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Exceptional Property

2297 Covington Place, Saanich

$850,000

3 Bedrooms

2 Bathrooms

1700 sqft

Property Highlights

Distinctive Features That Set This Property Apart

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Property Type

Single Family

Style

House

Year Built

1989

Square Footage

1700 square feet

Bedrooms

3 Bedrooms

Bathrooms

2 Bathrooms

Distinguished Features

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Property Overview

A Closer Look at This Distinguished Residence

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Fantastic opportunity to acquire a home in the popular Arbutus area of Saanich East. Situated at the end of a quiet no thru street, this home is walking distance to UVIC, Mount Douglas High & Arbutus Middle School with Cadboro Bay Village and Gyro Park beach close by. This well laid out 1989 built ranch style home features a vaulted ceiling in the ...

MLS Number

1010684

Listed By

RE/MAX Camosun

Last Updated

Aug 14, 2025, 4:25 p.m.

Data Source

CREA

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Agent's Insight

Property Specifications

Comprehensive Details of This Fine Residence

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Experience The Property

View Virtual Tour

Property Specifications

Property Type

Single Family

Architectural Style

House

Year Built

1989

Square Footage

1700

Zoning

Residential

Interior Features

Number of Fireplaces

Climate Control & Utilities

Heating System

Baseboard heaters, Electric

Air Conditioning

None

Information deemed reliable but not guaranteed. Buyers should verify all property details.

Property Provenance

Historical Timeline of This Distinguished Address

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Property Timeline

Historical transactions and listing information

New

MLS# 1010684

List Date

Aug 12, 2025, 4:49 p.m.

List Price

$850,000

Property Type

Sale

Bedrooms

Bathrooms

Financial Planning

Tools to Help You Plan Your Investment

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Mortgage Financing Calculator

Calculate your monthly mortgage payments and visualize your investment over time.

Property Purchase Price

300,000

Down Payment

20%

Interest Rate

% p.a.

Amortization Period

Monthly Payment

Per Month

Mortgage Details

Loan Amount

$240,000

Total Interest

Total Payments

Loan-to-Value Ratio

80%

Total Number of Payments

360

Financial Insight

Your 20%+ down payment typically eliminates the need for private mortgage insurance, potentially saving you thousands over the life of your loan.

This calculator provides an estimate only. Your actual mortgage terms may vary based on credit history, lender requirements, and other factors.

Investment Cash Flow Analysis

Analyze your property's financial performance by tracking income and expenses to calculate net cash flow.

Analysis Period:

Total Income

$4,300/monthly

2 income sources

Total Expenses

$2,530/monthly

3 expense items

Net Cash Flow

$1,770/monthly

Positive investment return

Cash Flow Analysis

This property generates a positive cash flow of $1,770 per monthly. Consider reinvesting this surplus to enhance property value, build reserves for maintenance, or diversify your investment portfolio.