402 4011 Rainbow Hill Lane

402 4011 Rainbow Hill Lane · Saanich · Apartment · 2 bed · 2 bath · $835,000 · MLS 1038131

Saanich, British Columbia
For sale
402 4011 Rainbow Hill Lane

402 4011 Rainbow Hill Lane is located in Saanich. Property snapshot: Apartment, 2 bed, 2 bath, listed at $835,000, MLS 1038131. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: -. BurnabyHouse Deal Score: 40/100. Latest rec

List Price: $835,000
MLS: 1038131
Bedrooms: 2
Bathrooms: 2
Interior Size: 1,098 sqft
Days on Market: -
Days on Site: 13
Deal Score: 40/100
Price History: Latest recorded list price 835000.00

Local Decision Guide

How should buyers evaluate 402 4011 Rainbow Hill Lane?

Start by reading this listing in its Saanich context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for 402 4011 Rainbow Hill Lane?

This page shows a list price of $835,000 with MLS 1038131.

What type of home is this Saanich listing?

The page shows Apartment, 2 bed, 2 bath at 402 4011 Rainbow Hill Lane. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about - days on market/site. Latest recorded list price 835000.00.

What does the Deal Score of 40/100 mean?

Deal Score is a BurnabyHouse screening score based on list price, assessment, DOM, strata fees, rent yield and area-average signals. It helps with first-pass screening and does not replace inspection, financing, legal or municipal due diligence.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

Remarks

OPEN HOUSE-Saturday May 30th-12-1:30pm - Luxury-inspired living, expansive outdoor space, and sweeping views—rarely found at this price point. Welcome to Unit 402 at the Lyra Residences, a sought-after concrete and steel building perched on picturesque Christmas Hill. This beautifully designed two bedroom, two bathroom residence offers an exceptional blend of comfort, style, and convenience in one of Victoria’s most desirable locations. Inside, the light-filled open-concept layout is framed by expansive windows showcasing views of the Olympic Mountains, downtown Victoria, and Swan Lake. Designed for both everyday living and entertaining, the sleek kitchen features stainless steel appliances, quartz countertops, ample cabinetry, and an oversized island that flows into the spacious living and full-sized dining area. A cozy gas fireplace anchors the space, creating a warm and inviting atmosphere. Step outside to your private 305 square foot patio complete with a gas barbecue hookup, offering a true indoor-outdoor living experience rarely found in condo living. Whether hosting friends, enjoying a quiet morning coffee, or unwinding at the end of the day, this outdoor space is perfectly positioned to take in the surrounding views and sunsets. The spacious primary bedroom offers a double sided walk-through closet, and a spa-inspired ensuite with heated floors. The second bedroom, has patio access, provides excellent flexibility for guests, a home office, or both, while the second full bathroom also features heated floors. Additional highlights include in-suite laundry, secure underground parking roughed in for an EV charger, and an oversized storage locker. Residents enjoy the quiet comfort of concrete and steel construction while being steps from parks, walking trails, and Uptown Shopping Centre, with downtown Victoria only minutes away. This is a rare opportunity to enjoy elevated condo living on beautiful Christmas Hill. (id:56153)

Property Details

Apartment
Building Type
2
Bedrooms
2
Bathrooms
2020
Year Built
6 years
Age
13
Days on Site
1,098 sqft
Interior Size
C$760
Price per Sqft

Complex Name: 4011 Rainbow Hill Lane

Transaction: For sale

Status: active

Listing ID: 29805587 (1038131)

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Site Context

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Includes local area, zoning, floodplain, easement, development activity, and city-level site context signals.

Property Summary

Price: C$835,000

PID: 031-062-059

Days on Site: 13 days

Added to BurnabyHouse: 2026-05-26

Updated on: 2026-05-30 03:01 PM PDT

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Lot info

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Includes parcel identifiers, size details, and land and approval context.

Schools

No school catchment matches were found for this listing yet.

Nearby Points of Interest

Grocery / Food Access
Thrifty Foods Quadra
About 948 m away
3995 Quadra Street
Planet Organic Market
About 983.1 m away
Shopping Centres
Saanich Centre
About 961.2 m away
Gateway Village
About 1.3 km away
771 Vernon Avenue

Price History

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View price changes, listing events, and the full timeline.

BC Assessment

Click the button below to check the government assessment, sales history, and nearby market pricing for this property.
BC Assessment Sales History & Nearby Sales

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Last Updated: Sat, 30 May 2026 02:05:41 PM PDT

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