7927 Wallace Dr
$975,000
Saanichton
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About this home
Welcome to this charming, beautifully maintained family home that radiates warmth and pride of ownership. Extensively updated for modern living, this residence features a bright, cheery kitchen with refreshed cabinetry and a large picture window that floods the space with natural light. Adjacent to the kitchen, a versatile den offers the perfect setup for a quiet home office or reading nook. The main level boasts a spectacular living room featuring vaulted ceilings, gorgeous hardwood floors, and a cozy gas fireplace—ideal for family gatherings or unwinding at the end of the day. Upstairs, you will find three bedrooms, including a spacious primary suite complete with its own private 2-piece ensuite and a large, secluded deck. The upper level is rounded out by a full-sized family bathroom equipped with a separate shower. The finished basement adds incredible functional space to the home, including a comfortable family room, laundry area, a convenient 2-piece bathroom, and one of the property's most remarkable features: a massive, professional-grade workshop. Whether you are a hobbyist, artisan, or handy person, this expansive space is an absolute dream. Outside features a newly poured asphalt driveway (last year), charming garden shed and loads of mature trees for privacy. Ideally situated in a desirable Saanichton neighbourhood, just minutes from excellent shopping, local restaurants, and the Saanich Peninsula Hospital. Situated on a generous 9,080 sq. ft. lot with a spacious parking pad and storage shed. (id:65179)
Property details
From the listing's public record.
Lot size
9,080 square feet
Year built
1978
Taxes
$4,582/yr
Zoning
Residential
Appliances
Heating
Lot
Price history
1 recordEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Jul 31, 2026
Listed $975,000
Active10 days on marketMLS 1044430
How this listing compares
Based on 56 sales in SaanichtonMedian sold
$1,199,000
Avg days on market
44 days
Avg sale-to-list
96.8%
Avg $/sqft
$499
Price per square foot
Above area average
Current market in Saanichton
Active (same type)
8
Pending
2
All active listings
20
Months of supply
1.7
Seller's market — 1.7 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$864,000
Homes in Central Saanich sell at 113% of assessed value on average.
Based on 171 recent sales.
Local price trend
How Saanichton has moved over the last decade.
Local price index (normalized) · 117 months
Recent nearby sales
12 sales7224 East Saanich Rd
$1,515,000
5 bd · 4 ba · 3,069 sqft · $494/sqft · 23 days on market
Sold Aug 10, 2026 · 96.7% of list
1830 Pastel Cres
$995,510
3 bd · 2 ba · 2,260 sqft · $440/sqft · 22 days on market
Sold Aug 10, 2026 · 90.6% of list
2566 Wakeman Rd
$900,000
4 bd · 3 ba · 3,613 sqft · $249/sqft · 13 days on market
Sold Aug 6, 2026 · 95.2% of list
7316 East Saanich Rd
$1,012,500
4 bd · 3 ba · 2,563 sqft · $395/sqft · 36 days on market
Sold Jul 31, 2026 · 96.4% of list
8050 Rae-leigh Pl
$1,290,000
3 bd · 2 ba · 1,869 sqft · $690/sqft · 58 days on market
Sold Jul 31, 2026 · 94.2% of list
7909 East Saanich Rd
$865,000
3 bd · 2 ba · 1,786 sqft · $484/sqft · 43 days on market
Sold Jun 26, 2026 · 96.1% of list
8273 Thomson Pl
$2,400,000
5 bd · 5 ba · 5,737 sqft · $418/sqft · 90 days on market
Sold Jun 25, 2026 · 96.4% of list
1894 Seaboard Cres
$1,585,000
4 bd · 4 ba · 3,928 sqft · $404/sqft · 12 days on market
Sold Jun 17, 2026 · 99.1% of list
7725 Azurene Pl
$1,083,125
3 bd · 3 ba · 2,329 sqft · $465/sqft · 11 days on market
Sold Jun 15, 2026 · 96.3% of list
1964 Genoa Pl
$1,229,900
5 bd · 2 ba · 2,465 sqft · $499/sqft · 78 days on market
Sold Jun 15, 2026 · 100.4% of list
1584 White Rd
$2,150,000
6 bd · 4 ba · 2,974 sqft · $723/sqft · 79 days on market
Sold Jun 15, 2026 · 89.6% of list
8094 Jewett Pl
$1,560,000
5 bd · 3 ba · 3,743 sqft · $417/sqft · 5 days on market
Sold Jun 8, 2026 · 99.7% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$975,000 − $195,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$214,000
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?
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Listed by Newport Realty Ltd.