209 5110 Cordova Bay Rd

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

−$4,484/mo

cap rate

0.8%

yearly net rent ÷ price

Costs: mortgage $5,277 · tax $432 · strata $1,012 · 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.

Catchment schools, Saanich School District 63

• Elementary Cordova Bay Elementaryhomes in this catchment

  600 m away · 5238 Cordova Bay Rd, Victoria · 250-658-5315

• Middle Royal Oak Middlehomes in this catchment

  3.4 km away · 751 Travino Lane, Victoria · 250-479-7128

• Secondary Claremont Secondaryhomes in this catchment

  800 m away · 4980 Wesley Rd, Victoria · 250-658-5221

From the Saanich School District 63'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.