Property Type: Detached HouseOwnership: Freehold

862 Canterbury Rd

Saanich, BC V8X3E6

$1,499,000

7 bed5 bath4 parking3,134 sqftBuilt 1966
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Property Details

Property & Lot

Sub-type
House
Lot size
10,720 square feet
Zoning
Residential

RS-6

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,989.86

Interior

Heating
Heat Pump, Baseboard heaters, Wood
Cooling / A/C
Wall unit
Fireplace
Yes (1)
Appliances
Washer, Refrigerator, Dishwasher, Dryer, Microwave, Freezer

Exterior & Lot

View
City view
Lot features
Central location, Cul-de-sac, Private setting, Southern exposure, Other, Rectangular

Building

Security
Fire alarm system
Parcel ID (PID)
007-788-126

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
BathroomMain level2-Piece
BathroomSecond level3-Piece
BathroomSecond level3-Piece
BathroomMain level3-Piece
BathroomMain level3-Piece
BedroomSecond level9'7
BedroomSecond level8'5 x 11'7
Primary BedroomSecond level12'5
Dining roomMain level7'1 x 10'2
KitchenMain level8'5 x 10'2
Living roomMain level11'10 x 16'2
BedroomMain level11'3 x 9'11
BedroomMain level9'8 x 11'9
BedroomMain level10'2 x 11'6
BedroomMain level11'10 x 9'3
StudioMain level9'8 x 11'6
KitchenMain level11'9 x 15'3
Dining roomMain level8'8 x 17'5
Living roomMain level19'11

Listing Information

MLS®
1044887
Listed
August 2, 2026
Time on market
On the market for 29 days
Data last synced
August 31, 2026

Listing provided by: Royal LePage Coast Capital - Chatterton · Data source: CREA DDF.

Description

Rare, centrally located income property in Saanich! This spacious 7-bedroom + den, 5-bath home includes a 2016 addition with a LEGAL 2-bedroom suite and sits on a 10,700 sq ft lot. Ideal for families or investors! The VACANT suite offers its own entrance, parking, laundry, and hydro meter providing further flexibility to move in family right away or to find your own tenant. Accepted drawings are in place for a 3-bed garden suite or garage, meeting zoning and code requirements and ready for builder permitting. The home is Bright, with flexible living spaces and a functional layout that suits multi-generational living or buyers looking for rental income flexibility. The backyard offers space for gardening, relaxing, or entertaining. Conveniently located near downtown Victoria, BC Ferries, the airport, Camosun, and UVIC. Walk to Swan Lake, the Galloping Goose Trail, parks, schools, and major bus routes. A rare opportunity in one of Victoria’s most sought-after neighbourhoods. (id:63159)

Values & Trends

This listing

$478/sqft

Building average

No other active listings in this building

Swan Lake average

$627/sqft

6 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

11

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
St Andrew's Regional High(Independent)Secondary248 m
Rogers ElementaryElementary948 m
Pacific Christian School(Independent)Elementary1.0 km
Reynolds SecondaryElementary1.1 km
McKenzie ElementaryElementary1.2 km
Lake Hill ElementaryElementary1.4 km
Colquitz Middle SchoolElementary1.6 km
Glanford Middle SchoolElementary1.7 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.

Nearby Places

Parks (5+)

  • Rainbow Park238 m
  • Unnamed258 m
  • Annie Park465 m
  • Rainbow Ridge Park503 m
  • Unnamed646 m

Banks & ATMs (2)

  • Unnamed728 m
  • TD744 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 8.3% ($124,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,199,200.00
Periodic payment — Principal & Interest (monthly)$7,736.83
Additional monthly expenses (strata, tax, utilities, etc.)$739.49
Total monthly cost$8,476.32
Interest paid over 5-yr term$343,694.17
Balance at end of term$1,078,684.28

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$124,900
Stress test qualifying rate8.09%
Payment you must qualify for$10,566.35

Cash Needed at Closing

Minimum down payment$124,900
Estimated BC PTT$27,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$154,380

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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