$1,499,900
3511 Salsbury Way
Beds
6
Baths
4
Sqft
—
Year
1947
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
Imagine owning one of Victoria's most coveted addresses — tucked away on a quiet, meandering street canopied by mature trees — and having your neighbours essentially cover half your mortgage. That's the reality at 3511 Salsbury Way. This beautifully updated 1947 character home sits in one of Saanich's most sought-after pockets, offering the kind of setting you drive through and think: *I want to live here.* **2 income-gen suites — combined rental income effectively offsets ~$500K of mortgage, bringing true carrying cost closer to a $1M purchase.** Main floor living features 4 bedrooms (2 w/deck access), 2 full bathrooms, separate living, dining & kitchen. Character details: cove ceilings, oak inlaid & fir floors, rounded corners, beautiful mantle, wood doors & era glass knobs. 1 wood-burning fp + 1 two-sided gas fp, picture windows. Updated kitchen w/stone countertops, grand island, breakfast nook, SS appliances & 5-burner gas stove. Primary bedroom w/built-in vanity & 2 closets. Total: 3 kitchens, 2 laundry, 4 bathrooms, ample storage. Fully fenced/gated yard, 4 decks, 2-car garage/workshop, carport, RV/boat parking. Updates: windows, kitchen, appliances, landscaping, paint, gutters, roof demoss, chimney re-pointed ~8 yrs, 200-amp, gas boiler w/radiators 2013, HW tank 2018. Close to Cedar Hill Chip Trail, Mount Douglas, schools, downtown, Uptown & highway access. Easy to view. (id:65958)
- Subtype
- Single Family
- Architectural style
- Character, Other
- Structure
- House
- Community
- Maplewood
- Common interest
- Freehold
- Living area
- 3,326 square feet
- Lot size
- 11,087 square feet
- Lot dimensions
- 11087
- Parking
- 6 total
- Condo/HOA fee
- $0 monthly
- Fireplace
- 2
- On market
- Apr 1, 2026
- Status changed
- Apr 22, 2026
- Annual tax
- $7,106
- Zoning
- Residential
- Photos
- 53
- MLS#
- 1030385
- Area
- SAANICH
Features and systems
Appliances
Heating
Cooling
Lot
Security
Cash on cash
-6.39%
Cap rate
3.59%
GRM
16.7
Break-even rent
$9,181
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: 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
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 22, 2026.