205 990 Doumac Ave

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

rent

$2,470/mo

after all costs

−$2,566/mo

cap rate

1.9%

yearly net rent ÷ price

Costs: mortgage $3,957 · tax $401 · strata $446 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Saanich: CMHC's average there ($2,104) raised by what new tenants pay against everyone in the Victoria area, then down 1.9% 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.

The listing shows $4,815 a year in property tax.

Estimate: the BC Assessment value times Saanich's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

sold vs last asking

-3%

median, 38 condos sold

listed now

49 days

median for 128 condos for sale; this one 21 days

Condos in Saanich, registered sales in the last 6 months (BC Assessment) against each home's last asking price on the MLS®. Sale prices register 1 to 3 months after a sale closes.

the building's lot: 1,672 m² (17,997 sq ft) · PID 032-679-718. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.