,525.68
Total monthly cost$7,460.70
Interest paid over 5-yr term$263,651.72
Balance at end of term$827,471.02

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$89,990
Stress test qualifying rate8.09%
Payment you must qualify for$8,150.34

Cash Needed at Closing

Minimum down payment$89,990
Estimated BC PTT$20,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$112,488

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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