306 7098 Wallace Dr
$490,000
Brentwood Bay
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About this home
Sophisticated design meets effortless everyday living in this beautifully appointed 1-bedroom, 1-bathroom residence at The Wallace. Thoughtfully laid out with 647 sq. ft. of bright, open living space, the home showcases 9 ft ceilings, engineered hardwood flooring, quartz countertops, stainless steel appliances, and a spacious peninsula kitchen designed for both entertaining and daily life. The generous covered balcony provides the perfect extension of the living space, while the elegant 5-piece bathroom with dual sinks adds a touch of luxury. Secure underground parking, a separate storage locker, bike storage, a shared EV charger, and Modo Car share membership complete this exceptional offering. Located in the heart of Brentwood Bay, you're just steps from cafés, restaurants, boutique shopping, parks, and the waterfront, with marinas, wineries, beaches, and Butchart Gardens all just minutes away. (id:65179)
Property details
From the listing's public record.
Lot size
647 acres
Year built
2023
Taxes
$2,572/yr
Strata / HOA
$394/month
Zoning
Residential
Appliances
Heating
Lot
Community
Price history
1 recordEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Aug 8, 2026
Listed $490,000
Active2 days on marketMLS 1045127
How this listing compares
Based on 19 sales in Brentwood BayMedian sold
$565,000
Avg days on market
45 days
Avg sale-to-list
97.9%
Avg $/sqft
$610
Price per square foot
Above area average
Current market in Brentwood Bay
Active (same type)
12
Pending
1
All active listings
37
Months of supply
7.6
Buyer's market — 7.6 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$485,000
Homes in Central Saanich sell at 97.6% of assessed value on average.
Based on 33 recent sales.
Local price trend
How Brentwood Bay has moved over the last decade.
Local price index (normalized) · 29 months
Recent nearby sales
11 sales401-7162 West Saanich Rd
$620,000
2 bd · 2 ba · 1,149 sqft · $540/sqft · 43 days on market
Sold Aug 10, 2026 · 97.2% of list
404-7098 Wallace Dr
$525,000
1 bd · 1 ba · 724 sqft · $725/sqft · 56 days on market
Sold Aug 7, 2026 · 95.6% of list
508-7162 West Saanich Rd
$688,000
2 bd · 2 ba · 1,056 sqft · $652/sqft · 13 days on market
Sold Jun 15, 2026 · 98.4% of list
403-7161 West Saanich Rd
$690,000
2 bd · 2 ba · 904 sqft · $763/sqft · 26 days on market
Sold Jun 15, 2026 · 98.6% of list
209-7088 West Saanich Rd
$535,000
2 bd · 2 ba · 942 sqft · $568/sqft · 63 days on market
Sold Jun 15, 2026 · 94.7% of list
307-7098 Wallace Dr
$460,000
1 bd · 1 ba · 724 sqft · $635/sqft · 9 days on market
Sold May 22, 2026 · 97.9% of list
402-7098 Wallace Dr
$560,000
1 bd · 1 ba · 647 sqft · $866/sqft · 16 days on market
Sold May 22, 2026 · 94.9% of list
308-7162 West Saanich Rd
$630,000
2 bd · 2 ba · 1,095 sqft · $575/sqft · 67 days on market
Sold May 15, 2026 · 100.8% of list
204-1240 Verdier Ave
$580,000
3 bd · 2 ba · 1,330 sqft · $436/sqft · 33 days on market
Sold Apr 15, 2026 · 96.7% of list
26-7070 West Saanich Rd
$546,000
2 bd · 2 ba · 1,346 sqft · $406/sqft · 38 days on market
Sold Apr 6, 2026 · 98.4% of list
303-7070 West Saanich Rd
$505,000
2 bd · 1 ba · 1,106 sqft · $457/sqft · 56 days on market
Sold Feb 12, 2026 · 98.1% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$490,000 − $98,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$107,300
Down payment + PTT + GST + legal estimate.
Estimates only, based on current BC rates and thresholds. Not tax, legal, or financial advice. Property transfer tax exemptions have eligibility requirements — confirm with a lawyer or notary. GST rebates on new construction are not modelled here. Mortgage payment uses Canadian semi-annual compounding and excludes property tax, home insurance, and CMHC mortgage insurance.
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Interested in this home?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.
Listed by Macdonald Realty Ltd. (Sid)