1 2456 Tod Rd

20% down at 4.44% fixed (Ratehub.ca), 25 years; strata fee from the listing.

rent

$3,260/mo

after all costs

−$3,774/mo

cap rate

2.3%

yearly net rent ÷ price

Costs: mortgage $6,597 · strata $1 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Oak Bay: CMHC's average there ($2,909) raised by what new tenants pay against everyone in the Victoria area, then down 6.2% with Victoria's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Catchment schools, Greater Victoria School District 61

• Elementary Willows Elementaryhomes in this catchment

  200 m away · 2290 Musgrave St, Victoria · 250-592-2486

• Middle Monterey Middlehomes in this catchment

  2.1 km away · 851 Monterey Ave, Victoria · 250-598-4589

• Secondary Oak Bay Highhomes in this catchment

  1000 m away · 2121 Cadboro Bay Rd, Victoria · 250-598-3361

From the Greater Victoria School District 61's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.