741 Cowper St

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

suite rent

$1,860/mo

your cost after the suite

$4,984/mo

vs $6,695 without it

Costs: mortgage $6,007 · tax $513 · 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.

Catchment schools, Greater Victoria School District 61

• Elementary Craigflower Elementaryhomes in this catchment

  900 m away · 2766 Admirals Rd, Victoria · 250-384-8157

• Middle Shoreline Community Middlehomes in this catchment

  1.3 km away · 2750 Shoreline Dr, Victoria · 250-386-8367

• Secondary Spectrum Community Schoolhomes in this catchment

  900 m away · 957 Burnside Rd W, Victoria · 250-479-8271

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.