401 7161 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

−$1,598/mo

cap rate

2.5%

yearly net rent ÷ price

Costs: mortgage $3,080 · tax $275 · strata $480 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Central 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 Brentwood Elementaryhomes in this catchment

  300 m away · 7085 Wallace Drive, Brentwood Bay · 250-652-3996

• Middle Bayside Middlehomes in this catchment

  900 m away · 1101 Newton Pl, Brentwood Bay · 250-652-1135

• Secondary Stelly’s Secondaryhomes in this catchment

  1.2 km away · 1627 Stellys Cross Rd, Saanichton · 250-652-4401

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.