518 2000 Hannington Rd

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

rent

$2,790/mo

after all costs

−$2,010/mo

cap rate

2.4%

yearly net rent ÷ price

Costs: mortgage $3,631 · tax $344 · strata $567 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Langford: CMHC's average there ($2,374) 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, Sooke School District 62

• Elementary Lakewood Elementaryhomes in this catchment

  2.0 km away · 2363 Setchfield Ave, Victoria · 250-474-3449

• Middle Spencer Middle Schoolhomes in this catchment

  3.2 km away · 1026 Goldstream Ave, Victoria · 250-474-1291

• Secondary Belmont Secondaryhomes in this catchment

  4.0 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.