7318 Mark Lane
Central Saanich, BC V9E2A1
$3,699,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 0.63 acres
- Zoning
- Residential
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $12,877.31
Interior
- Heating
- Forced air, Propane
- Cooling / A/C
- None
- Fireplace
- Yes (3)
Exterior & Lot
- View
- Mountain view, Ocean view
- Waterfront
- Waterfront on ocean
Parking
- Total spaces
- 2
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Patio | Lower level | 13' x 20' |
| Patio | Lower level | 13' x 13' |
| Other | Main level | 12' x 17' |
| Living room | Main level | 23' x 26' |
| Kitchen | Main level | 14' x 19' |
| Family room | Main level | 14' x 14' |
| Entrance | Main level | 13' x 14' |
| Eating area | Main level | 10' x 17' |
| Dining room | Main level | 12' x 12' |
| Den | Main level | 14' x 19' |
| Bathroom | Main level | 2-Piece |
| Storage | Lower level | 10' x 64' |
| Laundry room | Lower level | 5' x 6' |
| Entrance | Lower level | 9' x 12' |
| Ensuite | Lower level | 6-Piece |
| Primary Bedroom | Lower level | 17' x 21' |
| Bedroom | Lower level | 12' x 13' |
| Bedroom | Lower level | 11' x 14' |
| Bathroom | Lower level | 4-Piece |
Listing Information
- MLS®
- 1043680
- Listed
- July 21, 2026
- Time on market
- On the market for 41 days
- Data last synced
- August 28, 2026
Listing provided by: Oakwyn Realty Ltd. · Data source: CREA DDF.
Description
Experience exceptional West Coast waterfront living at 7318 Mark Lane in sought-after Willis Point. Set on a private 0.63-acre waterfront property with a deep-water dock and private moorage, this meticulously maintained 4,000+sf home offers 3 bedrooms, 3 bathrooms, and breathtaking ocean views from nearly every room. Vaulted ceilings and expansive windows fill the home with natural light, while the chef-inspired kitchen with dual islands is perfect for entertaining. The primary suite features a walk-in closet, luxurious ensuite, and private hot tub overlooking the water. Over 1,500sf of decks and patios provide seamless indoor-outdoor living. A rare bonus, the property is zoned to permit a detached cottage of up to 968sf for guests or extended family. Extensive updates—including a new roof, furnace, hot water tank, water softener, and more—make this move-in-ready waterfront retreat an exceptional opportunity with direct access to world-class boating, fishing & kayaking. (id:63159)
Values & Trends
This listing
$890/sqft
Building average
—
No other active listings in this building
Willis Point average
$554/sqft
5 active listing(s)
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)
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
| School | Type | Distance |
|---|---|---|
| Bayside Middle School | Middle | 2.3 km |
| Brentwood Elementary | Elementary | 2.7 km |
| Stelly's Secondary | Secondary | 3.8 km |
| SD 63 Individual Learning Centre | Secondary | 4.5 km |
| Keating Elementary | Elementary | 6.1 km |
| Prospect Lake Elementary | Elementary | 6.9 km |
| ḰELSET Elementary | Elementary | 7.2 km |
| Lakeview Christian School(Independent) | Elementary/Middle | 8.7 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)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($739,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.