$445,000
418 2745 Veterans Memorial Pkwy
Mill Hill, Langford25 days on market
listed by Sutton Group West Coast Realty
MLS® 1051550
504 2629 Millstream Rd
$439,900
504 2629 Millstream Rd
Mill Hill, Langford · MLS® 1052430
all units at Millstream Residences →111
657 sq ft · Condo · Single Family · built 2025 · 14 days on market
listed by Mitch McMichael, Engel & Volkers Vancouver Island
realtor's description
Welcome to Millstream Residences. This functional and thoughtfully designed 1 bedroom unit home offers 657 sqft of living space with balcony, perfect to enjoy during the warm summer months. The open living space features oversized windows that flood the space with tons of natural light, durable neutral flooring and matte black hardware and details throughout that anchor the home. The kitchen features SS LG appliances, quartz countertops and island and two-tone cabinetry with ample room for storage. The building features a large outdoor space where you can connect with your neighbours and enjoy the green spaces, seating, fire tables, BBQ’s and playground. Centrally located in the heart of Langford, you are just minutes from amazing amenities and recreation, schools, hiking trails, parks and lakes. PRICE + GST - 1 parking included.
property details
- type
- Condo, Single Family
- bedrooms
- 1
- bathrooms
- 1
- living area
- 657 sq ft
- parking
- 1
- year built
- 2025
- property tax
- $2,588 / yr
- strata fee
- $251 / mo ($0.38 / sq ft)
- strata rules
- Pets Allowed
- days on market
- 14
- MLS®
- 1052430
features
- Family Oriented
- Pets Allowed
- Washer
- Refrigerator
- Dishwasher
- Stove
monthly cost
$2,403/mo
Mortgage $1,936 · Tax $216 · Strata $251
20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
if you rented it out
- rent
- $2,190/mo
- after all costs
- −$423/mo
- cap rate
- 4.1%
- yearly net rent ÷ price
Costs: mortgage $1,936 · tax $216 · strata $251 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 1-bedroom in Langford: CMHC's average there ($1,874) raised by what new tenants pay against everyone in the Victoria area, then down 1% 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, Sooke School District 62
- Elementary Savory Elementaryhomes in this catchment
800 m away · 2721 Grainger Rd, Victoria · 250-478-9586
- Middle Spencer Middle Schoolhomes in this catchment
1.5 km away · 1026 Goldstream Ave, Victoria · 250-474-1291
- Secondary Belmont Secondaryhomes in this catchment
2.8 km away · 3041 Langford Lake Rd, Victoria · 250-478-5501
From the Sooke School District 62'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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