- Active
7318 Mark Lane
Central Saanich · Single Family
- Beds
- 3
- Baths
- 3
- Sqft
- 4,154
- Built
- 1997
Listed by Oakwyn Realty Ltd. · MLS® 1043680
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Sign inAbout this home
Experience exceptional West Coast waterfront living in sought-after Willis Point. Set on a private 0.63-acre waterfront property with a DEEP-WATER DOCK AND PRIVATE MOORAGE, this meticulously maintained 4,000+sf home offers 3 bedrooms, 3 bathrooms, and breathtaking ocean views from nearly every room. Vaulted ceilings and expansive windows fill the home with natural light, while the chef-inspired kitchen with dual islands is perfect for entertaining. The primary suite features a walk-in closet, luxurious ensuite, and private hot tub overlooking the water. Over 1,500sf of decks and patios provide seamless indoor-outdoor living. A rare bonus, the property is zoned to permit a detached cottage of up to 968sf for guests or extended family. Extensive updates—including new roof, furnace, hot water tank, water softener, and more—make this move-in-ready waterfront retreat an exceptional opportunity with direct access to world-class boating, fishing & kayaking. Spec & vacancy tax exempt!
Home facts
- Bedrooms
- 3
- Bathrooms
- 3 full
- Interior
- 4,154 sq ft
- Year built
- 1997
- Parking
- 2
- Property type
- Single Family
- Garage
- Yes
- Fireplaces
- 3
- Area
- Willis Point
- Listed
- July 21, 2026
- Structure
- House
- PID
- 023-023-295
- Common interest
- Freehold
Highlights
- Ocean view
- Mountain view
- Waterfront
- Hot tub
- High ceilings
Features and inclusions
- Heating
- Forced air, Propane
- Cooling
- None
- Parking
- Attached Garage, Garage
- Lot
- Moorage
Rooms and building
- Water
- Zoning
- Residential
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
- $17,532
- Property tax
- $1,075/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $18,757
Purchase snapshot
- List price
- $3,699,000
- Down payment
- $739,800 (20%)
- Estimated mortgage
- $2,959,200
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
- $18,454
- 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
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
- Extreme 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 · 46%
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.
