About this home

INCREDIBLE VALUE FOR A 2 BDRM 2 BATH IN THIS LOCATION!! Located on the QUIET side of the building with a lovely view of the COURTYARD, this GROUND floor unit is perfect for all ages who seek a well laid out 2 bedroom, 2 bathroom unit that feels more like a home with a yard. Bring your dog, cats, and little ones, they'll love the EASY ACCESS PATIO AREA with view. Lovely gas fireplace in the living room (gas included in strata fee). Great floorplan with well separated bedrooms. The spacious primary bedroom includes a walk in closet and 3pce ensuite. Secure underground parking, separate storage and ample visitor parking. Elk Lake, shopping, Commonwealth Rec all within a few blocks. Easy commute to downtown, the airport and ferries. Very well run strata. Great value in today's market!!

Home facts

Bedrooms: 2
Bathrooms: 2 full
Interior: 969 sq ft
Lot size: 1,116 sq ft
Year built: 1994
Parking: 1
Property type: Single Family
Fireplace: 1
Area: Royal Oak
Listed: October 28, 2026
Structure: Apartment
PID: 018-723-331
Common interest: Condo/Strata

Highlights

Patio
Underground parking
Fireplace

Features and inclusions

Appliances: Washer, Refrigerator, Range - Electric, Dishwasher, Dryer
Heating: Baseboard heaters, Electric, Natural gas
Cooling: None
Parking: Underground, Visitor Parking
Lot: Irregular lot size, Other
Community: Family Oriented, Pets Allowed With Restrictions

Rooms and building

Water
Zoning: Multi-Family

Listed by RE/MAX Camosun. Last updated Oct 28, 2026, 10:35 AM.

The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

Monthly and upfront costs

Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.

Monthly ownership costs

Principal and interest: $2,346
Property tax: $142/mo
Home insurance: $150/mo
Estimated monthly total: $2,638

Purchase snapshot

List price: $495,000
Down payment: $99,000 (20%)
Estimated mortgage: $396,000

Estimates only. They leave out utilities, upkeep and closing costs.

Stress test this mortgage

Neighbourhood

Open the map

Walk to Thrifty Foods13 min

Bike to Selkirk Landing35 min

Walk to Selkirk Landing1h 55m

Drive to downtown Vancouver3h 33m

Estimated travel times. Map data © OpenStreetMap contributors.

Most listed

Detached · 46%

Homes for sale nearby, by type

Detached59 for sale

Condo / Apartment32 for sale

Townhouse31 for sale

Land5 for sale

Duplex2 for sale

Active listings within 3 km of this home.

Homes built in Saanich, by type

Low-rise apartment41.7% · 200

Row house40.6% · 195

Single-detached10.4% · 50

Apartment in duplex5.2% · 25

Semi-detached2.1% · 10

Source: Statistics Canada, 2021 Census of Population. 480 dwellings.

Who lives here

Statistics Canada area 59170759 · Saanich

Median age: 67
Renter households: 22%
Average household size: 1.9
Median household income: $82,000

Population (2021): 1,141
Median rent: $1,720
Owner shelter cost: $970
30%+ of income on shelter: 20%
Owner households: 78%
Households with kids: 17%
Immigrants: 26%
Post-secondary: 65%
Average home value (2021): $664,000

Breakdown

$15,000 to $19,9991.1% · 5

$20,000 to $24,9992.2% · 10

$25,000 to $29,9992.2% · 10

$30,000 to $34,9993.2% · 15

$35,000 to $39,9993.2% · 15

$40,000 to $44,9994.3% · 20

$45,000 to $49,9993.2% · 15

$50,000 to $59,9999.7% · 45

$60,000 to $69,9998.6% · 40

$70,000 to $79,9999.7% · 45

$80,000 to $89,9997.5% · 35

$90,000 to $99,9996.5% · 30

$100,000 to $124,99915.1% · 70

$125,000 to $149,9999.7% · 45

$150,000 to $199,9998.6% · 40

$200,000 and over5.4% · 25

Source: Statistics Canada, 2021 Census Profile, dissemination area 59170759.

#110 – 494 Marsett Place

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