3111 Rutledge St

Mayfair, Victoria · MLS® 1051776

212

911 sq ft · 5,590 sq ft lot · House · Single Family · built 1948 · 22 days on market

listed by Blair Veenstra, RE/MAX Camosun

realtor's description

Set on a 50 x 111 corner lot in a convenient central location, This house offers an opportunity to build equity. House is in need of updates and repairs, bring your tool belt, roll up your sleeves and unlock its potential, or envision repurposing the land to create something new. Just minutes from Cedar Hill Golf Course & Recreation Centre, Mayfair Mall, Uptown, Thrifty Foods and directly across from Topaz Park. Enjoy a short commute to both Camosun College campuses and the University of Victoria. Nearby parks, recreation, transit and major routes make commuting throughout Greater Victoria easy, with convenient connections to Downtown, the Westshore and Peninsula. A great corner property, w/separate garage which has plenty of possibilities. See Addendum A to review.

property details

type: House, Single Family
bedrooms: 2
bathrooms: 1
living area: 911 sq ft
lot: 5,590 sq ft
parking: 2
year built: 1948
property tax: $4,606 / yr
days on market: 22
MLS®: 1051776

the market here

sold vs last asking: -3.1%; median, 26 houses sold
listed now: 45 days; median for 146 houses for sale; this one 22 days

Houses in Victoria, registered sales in the last 6 months (BC Assessment) against each home's last asking price on the MLS®. Sale prices register 1 to 3 months after a sale closes.

property tax by year

year	assessed	est. tax
2026	$803,000	$4,542

The listing shows $4,606 a year in property tax.

Estimate: the BC Assessment value times Victoria'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.

monthly cost

$3,020/mo

Mortgage $2,636 · Tax $384

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

estimated payment

$2,636/ monthly

loan $479,200

25-year amortization

down payment20% · $119,80020%+ down: no mortgage insuranceinterest rate4.44%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 30, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $311,685
property transfer tax: $9,980; BC general rate
cash to close: $129,780; down + PTT
total paid: $790,885

first-time buyernewly builtforeign national

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.

location

lot outline: 520 m² (5,597 sq ft) · PID 005-686-512. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Mayfair, VictoriaGoogle Maps ↗

schools

Catchment schools, Greater Victoria School District 61

Elementary Quadra Elementaryhomes in this catchment
300 m away · 3031 Quadra St, Victoria · 250-382-8296
Middle Lansdowne Middlehomes in this catchment
2.6 km away · 1765 Lansdowne Rd, Victoria · 250-598-3336
Secondary Victoria Highhomes in this catchment
2.2 km away · 1260 Grant St, Victoria · 250-388-5456

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.

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