This 7 bedroom, 2 bath home is conveniently located close to the University of Victoria, making it ideal for students looking for off campus housing. In 2025, the property generated $80K in gross revenue. In addition to the 7 bedrooms, there is a spacious living room, dining room & bonus room plus a kitchen & bathroom on each floor. The basement kitchen was added in 2019. A new landing & stairs to the spacious back yard was built in 2024. The generous layout & multiple living spaces make this home also perfect for a large family / extended family, offering flexibility & room to grow.The property is large & with the new provincial development density initiatives, up to 4 units can be built on the property (RS-6). The surrounding area is known for its tree-lined streets, nearby parks & strong community feel, while still being close to the university & recreation centres. Daily amenities, shopping & dining are also easily accessible, making this location both practical & highly desirable.
Address
1512 Mcrae Ave
List Price
$1,199,888
Property Type
Residential
Type of Dwelling
Single Family Residence
Transaction Type
Sale
Area
Saanich East
Sub-Area
SE Cedar Hill
Bedrooms
7
Bathrooms
2
Floor Area
2,841 Sq. Ft.
Lot Size
9536 Sq. Ft.
Lot Size (Acres)
0.22 Ac.
Year Built
1971
MLS® Number
1031083
Listing Brokerage
RE/MAX Camosun
Basement Area
Finished, Walk-Out Access, With Windows
Postal Code
V8P 1G5
Tax Amount
$5,812.42
Tax Year
2025
Features
Baseboard, Blinds, Dining Room, Dishwasher, Dryer, Forced Air, Laminate, Microwave, Oil, Oven/Range Electric, Refrigerator, Washer
Amenities
Central Location, Fencing: Partial, Landscaped, Level, Near Golf Course, Rectangular Lot, Shopping Nearby, Southern Exposure
