Property Type: Detached HouseOwnership: Freehold

7022 Wallace Dr

Central Saanich, BC V8M1G1

$975,000

3 bed3 bath2 parking1,403 sqftBuilt 2017
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Property Details

Property & Lot

Sub-type
House
Lot size
3,546 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,355.9

Interior

Heating
Forced air, Natural gas
Cooling / A/C
None
Fireplace
Yes (1)
Appliances
Washer, Refrigerator, Dishwasher, Dryer, Microwave, Range - Induction

Building

Parcel ID (PID)
030-167-957

Parking

Total spaces
2 — covered indicated
Features
Garage

Room Dimensions

RoomLevelDimensions
BalconySecond level
EnsuiteSecond level4-Piece
BathroomSecond level4-Piece
Primary BedroomSecond level
BedroomSecond level
BedroomSecond level
PatioMain level
Dining roomMain level
KitchenMain level
Living roomMain level
BathroomMain level2-Piece
EntranceMain level

Listing Information

MLS®
1042761
Listed
July 15, 2026
Time on market
On the market for 47 days
Data last synced
August 31, 2026

Listing provided by: Pemberton Holmes Ltd. · Data source: CREA DDF.

Description

Pleased to present this exceptional residence in the heart of Brentwood Bay. Built by award-winning Cadillac Homes in 2017, this stunning 3Bed 3Bath home offers modern living & shows like new. An excellent opportunity for first-time buyers, young families or those looking to downsize. Feel at ease the moment you enter the open-concept floorplan which boasts 9' ceilings & an abundance of natural light. A generous living room features a Gas FP with custom built-ins & opens seamlessly to the fully fenced, private, SW facing patio & yard-perfect for kids or pets. A beautifully appointed kitchen offers Quartz counters, large island & SS appliances. Upstairs, the spacious primary features a walk-through closet, ensuite & private balcony. Two additional good sized bedrooms & a full second bathroom provide an ideal layout for families or guests. A single car garage & second parking spot complete this offering. Ideally located just mins to Brentwood Bay Village, schools, parks & all amenities! (id:63159)

Values & Trends

This listing

$695/sqft

Building average

No other active listings in this building

Brentwood Bay average

$732/sqft

7 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 (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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

33

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
Brentwood ElementaryElementary332 m
Bayside Middle SchoolMiddle433 m
Stelly's SecondarySecondary1.5 km
SD 63 Individual Learning CentreSecondary3.0 km
Keating ElementaryElementary3.6 km
Prospect Lake ElementaryElementary5.7 km
ḰELSET ElementaryElementary6.3 km
Lakeview Christian School(Independent)Elementary/Middle6.6 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 (4)

  • Bicycle Pizza · 1191 Verdier Avenue501 m
  • Masala Roots Indian Cuisine · 1191 Verdier Avenue504 m
  • Yami Sushi544 m
  • Brewsky’s Taphouse · 7100 Wallace Drive583 m

Cafes (3)

  • Politano Cafe468 m
  • Beauregard Commons · 1191 Verdier Avenue493 m
  • Brentwood Bay Village Empourium Café & Gift Shop609 m

Grocery (1)

  • Fairway Market Brentwood · 7108 West Saanich Road418 m

Parks (5+)

  • Rom Knott Memorial Park267 m
  • Pioneer Park372 m
  • Dawson Park451 m
  • Happy Day Park493 m
  • Damelart Park630 m

Pharmacies (1)

  • Pharmasave517 m

Banks & ATMs (2)

  • RBC · 7188 West Saanich Road526 m
  • RBC528 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 7.4% ($72,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$780,000.00
Periodic payment — Principal & Interest (monthly)$5,032.30
Additional monthly expenses (strata, tax, utilities, etc.)$516.33
Total monthly cost$5,548.62
Interest paid over 5-yr term$223,550.24
Balance at end of term$701,612.52

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$72,500
Stress test qualifying rate8.09%
Payment you must qualify for$6,939.91

Cash Needed at Closing

Minimum down payment$72,500
Estimated BC PTT$17,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$91,500

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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