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Welcome to 4012 Rainbow Street, a beautifully designed home that perfectly balances comfortable family living with outstanding rental income opportunities. Ideally located in one of Saanich's most desirable neighbourhoods Swan Lake, this versatile property offers three separate suites—ideal for multigenerational living or savvy investors. The main suite features a bright, open-concept layout with three spacious bedrooms and two bathrooms. The modern kitchen flows seamlessly into the dining and living areas, creating a warm, inviting space for entertaining or family gatherings. Step out onto the expansive west-facing deck to enjoy stunning sunsets and peaceful views—a true extension of your living space. Downstairs, the two-bedroom suite mirrors the same open-concept design, providing plenty of natural light and a sense of spacious comfort. With its own large west-facing deck, this suite is perfect for tenants or extended family who appreciate outdoor living and privacy. The bachelor suite offers a fantastic opportunity for extra passive income or a convenient space for a student or young professional. Compact yet efficient, it provides everything needed for comfortable independent living. Additional highlights include modern finishes throughout, ample parking, and proximity to parks, schools, shopping, and transit. Whether you’re looking for a family home with mortgage helpers or a solid investment property, 4012 Rainbow Street delivers flexibility, lifestyle, and financial potential in one outstanding package. (id:24212)
Full Address:
4012 Rainbow Street, Saanich, British Columbia
Price:
$ 1,299,000
MLS Number:
1020547
List Date:
November 15th, 2025
Neighbourhood:
High Quadra
Lot Size:
5953 ac
Year Built:
2005
Taxes:
$ 7,422
Ownership Type:
Freehold

Property Specifications

Bedrooms:
6
Bathrooms:
4
Air Conditioning:
None
Heating:
Baseboard heaters, Electric, Natural gas
Fireplaces:
1

Interior Features

Zoning:
Residential
Garage Spaces:
4

Building Features

Finished Area:
2787 sq.ft.
Main Floor:
2787 sq.ft.
Rooms:
Lower level
Utility room
15 x 21 feet
Utility room
14 x 22 feet
Utility room
15 x 29 feet
Main level
Primary Bedroom
13 x 15 feet
Ensuite
6 x 12 feet
Bathroom
6 x 8 feet
Bedroom
10 x 11 feet
Bedroom
11 x 12 feet
Kitchen
11 x 14 feet
Dining room
11 x 14 feet
Living room
15 x 15 feet
Media
3 x 9 feet
Lower level
Living room
11 x 15 feet
Dining room
10 x 13 feet
Kitchen
9 x 9 feet
Bathroom
5 x 8 feet
Bedroom
10 x 10 feet
Bedroom
11 x 11 feet
Patio
9 x 12 feet
Ensuite
5 x 6 feet
Bedroom
9 x 14 feet
Kitchen
6 x 8 feet
Entrance
4 x 7 feet

Floors

View:
Mountain view
Lot Size:
5953 ac
Lot Features:
Corner Site, Irregular lot size, Partially cleared, Other

Land

Neighbourhood Features

Ratings

Commercial Info

Location

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Agent: Ron NealBrokerage: RE/MAX Generation - The Neal Estate Group

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