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Pemberton Holmes Ltd.

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305E 1115 Craigflower Rd
homes for sale · Esquimalt · Gorge Vale
305E 1115 Craigflower Rd — photo 1 of 40
1 / 40
$829,000

305E 1115 Craigflower Rd

Gorge Vale, Esquimalt · MLS® 1053205

222

1,335 sq ft · Condo · Single Family · built 2005 · 2 days on market

listed by Jackie Adkins, Royal LePage Coast Capital - Chatterton

realtor's description

Enjoy 1,368 sq. ft. of bright, spacious living in this exceptional 2 Bedroom & Den Corner Suite, ideally situated overlooking the tranquil pond & Gorge Vale Golf Course. This beautifully maintained home features 9-foot ceilings, updated flooring, an expansive living room with fireplace, and desirable western exposure with TWO balconies to enjoy the afternoon and evening sun. The generous kitchen offers abundant cabinetry, all new black stainless appliances in 2022 (including washer & dryer), and a spacious dining area ideal for entertaining. Thoughtfully designed with separated bedrooms, the impressive primary suite features a 5 piece ensuite with double sinks, soaker tub & separate shower. A versatile den provides the perfect home office or flex space. An exceptional bonus is the **TWO side-by-side secure parking stalls** conveniently located near the elevator, plus a separate storage locker. Building amenities include a guest suite, library, meeting room, and kayak and bike storage. New hot water tank 2024.

similar homes nearby

all units at The Ironwood →

property details

type
Condo, Single Family
bedrooms
2
bathrooms
2
living area
1,335 sq ft
parking
2
year built
2005
property tax
$5,035 / yr
strata fee
$565 / mo ($0.42 / sq ft)
strata rules
Pets Allowed With Restrictions
days on market
2
MLS®
1053205

features

  • Other
  • Golf course/parkland
  • Family Oriented
  • Pets Allowed With Restrictions
  • Washer
  • Refrigerator

floor plans

found among the listing photos.

monthly cost

$4,633/mo
Mortgage $3,649 · Tax $420 · Strata $565

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

estimated payment
$3,649/ monthly
loan $663,200
25-year amortization
total interest
$431,363
property transfer tax
$14,580
BC general rate
cash to close
$180,380
down + PTT
total paid
$1,094,563
transfer tax

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

rent
$2,080/mo
after all costs
−$2,755/mo
cap rate
1.3%
yearly net rent ÷ price

Costs: mortgage $3,649 · tax $420 · strata $565 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Esquimalt: CMHC's average there ($1,775) 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.

BC rules for landlords
  • Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
  • Rent increases are capped once a year at the province's set amount. gov.bc.ca
  • The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
  • Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca

schools

Catchment schools, Greater Victoria School District 61

  • Elementary Craigflower Elementaryhomes in this catchment

    1.4 km away · 2766 Admirals Rd, Victoria · 250-384-8157

  • Middle Shoreline Community Middlehomes in this catchment

    1.7 km away · 2750 Shoreline Dr, Victoria · 250-386-8367

  • Secondary Esquimalt Highhomes in this catchment

    1.0 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.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
Jackie Adkins
Royal LePage Coast Capital - Chatterton
call Jackie · 250-857-5253
Powered by: REALTOR.ca

location

Gorge Vale, EsquimaltGoogle Maps ↗

property tax by year

yearassessedest. tax
2026$803,000$5,035
2025$818,000$4,688

Estimated tax up 7.4% from 2025 to 2026.

The listing shows $5,035 a year in property tax.

Estimate: the BC Assessment value times Esquimalt'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.

the market here

listed now
59 days
median for 69 condos for sale; this one 2 days

Condos in Esquimalt. Sale prices register 1 to 3 months after a sale closes.

308E 1115 Craigflower Rd, Esquimalt
Condo
$625,000
23% less per sq ft
308E 1115 Craigflower Rd
Gorge Vale, Esquimaltlisted today
listed by Coldwell Banker Oceanside Real Estate
221990 sq ft
MLS® 1053408
840 Tillicum Rd, Esquimalt
House
$895,000
840 Tillicum Rd
Gorge Vale, Esquimalt44 days on market
listed by eXp Realty
333
302D 1115 Craigflower Rd, Esquimalt
Condo
$629,900
36% less per sq ft
302D 1115 Craigflower Rd
Gorge Vale, Esquimalt32 days on market
listed by DFH Real Estate Ltd.
22
914 McNaughton Ave, Esquimalt
Land
$799,900
14% under assessed
914 McNaughton Ave
Gorge Vale, Esquimalt37 days on market
listed by eXp Realty
4
MLS® 1050582
206C 1115 Craigflower Rd, Esquimalt
Condo
$639,000
206C 1115 Craigflower Rd
Gorge Vale, Esquimalt49 days on market
listed by Pemberton Holmes Ltd.
22
1,800 sq ft
MLS® 1049718
1
1,204 sq ft
MLS® 1050914
1
1,063 sq ft
MLS® 1049494

location

the building's lot: 13,118 m² (141,201 sq ft) · PID 026-164-752. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Gorge Vale, EsquimaltGoogle Maps ↗
Drive times
  • Craigflower Elementary5 min
  • Downtown Victoria9 min
  • Victoria General Hospital10 min
  • Heritage Community College10 min
  • Reynolds Secondary11 min
  • YYJ airport31 min
53

Walkability 53/100 · Somewhat walkable: some errands on foot

Within a 10 minute walk: 10 parks and playgrounds, 24 transit stops.

mihom score from OpenStreetMap places, by straight line distance.