3971 Cedarwood St, Saanich
SE Lambrick Park · Single Family Residence · MLS® 1039536 · Listed Jun 5, 2026
Discover the ultimate flexibility at 3971 Cedarwood Street, a prime revenue-generating property in the heart of Saanich. This home is thoughtfully configured into 3 separate units—perfect for an owner-occupier seeking mortgage assistance or an extended family needing independent living spaces or revenue generating investment property. Enjoy a quiet, tree-lined setting in Gordon Head with unmatched convenience. You are steps away from Lambrick Park’s recreation facilities, Shelbourne Street amenities, & top-tier schools. The location offers an effortless commute for UVic students & staff, plus easy access to local beaches. Features include ample parking, an EV charger, and high perpetual rental demand, making this an intelligent financial investment. Live comfortably in one unit while generating premium income from the others to drastically lower your monthly costs. This is a rare opportunity to secure a versatile property in a sought-after community. Call today to book your showing!
| Property Type | Single Family Residence |
| Bedrooms | 5 |
| Bathrooms | 4 |
| Interior | 2,316 sqft |
| Lot Size | 6,843 sqft (0.16 acres) |
| Lot Features | Central Location, Family-Oriented Neighbourhood |
| Parking | 5 spaces |
| Year Built | 1964 |
| Fireplaces | 1 |
| Heating | Baseboard, Natural Gas |
| Basement | Full, Unfinished, Walk-Out Access, With Windows |
| Exterior | Stucco |
| Roof | Fibreglass Shingle |
| Foundation | Concrete Perimeter |
| Flooring | Carpet, Concrete, Linoleum, Wood |
| Water | Municipal |
| Sewer | Sewer Connected |
| Zoning | Residential |
| Taxes | $5,051.9 (2025) |
| Extras | Dishwasher, Oven/Range Electric, Refrigerator |
| MLS® # | 1039536 |
| Brokerage | RE/MAX Camosun |
Similar properties sold within 6 months
Lambrick Park single-family averages, updated daily. See Lambrick Park market stats or Saanich market stats.
It is listed at $1,225,000.
A Single Family Residence in SE Lambrick Park, Saanich with 5 bedrooms, 4 bathrooms, 2,316 sqft, built in 1964.
It has 5 parking spaces.
The lot is 6,843 sqft (0.16 acres).
3971 Cedarwood St, Saanich was originally listed at $1,249,000, then reduced to $1,225,000 (1.9% reduction).
Saanich is currently a seller's market: median sold price $1,190,944, 1.7 months of inventory, homes typically selling in about 35 days.
There are 5 houses for sale in Lambrick Park right now. Browse all Lambrick Park houses for sale to see current listings, updated daily from the MLS® system.
The median house sold price in Lambrick Park is $1,190,944, based on 56 sales over the past 12 months. The median price per square foot is $518. Compare asking prices across the houses currently for sale in Lambrick Park.
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 8, 2026.
