$1,200,000
938 Ambassador Ave
Beds
5
Baths
4
Sqft
—
Year
1921
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
Flexible family living with income potential in a convenient Lakehill setting. This inviting family home offers space, flexibility, and wonderful outdoor living on a beautifully landscaped lot. The main living space is warm and welcoming, featuring a rustic open-concept kitchen and great room with over-height ceilings that create an airy sense of space. Large windows and patio doors connect seamlessly to the southwest-facing deck, making it easy to enjoy indoor-outdoor living whether you're entertaining friends or simply relaxing in the sunshine. With four bedrooms and four bathrooms, the home provides excellent flexibility for growing families. The property also includes additional accommodation options with a suite and a charming detached studio, offering potential for rental income, guest space, or a private workspace. Outside, the grounds are a true highlight. Mature landscaping surrounds the home, creating a peaceful garden setting complete with a pond, swimming pool, and plenty of space to enjoy the outdoors. The current owner has made many thoughtful improvements over the years while still leaving opportunity for the next owner to add their own style and personal touches. Located in the popular Lakehill / High Quadra neighbourhood, this home is close to excellent schools, parks, shopping and everyday amenities. The Galloping Goose Trail and nearby transit routes make commuting easy, while quick access to major routes provides convenient travel to downtown Victoria, the airport, ferries, and the Western Communities. A wonderful opportunity to create your next chapter in a central and family-friendly neighbourhood. (id:65958)
- Subtype
- Single Family
- Structure
- House
- Community
- Lake Hill
- Common interest
- Freehold
- Living area
- 2,631 square feet
- Lot size
- 10,500 square feet
- Lot dimensions
- 10500
- Parking
- 3 total
- On market
- Apr 10, 2026
- Status changed
- Apr 16, 2026
- Annual tax
- $5,891.42
- Zoning
- Residential
- Photos
- 43
- MLS#
- 1031014
- Area
- SAANICH
Features and systems
Appliances
Heating
Cooling
Lot
Cash on cash
-11.60%
Cap rate
3.57%
GRM
16.7
Break-even rent
$8,442
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.
Lifestyle 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
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.