1512 McRae Ave, Saanich
SE Cedar Hill · Single Family Residence · MLS® 1031083 · Listed Apr 16, 2026
This 7 bedroom, 2 bath home is conveniently located close to the University of Victoria, making it ideal for students looking for off campus housing. In 2025, the property generated $80K in gross revenue. In addition to the 7 bedrooms, there is a spacious living room, dining room & bonus room plus a kitchen & bathroom on each floor. The basement kitchen was added in 2019. A new landing & stairs to the spacious back yard was built in 2024. The generous layout & multiple living spaces make this home also perfect for a large family / extended family, offering flexibility & room to grow.The property is large & with the new provincial development density initiatives, up to 4 units can be built on the property (RS-6). The surrounding area is known for its tree-lined streets, nearby parks & strong community feel, while still being close to the university & recreation centres. Daily amenities, shopping & dining are also easily accessible, making this location both practical & highly desirable.
| Property Type | Single Family Residence |
| Bedrooms | 7 |
| Bathrooms | 2 |
| Interior | 2,841 sqft |
| Lot Size | 9,536 sqft (0.22 acres) |
| Lot Features | Central Location, Landscaped, Level, Near Golf Course, Rectangular Lot, Shopping Nearby, Southern Exposure |
| Parking | 6 spaces (1 garage) |
| Year Built | 1971 |
| Fireplaces | 4 |
| Heating | Baseboard, Forced Air, Oil |
| Basement | Finished, Walk-Out Access, With Windows |
| Exterior | Stucco |
| Roof | Asphalt Shingle |
| Foundation | Concrete Perimeter |
| Flooring | Laminate |
| Water | Municipal |
| Sewer | Sewer To Lot |
| Zoning | Residential |
| Taxes | $5,812.42 (2025) |
| Extras | Dishwasher, Dryer, Microwave, Oven/Range Electric, Refrigerator, Washer |
| MLS® # | 1031083 |
| Brokerage | RE/MAX Camosun |
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MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. Data last updated: Jul 4, 2026.
