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.
Address
4012 Rainbow St
List Price
$1,299,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Transaction Type
Sale
Area
Saanich East
Sub-Area
SE High Quadra
Bedrooms
6
Bathrooms
4
Floor Area
2,787 Sq. Ft.
Lot Size
5953 Sq. Ft.
Lot Size (Acres)
0.14 Ac.
Year Built
2005
MLS® Number
1020547
Listing Brokerage
RE/MAX Generation - The Neal Estate Group
Basement Area
Crawl Space
Postal Code
V8X 2A8
Tax Amount
$7,422.30
Tax Year
2025
Features
Baseboard, Blinds, Dining/Living Combo, Dishwasher, Electric, F/S/W/D, Hardwood, Jetted Tub, Laminate, Microwave, Mixed, Natural Gas, Tile
Amenities
Balcony/Patio, Cleared, Corner Lot, Easy Access, Fenced, Irregular Lot, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk
