Property Type: Detached HouseOwnership: Freehold

62 Obed Ave

Saanich, BC V9A1H9

$1,150,000

5 bed3 bath4 parking2,557 sqftBuilt 1922
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Property Details

Property & Lot

Sub-type
House
Lot size
6,950 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,383

Interior

Heating
Baseboard heaters, Forced air, Electric, Natural gas
Cooling / A/C
Central air conditioning, None
Fireplace
Yes (2)

Parking

Total spaces
4 — uncovered indicated
Features
Stall

Room Dimensions

RoomLevelDimensions
StorageOther7'8 x 5'9
StorageLower level7'6 x 11'5
OtherLower level6'0 x 7'7
BedroomAdditional Accommodation10'7 x 14'3
BedroomAdditional Accommodation11'5 x 14'9
BathroomAdditional AccommodationX
Living roomAdditional Accommodation8'2 x 15'1
Dining roomAdditional Accommodation8'2 x 10'0
KitchenAdditional Accommodation15'0 x 7'3
EntranceLower level5'0 x 5'0
BathroomSecond level4-Piece
BedroomSecond level12'4 x 9'5
BedroomSecond level9'7 x 13'0
Primary BedroomSecond level12'4 x 9'5
BathroomMain level2-Piece
Laundry roomMain level7'7 x 9'6
KitchenMain level15'1 x 11'2
Dining roomMain level10'1 x 15'2
Family roomMain level15'1 x 13'1
Living roomMain level10'1 x 13'1
EntranceMain level10'1 x 5'1

Listing Information

MLS®
1044982
Listed
August 5, 2026
Time on market
On the market for 26 days
Data last synced
August 28, 2026

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

Description

Step into 1922 with this quintessential Arts & Crafts character home in the heart of the Gorge. Offering 2,557sqft with 5 bedrooms and 3 bathrooms. This residence blends preserved history with modern peace of mind, including a new roof in 2023. The main floor showcases original fir floors, boxed ceilings, beams, grand character windows with classic multi-pane transoms, and rich wood detailing throughout. Period charm abounds with original tin wall coverings, built-in dining room cabinetry with leaded glass, and additional leaded glass windows above. Coal fireplaces with original tile grace both the parlour and living room. Relax on the covered front veranda overlooking the beautifully landscaped yard. A private 2-bedroom in-law suite is accessed via the left-side pathway, with separate patio spaces for Owner and Tenant. Garage currently used for storage with potential to convert back, plus long driveway access. (id:63159)

Values & Trends

This listing

$450/sqft

Building average

No other active listings in this building

Gorge average

$583/sqft

14 active listing(s)

Parking: 4 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

33

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
Tillicum Community SchoolElementary664 m
Selkirk Montessori School(Independent)Elementary/Middle1.1 km
Esquimalt High SchoolSecondary1.1 km
SJ Burnside Education CentreSecondary1.1 km
Victoria West ElementaryElementary1.4 km
Colquitz Middle SchoolElementary1.5 km
BeausoleilElementary1.8 km
Victor-BrodeurK-121.8 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+)

  • Marhaba Restaurant · 90 Gorge Road West222 m
  • Hecklers Bar & Grill · 123 Gorge Road East505 m
  • Kuku's · 24 Burnside Road West523 m
  • Brady's Fish & Chips535 m
  • Floyd's Diner543 m

Cafes (1)

  • The Rebel Garage507 m

Grocery (2)

  • Unnamed538 m
  • Fairway Market Gorge Centre · 272 Gorge Road West673 m

Parks (5+)

  • Qu'appelle Park423 m
  • Gorge Park · 251 Gorge Road West441 m
  • Arm Street Promenade523 m
  • Unnamed534 m
  • Arm Street Park · 1455 Arm Street543 m

Shopping (1)

  • Gorge Shopping Centre644 m

Pharmacies (2)

  • Forbes IDA Pharmacy508 m
  • Unnamed · 2947 Tillicum Road638 m

Banks & ATMs (2)

  • Scotiabank545 m
  • CIBC · 2925 Tillicum Road690 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 7.8% ($90,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$920,000.00
Periodic payment — Principal & Interest (monthly)$5,935.53
Additional monthly expenses (strata, tax, utilities, etc.)$576.58
Total monthly cost$6,512.11
Interest paid over 5-yr term$263,674.64
Balance at end of term$827,542.98

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$90,000
Stress test qualifying rate8.09%
Payment you must qualify for$8,151.03

Cash Needed at Closing

Minimum down payment$90,000
Estimated BC PTT$21,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$112,500

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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