$1,050,000
3661 Craigmillar Ave
Beds
2
Baths
1
Sqft
—
Year
1940
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
MAPLEWOOD DEVELOPMENT LANDMARK – 12,000+ SQFT FLAT LOT. A rare, high-yield opportunity in one of Saanich’s most desirable neighborhoods. This expansive, level lot is situated on a quiet, oak-lined laneway and offers significant redevelopment potential under the SSMUH framework (Buyer to verify). A strategic acquisition for developers, builders, or those seeking a premier holding property. The existing character home provides solid rental income or a renovation canvas while you finalize architectural plans, featuring original hardwoods, a spacious living room with fireplace, and a finished attic studio. The unfinished basement offers further footprint flexibility. The massive 12,000+ sq ft site is surrounded by mature trees, offering the perfect blend of privacy and project scale. Unbeatable central location just minutes to UVIC, Uptown, and Downtown Victoria. Invest in the land; build for the future. Opportunities of this caliber in Maplewood are increasingly scarce. (id:65958)
- Subtype
- Single Family
- Structure
- House
- Community
- Maplewood
- Common interest
- Freehold
- Living area
- 1,579 square feet
- Lot size
- 12,269 square feet
- Lot dimensions
- 12269
- Parking
- 2 total
- Fireplace
- 1
- On market
- Feb 12, 2026
- Status changed
- Apr 16, 2026
- Annual tax
- $5,273.14
- Zoning
- Residential
- Photos
- 12
- MLS#
- 1025398
- Area
- SAANICH
Features and systems
Parking
Appliances
Heating
Cooling
Lot
Cash on cash
-11.65%
Cap rate
3.56%
GRM
16.7
Break-even rent
$7,397
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.