#402 – 4011 Rainbow Hill Lane, Saanich
Lyra Residences · Condo Apartment · MLS® 1038131 · Listed May 26, 2026
Luxury-inspired living, expansive outdoor space & sweeping views—rarely found at this price point. Welcome to Unit 402 at the Lyra Residences, a sought-after concrete & steel building on picturesque Christmas Hill. This light-filled 2BD/2BA condo blends refined open-concept living w/ expansive windows framing views of the Olympic Mtns, dt Victoria & Swan Lake. The sleek kitchen features SS appls, quartz counters & an oversized island, flowing into the spacious living & full-sized dining area anchored by a cozy gas fireplace. Step outside to your 305 sqft patio w/ gas BBQ hookup, creating an indoor-outdoor living experience rarely found in condo living. The spacious primary offers a double sided walk-through closet & spa-inspired ensuite w/ heated floors, while the 2nd BR w/ patio access is ideal for guests or home office. Complete w/ in-suite laundry, secure underground parking roughed in for EV charger & oversized storage locker. Steps to parks, trails, Uptown & minutes to dt Victoria
| Property Type | Condo Apartment |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Interior | 1,098 sqft |
| Lot Size | 1,098 sqft (0.02 acres) |
| Lot Features | Cul-De-Sac, Irrigation Sprinkler(s), Landscaped, Quiet Area, Shopping Nearby |
| Parking | 1 space |
| Year Built | 2020 |
| Fireplaces | 1 |
| Heating | Baseboard, Electric, Natural Gas, Radiant Floor |
| Exterior | Cement Fibre, Steel and Concrete |
| Roof | Asphalt Torch On |
| Foundation | Concrete Perimeter |
| Flooring | Tile, Wood |
| Water | Municipal |
| Sewer | Sewer To Lot |
| Zoning | Residential |
| Taxes | $4,009.91 (2025) |
| Strata Fee | $609/mo |
| Pets | Aquariums, Birds, Cats OK, Dogs OK, Number Limit |
| Building Stories | 8 |
| Parking Type | Underground |
| Amenities | Common Area, Elevator(s), Fitness Center, Meeting Room, Private Drive/Road, Secured Entry |
| Strata Fee Includes | Water |
| Extras | Air Filter, Built-In Range, Dishwasher, Dryer, Microwave, Oven Built-In, Range Hood, Refrigerator, Washer |
| MLS® # | 1038131 |
| Brokerage | The Agency |
Similar properties sold within 6 months
Saanich condo averages, updated daily. See Saanich market stats or full dashboard.
#402 – 4011 Rainbow Hill Lane, Saanich sold on June 8, 2026, after 13 days on the market.
It sold for $810,000 (listed at $835,000). Source: BC Assessment (registered sale).
It was on the market for 13 days, from May 26, 2026 to June 8, 2026.
A Condo Apartment in Lyra Residences, Saanich with 2 bedrooms, 2 bathrooms, 1,098 sqft, built in 2020.
It has 1 parking space.
The lot is 1,098 sqft (0.02 acres).
#402 – 4011 Rainbow Hill Lane, Saanich sold for $810,000, 1.5% above its BC-assessed value of $798,000 (assessed July 1, 2025) — a sale-to-assessment ratio of 102%. Source: BC Assessment.
Saanich is currently a seller's market: median sold price $507,750, 3.9 months of inventory, homes typically selling in about 55 days.
There are 146 condos for sale in Saanich right now. Browse all Saanich condos for sale to see current listings, updated daily from the MLS® system.
The median condo sold price in Saanich is $507,750, based on 400 sales over the past 12 months. The median price per square foot is $568. Compare asking prices across the condos currently for sale in Saanich.
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 18, 2026.
