Property Type: Detached HouseOwnership: Freehold

6878 Mark Lane

Central Saanich, BC V9E2A1

$1,497,000

4 bed3 bath4 parking2,729 sqftBuilt 1991
Get Directions

Property Details

Property & Lot

Sub-type
House
Lot size
12,197 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,738

Interior

Heating
Baseboard heaters, Forced air, Electric, Wood
Cooling / A/C
None
Fireplace
Yes (2)
Appliances
Washer, Refrigerator, Dishwasher, Dryer

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean
Lot features
Park setting, Other, Moorage

Building

Parcel ID (PID)
004-239-270

Parking

Total spaces
4 — uncovered indicated
Features
Stall

Room Dimensions

RoomLevelDimensions
BedroomLower level10'11
WorkshopOther
StorageOther
StorageOther
EntranceThird level
BathroomThird level4-Piece
BedroomThird level13'10 x 14'1
BedroomThird level13'6 x 16'6
BathroomMain level2-Piece
StorageMain level6'3
PantryMain level6'3
Dining roomMain level12'7 x 9'7
Living roomMain level25'10 x 13'10
KitchenMain level13'2 x 14'11
Laundry roomLower level6'4 x 14'1
Recreation roomLower level12'10
EnsuiteLower level4-Piece
Primary BedroomLower level12'7 x 15'3

Listing Information

MLS®
1034234
Listed
May 1, 2026
Time on market
On the market for 122 days
Data last synced
September 1, 2026

Listing provided by: The Agency · Data source: CREA DDF.

Description

Nestled in the serene enclave of Willis Point on the Saanich Peninsula, this charming waterfront home offers an unmatched blend of coastal tranquility and timeless appeal. Built in 1991, the 2,828sqft residence spans three thoughtfully designed levels, featuring four bedrooms—including a private master suite on the lower level—each with sweeping ocean vistas. This west-facing oceanfront property includes a deep-water dock, vaulted ceilings, and a wood-burning fireplace. Enjoy panoramic views from the expansive deck, or unwind in the master suite's soaker tub. Set on a 12,197sqft lot with direct water access via private stairs, the home offers peace, privacy, and is located outside the BC Speculation Tax zone—ideal for year-round living or a vacation retreat. A rare opportunity to own a slice of coastal paradise! (id:63159)

Values & Trends

This listing

$549/sqft

Building average

No other active listings in this building

Willis Point average

$623/sqft

5 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 (Hartland)

Mainly Clear

16°C

Mainly Clear

Humidity 73%

Wind S 6 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Population

17,385

(2021 Census)

+3.4% since 2016

Density: 422/km²

Dwellings: 7,621

Median household income: $103,000

After-tax: $90,000

Immigrant population: 16.2%

Top countries of origin (% of total population)

  • United Kingdom5.3% · 920
  • United States of America1.6% · 280
  • India0.9% · 165
  • Philippines0.9% · 160
  • Germany0.9% · 150
  • Netherlands0.7% · 120
  • South Africa, Republic of0.6% · 110
  • China0.3% · 55

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Bayside Middle SchoolMiddle2.8 km
Brentwood ElementaryElementary3.3 km
Stelly's SecondarySecondary4.5 km
SD 63 Individual Learning CentreSecondary5.3 km
Keating ElementaryElementary6.6 km
Prospect Lake ElementaryElementary6.7 km
ḰELSET ElementaryElementary8.0 km
Lakeview Christian School(Independent)Elementary/Middle8.8 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.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 8.3% ($124,700) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,197,600.00
Periodic payment — Principal & Interest (monthly)$7,726.51
Additional monthly expenses (strata, tax, utilities, etc.)$530.83
Total monthly cost$8,257.34
Interest paid over 5-yr term$343,235.60
Balance at end of term$1,077,245.07

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$124,700
Stress test qualifying rate8.09%
Payment you must qualify for$10,552.51

Cash Needed at Closing

Minimum down payment$124,700
Estimated BC PTT$27,940
Legal / closing costs (typical estimate)$1,500
Total cash needed$154,140

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.

Request more information