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Investment signal

$1,729,000

4268 Westervelt Pl

Save this home

Beds

7

Baths

4

Sqft

Year

1997

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

Perched atop a quiet hill in a premier family neighbourhood, this 3,810 sq. ft. executive residence offers incredible scale and unobstructed views of Mt. Douglas and the Olympic Mountains. This solid, well-maintained home reflects the quality of its era and presents an exceptional canvas for those looking to infuse their own modern aesthetic into a high-caliber property. The grand living room features 17-foot vaulted ceilings and a gas fireplace, flowing seamlessly to the deck and main kitchen. A dedicated secondary kitchenette, designed for Asian cuisine, adds rare flexibility for busy families. With a rare 8-bedroom, 6-bathroom layout, the home includes two self-contained suites—perfect for extended family or significant rental income. Enhanced soundproofing and upgraded insulation ensure privacy throughout. While move-in ready, savvy buyers will recognize the opportunity to build equity through personalized updates in one of Saanich’s most sought-after locations near top schools and parks. A versatile investment for a growing family. Book your private showing today. (id:65958)

Subtype
Single Family
Structure
House
Community
Lake Hill
Common interest
Freehold
Living area
3,810 square feet
Lot size
8,599 square feet
Lot dimensions
8599
Parking
5 total
Condo/HOA fee
$0 monthly
Fireplace
2
On market
Mar 20, 2026
Status changed
Apr 16, 2026
Annual tax
$9,832.18
Zoning
Residential
Photos
35
MLS#
1029017
Area
SAANICH

Features and systems

Appliances

WasherRefrigeratorHot TubRange - GasDishwasherRangeDryerMicrowaveGarburator

Heating

Baseboard heatersElectricNatural gas

Cooling

None

Lot

Rectangular

View

Mountain view
Negative cash flow ~$1,825/mo at these assumptions

Cash on cash

-6.33%

Cap rate

3.60%

GRM

16.7

Break-even rent

$10,571

Financing

Down payment$345,800
Loan amount$1,383,200
Mortgage$7,008/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$792
Insurance$80
Maintenance$1,441
CapEx reserve$720
Vacancy loss$433

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 $7,008/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.

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