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Investment signal

$995,000

278 Burnside Rd E

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Beds

4

Baths

3

Sqft

Year

1993

Type

Single Family

Suite

Suite potential

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

Revenue duplex or ideal starter home, with fabulous central location and easy commute options. Spacious and bright 3BR / 2bath unit upstairs, with separate entrance 1BR/1bath downstairs, with shared laundry in the dbl garage. Separate outdoor space for both downstairs and upstairs units. Double garage with plenty of room for a workshop. Driveway parking for 3 additional vehicles. Walking distance to local schools, parks, Tillicum and Uptown Malls are both a short distance away, and easy transit access. Own as revenue-producing property, live in one and rent the other, use the downstairs suite for in-laws - there are just so many possibilities! Don't miss the best duplex opportunity in the core! (id:65958)

Subtype
Single Family
Structure
Duplex
Community
Rudd Park
Common interest
Condo/Strata
Living area
1,863 square feet
Lot size
10,500 square feet
Lot dimensions
10500
Parking
5 total
Condo/HOA fee
$0 monthly
Fireplace
1
On market
Apr 19, 2026
Status changed
Apr 30, 2026
Annual tax
$4,464.23
Zoning
Residential
Photos
43
MLS#
1032376
Area
SAANICH

Features and systems

Appliances

WasherRefrigeratorRange - ElectricDishwasherDryer

Heating

Baseboard heatersElectricPropane

Cooling

None

Lot

Curb & gutterLevel lotRectangular

Community

Family OrientedPets Allowed With Restrictions
Negative cash flow ~$1,087/mo at these assumptions

Cash on cash

-6.55%

Cap rate

3.55%

GRM

16.7

Break-even rent

$6,119

Financing

Down payment$199,000
Loan amount$796,000
Mortgage$4,033/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$456
Insurance$80
Maintenance$829
CapEx reserve$415
Vacancy loss$249

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.

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.

Mortgage estimate

Estimated $4,033/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 30, 2026.

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