15 118 Aldersmith Pl

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

rent

$3,100/mo

after all costs

−$3,031/mo

cap rate

1.8%

yearly net rent ÷ price

Costs: mortgage $4,617 · tax $430 · strata $661 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in View Royal: CMHC's average there ($2,772) 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 View Royal Elementaryhomes in this catchment

  1000 m away · 218 Helmcken Rd, Victoria · 250-479-1671

• Middle Shoreline Community Middlehomes in this catchment

  500 m away · 2750 Shoreline Dr, Victoria · 250-386-8367

• Secondary Esquimalt Highhomes in this catchment

  2.7 km away · 847 Colville Rd, Victoria · 250-382-9226

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.