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 |
Similar properties sold within 6 months
Cedar Hill single-family averages, updated daily. See Cedar Hill market stats or Saanich market stats.
1512 McRae Ave, Saanich sold on April 24, 2026, after 8 days on the market.
It sold for $1,200,000 (listed at $1,199,888). Source: BC Assessment (registered sale).
It was on the market for 8 days, from April 16, 2026 to April 24, 2026.
A Single Family Residence in SE Cedar Hill, Saanich with 7 bedrooms, 2 bathrooms, 2,841 sqft, built in 1971.
It has 5 parking spaces.
The lot is 9,536 sqft (0.22 acres).
1512 McRae Ave, Saanich sold for $1,200,000, 0.1% above its BC-assessed value of $1,199,000 (assessed July 1, 2025) — a sale-to-assessment ratio of 100%. Source: BC Assessment.
Saanich is currently a seller's market: median sold price $1,200,000, 1.4 months of inventory, homes typically selling in about 37 days.
There are 10 houses for sale in Cedar Hill right now. Browse all Cedar Hill houses for sale to see current listings, updated daily from the MLS® system.
The median house sold price in Cedar Hill is $1,200,000, based on 96 sales over the past 12 months. The median price per square foot is $560. Compare asking prices across the houses currently for sale in Cedar Hill.
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: Aug 17, 2026.
