- Active
#308 – 7098 Wallace Drive
Central Saanich · Single Family
- Beds
- 1
- Baths
- 1
- Sqft
- 650
- Built
- 2023
Listed by Macdonald Realty Ltd. (Sid) · MLS® 1050111
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Sign inAbout this home
Want a condo with a little more personality? Meet ''The Wallace''! Constructed in 2023 for those who want quality, location and modern style. Pristine & refreshingly unfussy end-unit comes with wide-plank eng'd Oak flooring, quartz counters, stainless appliances, in-suite laundry, fireplace, balcony & quality finishes that look sharp without wasting an inch. Bonus: a heat pump for cooling when summer gets serious! The Wallace nails the practical stuff too: soundproofing, secure parking, storage, bike room, shared EV charger, Car Wash area, Guest Parking & 2-5-10 warranty for added peace of mind. How about location? Check out the Brentwood Bay vibe--it has a bit of everything! Walkable with coffee spots, dining, waterfront, cycling, paddling, marina & parks. Markets, farms, shopping, amenities & Butchart Gardens are part of the neighbourhood mix. It’s the kind of place you can have dinner out or hop on your bike & cruise the sights for a few hours. Are You Ready for a sweet 1 BR condo?!
Home facts
- Bedrooms
- 1
- Bathrooms
- 1 full
- Interior
- 650 sq ft
- Lot size
- 650 sq ft
- Year built
- 2023
- Parking
- 1
- Property type
- Single Family
- Fireplace
- 1
- Area
- Brentwood Bay
- Listed
- September 18, 2026
- Structure
- Apartment
- PID
- 032-020-554
- Common interest
- Condo/Strata
Highlights
- Waterfront
- Balcony
- EV charging
- In-suite laundry
- Underground parking
- Bike storage
Features and inclusions
- Appliances
- Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave
- Heating
- Heat Pump, Electric
- Cooling
- Air Conditioned
- Parking
- Underground, Visitor Parking, Electric Vehicle Charging Station(s)
- Lot
- Central location, Other, Marine Oriented
- 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
- $2,365
- Property tax
- $142/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $2,657
Purchase snapshot
- List price
- $499,000
- Down payment
- $99,800 (20%)
- Estimated mortgage
- $399,200
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
- $2,490
- 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.
