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7485 Wallace Dr
CS Saanichton Central Saanich V8M 1V8

$2,475,000
Residential beds: 8 baths: 7.0 5,588 sq. ft. built: 1954

Main Photo: 7485 Wallace Dr in Central Saanich: CS Saanichton House for sale : MLS®# 877691
Photo 1: 7485 Wallace Dr in Central Saanich: CS Saanichton House for sale : MLS®# 877691
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Status:
Pending
Prop. Type:
Residential
MLS® Num:
877691
Bedrooms:
8
Bathrooms:
7
Year Built:
1954
Welcome to Happy Acres. Stunning English country gardens. A rare opportunity to own a sprawling 4400 square foot home with multiple living accommodations on a flat 3 acres, offering multi generational living or RENTAL INCOME. Average income from the guest house and the authorized suite is $3000/Month and that's with keeping the pool suite for guests and yourself! This combined with LOW ALR TAXES makes this outstanding property and lifestyle obtainable. There are a total of 4 bedrooms and 5 bathrooms in the renovated main home, plus 2 attached suites with separate entrances. The detached newer guest home has 2 bedrooms and 2 bathrooms. All of this powered by 600amps in electrical service and 3 separate hydro meters. The exterior is equally impressive with a drained horse-riding ring, barn, heated swimming pool, outdoor kitchen,firepit, mature pond, pasture paddocks and much more. This unique property is also across from Centennial park and adjacent to tennis courts! Lifestyle and Income
Property Type:
Residential
Type:
Single Family Detached
Year built:
1954 (Age: 67)
Living Area:
5,588 sq. ft.
Main Building Living Area:
5,588 sq. ft.
Listing General Location:
CS Saanichton, Central Saanich
Bedrooms:
8
Bathrooms:
7.0 (Full:-/Half:-)
Lot Size:
3 acre(s)
Kitchens:
4
Taxes:
$2,069 / 2021
Construction:
Frame Wood, Vinyl Siding
New Construction:
No
Basement:
Crawl Space
Foundation:
Concrete Perimeter
Roof:
Fibreglass Shingle
Other Structures:
Barn(s)
Floor finish:
Mixed
Total Building Area:
5,588 sq. ft.
Total Unfinished Area:
0 sq. ft.
# Bedrooms or Dens Total:
9
# Main Level Bedrooms:
4
# Second Level Bedrooms:
2
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
2
# Main Level Bathrooms:
4
# Second Level Bathrooms:
1
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
2
# Main Level Kitchens:
3
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
1
Fireplaces:
2
Fireplace Details:
Propane, Wood Burning Stove
Laundry Features:
In House, In Unit
Water supply:
Municipal
Sewer:
Septic System
Additional Accommodations:
Exists
Cooling:
None
Heating:
Baseboard, Electric
Fireplace:
Yes
Pending Date:
Oct 08, 2021
Balcony/Patio, Fenced, Garden, Outdoor Kitchen, Swimming Pool
Across from Centennial Park, Canadian Flag on Gate to Main Home.
Main Level
0
Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
Yes
No
Unrestricted
Floor
Type
Size
Other
Main Floor
Living Room
24'1" × 15'4"
Main Floor
Kitchen
12'2" × 10'
Main Floor
Kitchen
12' × 11'7"
Main Floor
Family Room
14'1" × 12'2"
Main Floor
Eating Area
13'6" × 11'11"
Main Floor
Den
12'2" × 6'10"
Main Floor
Kitchen
17'4" × 15'1"
Main Floor
Bedroom
15'1" × 12'2"
Main Floor
Dining Room
13'11" × 13'11"
Main Floor
Entrance
12'7" × 4'9"
Main Floor
Bedroom
12'8" × 11'5"
Main Floor
Bedroom
13'4" × 11'5"
Main Floor
Laundry
12' × 8'7"
Main Floor
Bedroom
10'8" × 9'8"
2nd Floor
Living Room
15'10" × 14'3"
2nd Floor
Bedroom
17'1" × 11'5"
2nd Floor
Primary Bedroom
19' × 15'2"
Other
Kitchen
12' × 9'
Other
Primary Bedroom
14'5" × 12'
Other
Bedroom
11' × 9'
Other
Dining Room
9' × 8'
Other
Living Room
18' × 13'
Floor
Ensuite
Pieces
Other
Main Floor
No
5
5-Piece
Main Floor
No
3
3-Piece
Main Floor
No
3
3-Piece
Main Floor
Yes
3
3-Piece
2nd Floor
Yes
5
5-Piece
Other
Yes
4
4-Piece
Other
No
4
4-Piece
Assessed:
534060.0
Assessment year:
2021
Jurisdiction name:
District of Central Saanich
Legal Description:
LOT 2, SECTION 8, RANGE 2 EAST, SOUTH SAANICH DISTRICT, PLAN 8017
Accessibility:
Ground Level Main Floor
Number of 2 piece baths:
0
Number of 3 piece baths:
2
Number of 4 piece baths:
1
Number of 5 piece baths:
1
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
1
Number of 4 piece Ensuites:
2
Leased Equipment:
Propane Tank
Property Condition:
Resale, Updated/Remodeled
Exposure / Faces:
West
Layout:
Main Level Entry with Upper Level(s)
Lot Site Features:
Acreage, Central Location, Landscaped, Private
Attached Garage:
No
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Parking Features:
Driveway, On Street, Open, RV Access/Parking
Total Parking Spaces:
10
Date Listed:
Jun 07, 2021
Original Price:
2748500.0
  • Photo 1: 7485 Wallace Dr in Central Saanich: CS Saanichton House for sale : MLS®# 877691
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  • Photo 2: 7485 Wallace Dr in Central Saanich: CS Saanichton House for sale : MLS®# 877691
    7485 Wallace Road - Adjacent to Public Tennis courts and across the Road from Centennial Park
  • Photo 3: 7485 Wallace Dr in Central Saanich: CS Saanichton House for sale : MLS®# 877691
    7485 Wallace Road - Main Home, Barn, Guest Home on 3 acres. Pool suite rents on average for $1350, end suite $1500 and guest house $2000!
  • Photo 4: 7485 Wallace Dr in Central Saanich: CS Saanichton House for sale : MLS®# 877691
    Mature Pond with fountain, patio and Gazebo
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    Fire Pit area of Pool deck and outdoor kitchen area
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    Outdoor Kitchen!
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    Heated Pool and Seating Area
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    Usable Flat Property - There is also a full hook up RV pad
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    Horse Riding Ring with Drainage
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    Gorgeous Front Entry
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    Entrance to Main Home
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    Custom Kitchen with stainless steel appliances (and hidden recycling/garbage built in drawer)
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    Large Pantry in Kitchen
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    Family Room with Propane Fireplace
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    Den/Office with Day Bed
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    Remodeled Bathroom on Main floor with Character
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    Expansive Dining Room in Main Home
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    Large Living room in Main with wood burning stove and doors to rear patio
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    Stairs in Main Home to get to Primary Bedroom floor
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    "Pool" Suite Living, Keep for yourself of rent for an average of $1350/month including utilities
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    "Pool" Suite Kitchen. Keep for yourself of rent for an average of $1000/month including utilities
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    End Suite Murphy Bed
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    End Suite Kitchen. Average rent of $1500/month
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  • Photo 46: 7485 Wallace Dr in Central Saanich: CS Saanichton House for sale : MLS®# 877691
    Private Guest Home, Average Rental Income of $2,000 + utilities a month
  • Photo 47: 7485 Wallace Dr in Central Saanich: CS Saanichton House for sale : MLS®# 877691
    Guest Home Kitchen (Photos Taken before current tenants)
  • Photo 48: 7485 Wallace Dr in Central Saanich: CS Saanichton House for sale : MLS®# 877691
    Guest House Living (Photos Taken before current tenants)
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Listed by 460 Realty Inc. (NA), pending date Oct 08, 2021
Data was last updated October 23, 2021 at 07:30 AM (UTC)
Area Statistics
Listings on market:
16
Avg list price:
$1,094,400
Min list price:
$269,000
Max list price:
$8,900,000
Avg days on market:
35
Min days on market:
2
Max days on market:
212
Avg price per sq.ft.:
$492.48
These statistics are generated based on the current listing's property type and located in CS Saanichton. Average values are derived using median calculations.
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