Property Type: Detached HouseOwnership: Freehold

1040 Craigflower Rd

Esquimalt, BC V9A2Y1

$925,000

3 bed2 bath2 parking1,152 sqftBuilt 1955
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Property Details

Property & Lot

Sub-type
House
Lot size
12,900 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,853.93

Interior

Heating
Heat Pump, Forced air, Natural gas
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Parking

Total spaces
2 — covered indicated
Features
Garage

Room Dimensions

RoomLevelDimensions
StorageLower level
BedroomLower level
BathroomLower level3-Piece
BathroomMain level3-Piece
Primary BedroomMain level
BedroomMain level
KitchenMain level
Dining nookMain level
Dining roomMain level
Living roomMain level
EntranceMain level

Listing Information

MLS®
1045114
Listed
August 7, 2026
Time on market
On the market for 25 days
Data last synced
August 28, 2026

Listing provided by: Oakwyn Realty Ltd. · Data source: CREA DDF.

Description

Don't let the address fool you! Tucked back from Craigflower Road on a quiet shoulder with mature trees creating a natural buffer, this solid 1955 home offers privacy, exceptional parking, and endless potential on a rare 0.29-acre lot. Perfectly positioned across from Gorge Vale Golf Club and just steps to Esquimalt Gorge Park & Pavilion, the Japanese Gardens, waterfront trails, and the Gorge Waterway, this location is ideal for those who love the outdoors while still being close to everyday amenities. Inside, you'll find 3 bedrooms, 2 bathrooms, 1,152 sq.ft. of finished living space plus an additional 579 sq.ft. of unfinished basement, offering plenty of storage and future possibilities. Lovingly maintained and largely original, the home is a true blank slate ready for your renovation ideas and personal style. Zoned RD-3 (Single Family/Two Family Residential), the property offers exciting future potential for homeowners and investors alike (buyers to verify development possibilities with the municipality). Two separate driveways provide ample parking for multiple vehicles, an RV, or recreational toys. Whether you're looking to renovate, invest, or build equity in one of Victoria's most convenient locations, this is an opportunity you won't want to miss. (id:63159)

Values & Trends

This listing

$803/sqft

Building average

No other active listings in this building

Kinsmen Park average

$651/sqft

3 active listing(s)

Parking: 2 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

15°C

Humidity 82%

Wind N 2 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Population

17,653

(2021 Census)

Density: 2,418.2/km²

Dwellings: 9,036

Median household income: $76,000

After-tax: $67,500

Immigrant population: 15.3%

Top countries of origin (% of total population)

  • United Kingdom3% · 525
  • Philippines1.5% · 270
  • United States of America1.2% · 215
  • India0.8% · 145
  • China0.7% · 115
  • Germany0.5% · 85
  • Viet Nam0.3% · 60
  • France0.3% · 50

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

26

6/9 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
Esquimalt High SchoolSecondary704 m
Rockheights Middle SchoolElementary1.0 km
BeausoleilElementary1.2 km
Victor-BrodeurK-121.2 km
Tillicum Community SchoolElementary1.3 km
Victoria West ElementaryElementary1.5 km
Craigflower ElementaryElementary1.7 km
Ecole Macaulay ElementaryElementary1.8 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

Restaurants (2)

  • Il Greco: Pizzeria & Kebab · 300 Gorge Road West591 m
  • Villages Pizza · 2929 Tillicum Road750 m

Grocery (1)

  • Fairway Market Gorge Centre · 272 Gorge Road West718 m

Parks (5+)

  • Esquimalt Gorge Park258 m
  • Transfer Street Lineal Park386 m
  • Unnamed409 m
  • McNaughton Water Access445 m
  • Lampson Park464 m

Shopping (1)

  • Gorge Shopping Centre775 m

Pharmacies (1)

  • Unnamed · 2947 Tillicum Road771 m

Banks & ATMs (1)

  • CIBC · 2925 Tillicum Road683 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 7.3% ($67,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$740,000.00
Periodic payment — Principal & Interest (monthly)$4,774.23
Additional monthly expenses (strata, tax, utilities, etc.)$629.16
Total monthly cost$5,403.39
Interest paid over 5-yr term$212,086.13
Balance at end of term$665,632.39

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$67,500
Stress test qualifying rate8.09%
Payment you must qualify for$6,593.87

Cash Needed at Closing

Minimum down payment$67,500
Estimated BC PTT$16,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$85,500

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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