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Investment signal

$335,000

301 1018 Inverness Rd

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Beds

Baths

Sqft

—

Year

2017

Type

Single Family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Saanich. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to the Shire, a beautifully appointed 1 bedroom, 1 bathroom condo offering 539 sq ft of bright, airy living space. Built in 2017 by the Vidalin Group, this well-maintained wood-frame condo features an open-concept layout with hardwood flooring, quartz countertops, and stainless steel appliances. Large windows flood the space with natural light, creating a warm and modern atmosphere. This unit also includes one underground parking stall and a storage locker, adding convenience and value. An excellent rental investment opportunity, the property is non-owner occupied. Please review the title and housing agreement registered on title, as this condo is restricted to rental use only and cannot be owner-occupied. (id:65958)

Subtype: Single Family
Architectural style: Contemporary
Structure: Apartment
Community: The Shire
Common interest: Condo/Strata
Living area: 539 square feet
Lot size: 539 square feet
Lot dimensions: 539
Parking: 1 total
Condo/HOA fee: $314 monthly
On market: Apr 9, 2026
Status changed: Apr 16, 2026
Annual tax: $1,821
Zoning: Multi-Family
Photos: 25
MLS#: 1028664
Area: SAANICH

Features and systems

Appliances

WasherRefrigeratorRange - ElectricDishwasherDryerMicrowave

Heating

Baseboard heatersElectric

Cooling

None

Lot

Central locationOther

Community

Family OrientedPets Allowed

Negative cash flow ~$419/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-7.50%

Cap rate

3.36%

GRM

16.7

Break-even rent

$2,116

Financing

Down payment$67,000

Loan amount$268,000

Mortgage$1,358/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$154

Insurance$80

Maintenance$279

CapEx reserve$140

Vacancy loss$84

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $1,358/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.