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Investment signal

$1,775,000

3022 Sarah Dr

Beds

5

Baths

4

Sqft

Year

2012

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.

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About this home

Welcome to De Mamiel Creek Estates, one of the most desirable locations for serene, rural living. Surrounded by open spaces, fresh air, and the crystal-clear waters of De Mamiel Creek, this acreage offers a peaceful escape while being conveniently close to all amenities. The main house features four spacious bedrooms and a den, providing ample room for family and guests, all bathed in natural light thanks to southern exposure. In addition to the main residence, the property includes a charming ONE-BEDROOM CARRIAGE HOME, perfect for multi-family living or generating rental income. This separate suite opens up great potential for long-term tenants, Airbnb, or extended family members, adding flexibility and financial opportunity. The STUNNING DETACHED SHOP AND OFFICE SPACE, are ideal for those who work from home, run a business, or pursue creative projects. With ample room for remote work and hobbies, the shop and office setup cater perfectly to today’s flexible work environment. Outside, enjoy excellent stream access, a fire pit, covered patio, and a beautifully landscaped yard and garden, offering the ideal space to relax or entertain. This property reflects pride of ownership and offers a truly unique lifestyle, blending the best of country living with modern conveniences and income potential. Experience peaceful rural living at its finest in this exceptional subdivision. Be sure to click the multi-media link below to view the property video! (id:65958)

Subtype
Single Family
Structure
House
Community
Otter Point
Common interest
Condo/Strata
Living area
4,226 square feet
Lot size
1.97 acres
Lot dimensions
1.97
Parking
5 total
Condo/HOA fee
$33 monthly
Fireplace
1
On market
Mar 12, 2026
Status changed
Apr 16, 2026
Annual tax
$5,854
Zoning
Residential
Photos
63
MLS#
1028334
Area
SOOKE

Features and systems

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

Heat PumpBaseboard heatersPropane

Cooling

Fully air conditioned

Lot

AcreageLevel lotPark settingPrivate settingWooded areaOther

Community

Family OrientedPets Allowed
Negative cash flow ~$3,393/mo at these assumptions

Cash on cash

-11.47%

Cap rate

3.60%

GRM

16.7

Break-even rent

$12,446

Financing

Down payment$355,000
Loan amount$1,420,000
Mortgage$8,712/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$814
Insurance$80
Maintenance$1,479
CapEx reserve$740
Vacancy loss$444

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 Sooke. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $8,712/mo at 5.49% with 20% down, 25-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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