Property Type: Land / LotOwnership: Freehold

10056 Victoria Rd

Chemainus, BC V0R1K2

$2,000,000

4 bed3 bath20 parkingBuilt 1989
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Property Details

Property & Lot

Lot size
6.99 acres
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$11,679.89

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
None

Parking

Total spaces
20 — uncovered indicated
Features
Open

Room Dimensions

RoomLevelDimensions
BathroomSecond level4-Piece
EnsuiteSecond level4-Piece
BedroomSecond level11'6 x 10'0
BedroomSecond level9'8 x 13'0
Primary BedroomSecond level17'8 x 14'0
Laundry roomMain level6'5 x 6'2
BathroomMain level2-Piece
BedroomMain level12'4 x 10'1
Living roomMain level18'4 x 14'2
Dining roomMain level13'4 x 11'1
KitchenMain level13'4 x 18'5
Family roomMain level11'6 x 16'3

Listing Information

MLS®
1040564
Listed
June 22, 2026
Time on market
On the market for 70 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Island Living (QU) · Data source: CREA DDF.

Description

Rarely does a property of this size and potential become available. This 6.99-acre parcel includes an original residence and offers outstanding future development possibilities under R3 zoning. Ideally situated in a highly desirable location, the property is just minutes from shopping, restaurants, schools, recreation facilities, and everyday amenities, while also being conveniently close to the ocean and beautiful waterfront areas. The combination of accessibility, lifestyle appeal, and development potential makes this a truly exceptional offering. The existing home is being sold ''as is'' The R3 zoning allows for a broad range of residential and community-oriented uses, including: Multi-Family Residences Two-Family Dwellings Single-Family Dwellings Detached Accessory Dwelling Units Secondary Suites Assisted Living Facilities Community Care Facilities Supportive Housing Bed and Breakfast Operations Home-Based Businesses Agricultural Uses Buyers must conduct their own due diligence regarding development possibilities, density allowances, servicing, and municipal requirements. (id:63159)

Location Insights

Weather

Nearest station: Duncan

14°C

Humidity 86%

Wind NNW calm km/h

Tonight

12°

Tuesday

21°

Tuesday night

14°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

7

1/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Chemainus Elementary Community SchoolElementary602 m
Chemainus SecondaryK-121.2 km
Stz'uminus Senior Secondary(Independent)Secondary7.1 km
Thetis Island ElementaryElementary8.6 km
Ladysmith PrimaryElementary8.9 km
Ladysmith SecondarySecondary9.1 km
Ladysmith IntermediateElementary9.2 km
Crofton Elementary Community SchoolElementary10.6 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Parks (2)

  • Wul'aam (Echo) Park489 m
  • Sunset Drive Park763 m

Nearby places data: © OpenStreetMap contributors.

School district: Cowichan (SD79)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($400,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,600,000.00
Periodic payment — Principal & Interest (monthly)$10,322.66
Additional monthly expenses (strata, tax, utilities, etc.)$973.32
Total monthly cost$11,295.98
Interest paid over 5-yr term$458,564.60
Balance at end of term$1,439,205.17

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$400,000
Stress test qualifying rate8.09%
Payment you must qualify for$12,303.44

Cash Needed at Closing

Minimum down payment$400,000
Estimated BC PTT$38,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$439,500

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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