540 Whiteside St

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$1,049,000

540 Whiteside St

Tillicum, Saanich · MLS® 1053102

525

2,476 sq ft · 5,663 sq ft lot · House · Single Family · built 1973 · 4 days on market

listed by Tom Liao, 1NE Collective Realty Inc.

realtor's description

Welcome to 540 Whiteside Street! This spacious 5-bedroom plus den, 2-bathroom home offers 2,476 sq.ft. of versatile living space on a 5,663 sq. ft. lot. With separate entrances, kitchens, and bathrooms on both levels, the layout is ideal for extended family or multigenerational living. Recent upgrades include gutters, a furnace, and an on-demand hot water system. Centrally located in Greater Victoria, this home offers convenient access to downtown Victoria, UVic, Camosun College, and surrounding communities, with many key destinations within approximately a 20-minute drive. Walking distance to Tillicum Centre and Uptown Shopping Centre with shopping, dining, parks, and everyday amenities nearby. A fantastic opportunity offering space, flexibility, and an unbeatable central location!

property details

type: House, Single Family
bedrooms: 5
bathrooms: 2
living area: 2,476 sq ft
lot: 5,663 sq ft
parking: 5
year built: 1973
property tax: $5,398 / yr
days on market: 4
MLS®: 1053102

features

Other
Washer
Refrigerator
Range - Electric
Dishwasher
Dryer

the market here

sold vs last asking: -3.3%; median, 57 houses sold
listed now: 42 days; median for 283 houses for sale; this one 4 days

Houses in Saanich, 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	$1,038,000	$5,398

The listing shows $5,398 a year in property tax.

Estimate: the BC Assessment value times Saanich'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

$5,067/mo

Mortgage $4,617 · Tax $450

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

estimated payment

$4,617/ monthly

loan $839,200

25-year amortization

down payment20% · $209,80020%+ 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: $545,838
property transfer tax: $18,980; BC general rate
cash to close: $228,780; down + PTT
total paid: $1,385,038

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.

if you rented it out

suite rent: $1,860/mo
your cost after the suite: $3,530/mo; vs $5,242 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $4,617 · tax $450 · insurance ~$175 · vacancy 3% · upkeep 5%.

Suite rent is today's market rent for a 1-bedroom in Saanich: CMHC's average there ($1,594) 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