2837 Scott St

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

suite rent

$2,680/mo

your cost after the suite

$3,531/mo

vs $5,996 without it

Costs: mortgage $5,281 · tax $540 · insurance ~$175 · vacancy 3% · upkeep 5%.

Suite rent is today's market rent for a 2-bedroom in Victoria: CMHC's average there ($2,284) 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 Oaklands Elementaryhomes in this catchment

  300 m away · 2827 Belmont Ave, Victoria · 250-595-2444

• Middle Lansdowne Middlehomes in this catchment

  500 m away · 1765 Lansdowne Rd, Victoria · 250-598-3336

• Secondary Oak Bay Highhomes in this catchment

  1.7 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.