Discover the ultimate flexibility at 3971 Cedarwood Street, a prime revenue-generating property in the heart of Saanich. This home is thoughtfully configured into 3 separate units—perfect for an owner-occupier seeking mortgage assistance or an extended family needing independent living spaces or revenue generating investment property. Enjoy a quiet, tree-lined setting in Gordon Head with unmatched convenience. You are steps away from Lambrick Park’s recreation facilities, Shelbourne Street amenities, & top-tier schools. The location offers an effortless commute for UVic students & staff, plus easy access to local beaches. Features include ample parking, an EV charger, and high perpetual rental demand, making this an intelligent financial investment. Live comfortably in one unit while generating premium income from the others to drastically lower your monthly costs. This is a rare opportunity to secure a versatile property in a sought-after community. Call today to book your showing!
Property Type:
Residential
Type:
Single Family Residence
Year built:
1964
(Age: 62)
Living Area:
2,316 sq. ft.215 m2
Listing General Location:
SE Lambrick Park, Saanich East
Bedrooms:
5
Bathrooms:
4.0
(Full:-/Half:-)
Lot Size:
6,843 sq. ft.636 m2
Kitchens:
3
Taxes:
$5,284.01 /
2026
Building Features:
Basement, Transit Nearby
Construction:
Stucco
New Construction:
No
Basement:
Full, Unfinished, Walk-Out Access, With Windows
Foundation:
Concrete Perimeter
Roof:
Fibreglass Shingle
Floor finish:
Carpet, Concrete, Linoleum, Wood
Total Building Area:
2,724 sq. ft.253 m2
Total Unfinished Area:
408 sq. ft.37.9 m2
# Bedrooms or Dens Total:
5
# Main Level Bedrooms:
3
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
2
# Other Level Bedrooms:
0
# Main Level Bathrooms:
1
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
3
# Other Level Bathrooms:
0
# Main Level Kitchens:
1
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
2
# Other Level Kitchens:
0
Living Area Lower Floor:
1,113 sq. ft.103 m2
Living Area Main Floor:
1,203 sq. ft.112 m2
Living Area Other Floor:
0 sq. ft.0 m2
Living Area 2nd Floor:
0 sq. ft.0 m2
Living Area 3rd Floor:
0 sq. ft.0 m2
Fireplaces:
1
Fireplace Details:
Living Room, Wood Burning Stove
Laundry Features:
In House
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
None
Heating:
Baseboard, Natural Gas
Fireplace:
Yes
Dishwasher, Oven/Range Electric, Refrigerator
Dining/Living Combo, Eating Area
Balcony/Deck, Fenced, Low Maintenance Yard
Main Level
0
Yes
No
Unrestricted
Floor
Type
Size
Other
Main Floor
Bedroom
12'3.66 m × 9'2.74 m
Main Floor
Bedroom
12'3.66 m × 10'3.05 m
Main Floor
Dining Room
11'3.35 m × 9'2.74 m
Main Floor
Deck
23'7.01 m × 13'3.96 m
Main Floor
Kitchen
15'4.57 m × 9'2.74 m
Main Floor
Bedroom - Primary
10'3.05 m × 10'3.05 m
Main Floor
Living Room
16'4.88 m × 15'4.57 m
Lower Level
Kitchen
15'4.57 m × 14'4.27 m
Lower Level
Laundry
5'1.52 m × 2'.61 m
Lower Level
Bedroom
15'4.57 m × 13'3.96 m
Lower Level
Kitchen
20'6.10 m × 11'3.35 m
Lower Level
Patio
19'5.79 m × 12'3.66 m
Lower Level
Entrance
9'2.74 m × 5'1.52 m
Lower Level
Laundry
9'2.74 m × 8'2.44 m
Lower Level
Bedroom
14'4.27 m × 10'3.05 m
Lower Level
Laundry
3'.91 m × 2'.61 m
Lower Level
Other
7'2.13 m × 6'1.83 m
Lower Level
Other
9'2.74 m × 8'2.44 m
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4-Piece
Lower Level
No
2
2-Piece
Lower Level
No
4
7' x 4' 4-Piece
Lower Level
No
4
5' x 7' 4-Piece
Assessed:
1016000.0
Assessment year:
2026
Jurisdiction name:
District of Saanich (SD61)
Legal Description:
LOT 9, PLAN VIP16522, SECTION 57, VICTORIA LAND DISTRICT
Data was last updated August 15, 2026 at 02:05 AM (UTC)
Area Statistics
Listings on market:
19
Avg list price:
$699,000
Min list price:
$399,000
Max list price:
$2,290,000
Avg days on market:
59
Min days on market:
3
Max days on market:
191
Avg price per sq.ft.:
$560.39
These statistics are generated based on the current listing's property type
and located in
SE Lambrick Park. Average values are
derived using median calculations. This data is not produced by
the MLS® system.