- Active
#203 – 7098 Wallace Drive
Central Saanich · Single Family
- Beds
- 1
- Baths
- 1
- Sqft
- 663
- Built
- 2023
Listed by Engel & Volkers Vancouver Island · MLS® 1042628
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Sign inAbout this home
Welcome to The Wallace, a thoughtfully designed, energy-modelled building in the heart of Brentwood Bay, surrounded by everyday conveniences, oceanside walking trails, green spaces and coastal charm. This spacious 1 bedroom, 1 bathroom condo features vaulted ceilings, wide-plank oak engineered hardwood floors, an electric fireplace, quartz countertops and premium stainless steel appliances. The spa-inspired bathroom offers dual sinks, a walk-in shower, and quality finishes. Step onto the sun-soaked balcony to enjoy peaceful views and entertain friends. Superior soundproofing, secure underground parking, storage, bike lockers, a shared EV charger, Modo Car Share membership and the balance of a 2 5 10 warranty remaining, all provide exceptional value. Minutes from marinas, beaches, golf, farmers' markets, dining, shopping, and the world-famous Butchart Gardens. Enjoy the perfect balance of urban convenience and nature, with every amenity just moments away for effortless daily living.
Home facts
- Bedrooms
- 1
- Bathrooms
- 1 full
- Interior
- 663 sq ft
- Lot size
- 663 sq ft
- Year built
- 2023
- Parking
- 1
- Property type
- Single Family
- Fireplace
- 1
- Area
- Brentwood Bay
- Listed
- July 8, 2026
- Structure
- Apartment
- PID
- 032-020-422
- Common interest
- Condo/Strata
Highlights
- Balcony
- EV charging
- Underground parking
- High ceilings
- Fireplace
- Hardwood floors
Features and inclusions
- Appliances
- Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave
- Heating
- Baseboard heaters
- Cooling
- None
- Parking
- Underground, Electric Vehicle Charging Station(s)
- Lot
- Private setting, Other
- Community
- Family Oriented, Pets Allowed With Restrictions
Rooms and building
- Water
- Zoning
- Multi-Family
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
- $2,322
- Property tax
- $142/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $2,614
Purchase snapshot
- List price
- $489,900
- Down payment
- $97,980 (20%)
- Estimated mortgage
- $391,920
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $2,444
- At 4.9890 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
For investors
As a rental
- Estimated rent
- $959 a month
- Gross yield
- 2.3%
Estimated rent from Statistics Canada rents for this area, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs.
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Low risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Detached · 48%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.
