978 Lovat Ave

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$999,999

978 Lovat Ave

Quadra, Saanich · MLS® 1051525

2,326 sq ft · 6,929 sq ft lot · House · Single Family · built 1942 · 14 days on market

listed by Varun Sharma, Pemberton Holmes Ltd.

realtor's description

Welcome to this charming character home set on a quiet, family-friendly street offering a versatile 4 bed / 3 bath layout with comfortable living for today & flexibility for tomorrow. Enjoy complete privacy in the fully fenced yard with mature fruit trees - perfect for kids, pets, summer entertaining, gardening & enjoying your morning coffee outdoors. Lower level features a bright 1-bed suite with ensuite, ideal for extended family, guests, work-from-home or flexible living arrangements. Unbeatable central location - minutes to shopping, Uptown, Mayfair, bus routes to Downtown, UVic & ferries, plus quick access to the Goose & Lochside Trails for daily walks and bike rides. Added value per Seller: 200A panel, central vacuum, workshop space & garden shed. Buyer to verify if important. Future use, rental potential & suite compliance to be verified by Buyer with District of Saanich. All info approx., Buyer to verify measurements if important.

property details

type: House, Single Family
bedrooms: 4
bathrooms: 3
living area: 2,326 sq ft
lot: 6,929 sq ft
parking: 0
year built: 1942
property tax: $5,159 / yr
days on market: 14
MLS®: 1051525

features

Private setting
Rectangular
Washer
Refrigerator

the market here

sold vs last asking: -3.3%; median, 57 houses sold
listed now: 42 days; median for 282 houses for sale; this one 14 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	$992,000	$5,159

The listing shows $5,159 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

$4,831/mo

Mortgage $4,401 · Tax $430

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

estimated payment

$4,401/ monthly

loan $799,999

25-year amortization

down payment20% · $200,00020%+ 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: $520,341
property transfer tax: $18,000; BC general rate
cash to close: $218,000; down + PTT
total paid: $1,320,340

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.