Property Type: Detached HouseOwnership: Freehold

740 Newbury St

Saanich, BC V9A2C1

$1,550,000

7 bed3 bath6 parking2,948 sqftBuilt 1947
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Property Details

Property & Lot

Sub-type
House
Lot size
13,613 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,754.16

Interior

Heating
Heat Pump, Baseboard heaters, Forced air, Oil, Electric
Cooling / A/C
Window air conditioner
Fireplace
None

Parking

Total spaces
6

Room Dimensions

RoomLevelDimensions
StorageMain level9'10 x 11'2
BedroomSecond level11'6 x 8'10
BedroomSecond level12'10 x 13'2
Attic (finished)Third level24'8
BathroomThird level11'4 x 6'3
BedroomThird level11'1
BedroomThird level9'9 x 12'11
Eating areaThird level7'6 x 10'10
KitchenThird level7'7 x 5'5
Living roomThird level8'3 x 14'11
Hobby roomSecond level8'9 x 5'6
BathroomSecond level11'6 x 8'10
Living roomSecond level17'6 x 17'9
KitchenSecond level12'3 x 12'5
PorchMain level12' x 13'
Laundry roomMain level8'2 x 5'8
BedroomMain level9'7 x 11'8
BathroomMain level8'5 x 6'2
BedroomMain level12'3 x 12'3
Dining roomMain level8'7 x 8'1
KitchenMain level18'9 x 11'1
Living roomMain level15'3 x 15'11
Primary BedroomMain level14'1
EntranceMain level11'5

Listing Information

MLS®
1043305
Listed
July 16, 2026
Time on market
On the market for 46 days
Data last synced
August 28, 2026

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

Description

Beautifully renovated 5-bedroom, 2-bathroom home with a fully self-contained 2-bedroom, 1-bathroom garden suite—ideal for extended family or as a mortgage helper. Lovingly updated by the current owners, this impressive home features high-end finishes and premium appliances throughout. Ample parking and abundant storage provide room for vehicles, RVs, and recreational gear. A lift-up panel in the front fence allows easy motorhome access, while an EV charger and powered shed add convenience. The spacious, grapevine-lined backyard is perfect for entertaining, gardening, family fun, or future development, with the picturesque Colquitz River just beyond the neighboring property. Ideally located steps from Cuthbert Holmes Park, within walking distance of Tillicum Centre, and close to schools and transit. The upper level also offers potential to create an additional 2-bedroom, 1-bathroom suite for extra income or flexible multi-generational living. (id:63159)

Values & Trends

This listing

$526/sqft

Building average

No other active listings in this building

Gorge average

$578/sqft

14 active listing(s)

Parking: 6 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

15

2/9 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
Ecole Marigold SchoolElementary570 m
Spectrum CommunitySecondary576 m
St Joseph's Catholic(Independent)Elementary590 m
Craigflower ElementaryElementary1.1 km
Colquitz Middle SchoolElementary1.1 km
Tillicum Community SchoolElementary1.2 km
Shoreline Community Middle SchoolMiddle1.6 km
McKenzie ElementaryElementary1.6 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 (1)

  • Trini to D Bone · 650 Burnside Road West694 m

Parks (5+)

  • Unnamed137 m
  • Meadow Park234 m
  • Cuthbert Holmes Park426 m
  • Walter Park436 m
  • Tillicum Park610 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($310,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,240,000.00
Periodic payment — Principal & Interest (monthly)$8,000.06
Additional monthly expenses (strata, tax, utilities, etc.)$626.51
Total monthly cost$8,626.57
Interest paid over 5-yr term$355,387.56
Balance at end of term$1,115,384.01

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$310,000
Stress test qualifying rate8.09%
Payment you must qualify for$9,535.17

Cash Needed at Closing

Minimum down payment$310,000
Estimated BC PTT$29,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$340,500

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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