308E 1115 Craigflower Rd

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

rent

$2,080/mo

after all costs

−$1,589/mo

cap rate

2.2%

yearly net rent ÷ price

Costs: mortgage $2,751 · tax $314 · strata $403 · 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.

Catchment schools, Greater Victoria School District 61

• Elementary Craigflower Elementaryhomes in this catchment

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

• Middle Shoreline Community Middlehomes in this catchment

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

• Secondary Esquimalt Highhomes in this catchment

  1000 m 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.