Prospect Lake Elementary Catchment Market Report

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Current Prospect Lake Elementary Catchment Data

Prospect Lake Elementary Catchment Market Report

Market data for homes inside the Prospect Lake Elementary catchment, a large rural area of Saanich around Prospect Lake and West Saanich Road that also takes in Willis Point in Central Saanich and a corner of Royal Oak. The figures are generated from current MLS® data and update as homes are listed, sold or repriced.

Catchment market caution: About 30 homes were listed inside the catchment at the start of November 2026, from Royal Oak condos near $455,000 to Willis Point land near $5 million, and three of the land listings are the same parcels offered separately and together, so the averages need care. A catchment boundary is not a guarantee of school placement; confirm any address with School District 63 (Saanich).
Prospect Lake Elementary catchment housing market in rural Saanich
Prospect Lake Elementary Catchment Market Prospect Lake, West Saanich Road, Willis Point and part of Royal Oak
How to Read the Numbers

Understanding Catchment Market Data

A 40-square-kilometre rural catchment with a suburban corner mixes acreage houses, land and 1990s townhomes, so catchment-wide averages describe the blend rather than any one home.

01

Rural Houses and Royal Oak Townhomes

Houses on the rural roads around Prospect Lake, West Saanich Road and Willis Point have a median near $1.85 million, while most townhomes sit in 1990s Royal Oak complexes between about $850,000 and $1.2 million. The two ends of the catchment barely overlap in price.

02

Land Listings Need a Second Look

Five listings are land, from about $875,000 to $5 million, and three of them are the same Willis Point parcels offered separately and as a package. Rural land is priced on size, access, services and zoning, so it says little about what a house in the catchment costs.

03

Boundaries Are Not a Guarantee

School District 63 (Saanich) reduced the Prospect Lake catchment in 2021/22, moving part of it to Brentwood and Lochside, and makes the final decision on catchment schools. Confirm any address with the district’s School Locator before relying on it.

04

Active Listings vs. Completed Sales

The statistics describe what sellers are currently asking and how long listings have been on the market. They are not a sold-price index. Valuing a specific home takes recent comparable sales, current competition and adjustments for that home.

Address Beds Baths Living ft2 List Price Cost per ft2 DOM
494 Marsett Pl Unit ##110 2 2 969 $495,000 $510 6 days
4719 West Saanich Rd 4 2 2,278 $1,190,000 $522 6 days
485 Beaver Lake Rd N/A N/A N/A $1,299,900 Unknown 11 days
5333 Sparton Rd 4 2 1,644 $1,460,000 $888 14 days
530 Marsett Pl Unit ##77 3 3 2,352 $1,077,000 $457 20 days
4619 Elk Lake Dr Unit ##13 4 3 1,961 $849,000 $432 24 days
4487 Wilkinson Rd Unit ##2 3 3 1,686 $889,000 $527 27 days
5209 Old West Saanich Rd 7 5 5,014 $3,495,000 $697 33 days
5320 Old West Saanich Rd 3 3 2,976 $2,250,000 $756 34 days
4589 Scarborough Rd 4 4 2,252 $1,295,000 $575 37 days
4826 West Saanich Rd 2 1 719 $880,000 $1,223 38 days
4836 Spring Rd 4 4 4,265 $2,395,000 $561 40 days
494 Marsett Pl Unit ##211 1 1 734 $509,000 $693 53 days
4678 Elk Lake Dr Unit ##499D 2 2 1,265 $454,900 $359 55 days
6860 Mark Lane 3 3 2,145 $1,149,000 $535 55 days
500 Marsett Pl Unit ##1 3 3 1,946 $997,500 $512 67 days
490 Marsett Pl Unit ##102 2 2 1,003 $529,900 $528 88 days
510 Marsett Pl Unit ##405 3 4 1,935 $874,900 $452 88 days
6147 Old West Saanich Rd N/A N/A N/A $875,000 Unknown 93 days
7318 Mark Lane 3 3 4,154 $3,699,000 $890 104 days
530 Marsett Pl Unit ##98 3 3 2,043 $1,050,000 $513 125 days
683 Steamer Dr 3 5 3,504 $2,345,000 $669 130 days
530 Marsett Pl Unit ##85 3 3 2,152 $1,085,000 $504 132 days
520 Marsett Pl Unit ##24 3 4 3,018 $1,175,000 $389 136 days
5489 Forest Hill Rd 7 8 5,307 $3,699,800 $697 178 days
Lot 2 & 4 Willis Point Rd N/A N/A N/A $4,990,000 Unknown 226 days
Lot 4 Willis Point Rd N/A N/A N/A $1,995,000 Unknown 226 days
Lot 2 Willis Point Rd N/A N/A N/A $2,995,000 Unknown 226 days
Average: 3.3 3.2 2,405 $1,642,817 $604 82 days
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Viewing 1 - 28 of 28

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