306 4394 West Saanich 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

−$1,144/mo

cap rate

3.0%

yearly net rent ÷ price

Costs: mortgage $2,640 · tax $255 · strata $486 · 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 Lochside Elementaryhomes in this catchment

  2.4 km away · 1145 Royal Oak Dr, Victoria · 250-658-5238

• Middle Royal Oak Middlehomes in this catchment

  600 m away · 751 Travino Lane, Victoria · 250-479-7128

• Secondary Claremont Secondaryhomes in this catchment

  3.1 km 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.