220 Irving Rd

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

suite rent

$2,300/mo

your cost after the suite

$6,475/mo

vs $8,591 without it

Costs: mortgage $7,702 · tax $714 · insurance ~$175 · vacancy 3% · upkeep 5%.

Suite rent is today's market rent for a 2-bedroom in Cook St., Victoria: CMHC's average there ($1,959) 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, Greater Victoria School District 61

• Elementary Margaret Jenkins Elementaryhomes in this catchment

  300 m away · 1824 Fairfield Rd, Victoria · 250-598-5191

• Middle Monterey Middlehomes in this catchment

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

• Secondary Oak Bay Highhomes in this catchment

  2.1 km 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.