Welcome to 1541 McRae Ave, a fantastic opportunity in the heart of Victoria with space, flexibility, and income potential. This 5 bedroom home offers a thoughtful layout for families, multigenerational living, or those looking for added rental support. The main living area provides comfortable everyday living with generous bedroom space, while the lower level includes a self contained 1 bedroom suite, ideal for extended family, guests, or a mortgage helper. Set in a convenient Victoria location close to parks, schools, shops, transit, and everyday amenities, this property offers excellent versatility in a well connected neighbourhood. Whether you are upsizing, investing, or looking for a home with added flexibility, this home is full of potential.
Property Type:
Residential
Type:
Single Family Residence
Year built:
1951
(Age: 75)
Living Area:
2,540 sq. ft.236 m2
Listing General Location:
SE Cedar Hill, Saanich East
Bedrooms:
5
Bathrooms:
3.0
(Full:-/Half:-)
Lot Size:
8,442 sq. ft.784 m2
Kitchens:
2
Taxes:
$4,794.6 /
2025
Construction:
Wood
New Construction:
No
Basement:
Full
Foundation:
Concrete Perimeter
Roof:
Asphalt Shingle
Floor finish:
Mixed
Total Building Area:
2,700 sq. ft.251 m2
Total Unfinished Area:
160 sq. ft.14.9 m2
# Bedrooms or Dens Total:
5
# Main Level Bedrooms:
2
# Second Level Bedrooms:
2
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
1
# Other Level Bedrooms:
0
# Main Level Bathrooms:
1
# Second Level Bathrooms:
1
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
1
# Other Level Bathrooms:
0
# Main Level Kitchens:
1
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
1
# Other Level Kitchens:
0
Living Area Lower Floor:
936 sq. ft.87 m2
Living Area Main Floor:
1,021 sq. ft.94.9 m2
Living Area Other Floor:
0 sq. ft.0 m2
Living Area 2nd Floor:
583 sq. ft.54.2 m2
Living Area 3rd Floor:
0 sq. ft.0 m2
Fireplaces:
1
Fireplace Details:
Wood Burning
Laundry Features:
In House
Water supply:
Municipal
Sewer:
Sewer To Lot
Additional Accommodations:
Exists
Cooling:
None
Heating:
Baseboard
Fireplace:
Yes
Dryer, Oven/Range Electric, Refrigerator, Washer
Main Level
0
Yes
No
Unrestricted
Floor
Type
Size
Other
Main Floor
Bedroom
12'3.66 m × 11'3.35 m
Main Floor
Bedroom
11'3.35 m × 10'3.05 m
Main Floor
Kitchen
13'3.96 m × 11'3.35 m
Main Floor
Living Room
20'6.10 m × 14'4.27 m
Main Floor
Dining Room
12'3.66 m × 11'3.35 m
2nd Floor
Bonus Room
7'2.13 m × 6'1.83 m
2nd Floor
Bedroom
13'3.96 m × 12'3.66 m
2nd Floor
Bedroom - Primary
15'4.57 m × 12'3.66 m
Lower Level
Bedroom-Additional
13'3.96 m × 12'3.66 m
Lower Level
Workshop
10'3.05 m × 9'2.74 m
Lower Level
Storage
7'2.13 m × 5'1.52 m
Lower Level
Rec Room
20'6.10 m × 13'3.96 m
Lower Level
Laundry
12'3.66 m × 9'2.74 m
Lower Level
Kitchen-Additional
11'3.35 m × 11'3.35 m
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4-Piece
2nd Floor
No
2
2-Piece
Lower Level
No
4
4-Piece
Assessed:
987700.0
Assessment year:
2026
Jurisdiction name:
District of Saanich (SD61)
Legal Description:
LOT 1, PLAN VIP7998, SECTION 34, VICTORIA LAND DISTRICT
Data was last updated May 23, 2026 at 12:05 PM (UTC)
Area Statistics
Listings on market:
61
Avg list price:
$999,000
Min list price:
$189,999
Max list price:
$2,450,000
Avg days on market:
43
Min days on market:
2
Max days on market:
180
Avg price per sq.ft.:
$582.32
These statistics are generated based on the current listing's property type
and located in
SE Cedar Hill. Average values are
derived using median calculations. This data is not produced by
the MLS® system.