Property Type: Land / LotOwnership: Freehold

10650 Derrick Rd

North Saanich, BC O1O1O1

$799,000

0 bed0 bath
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Property Details

Property & Lot

Lot size
20,000 square feet
Zoning
Residential

R2

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$3,509

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, Ocean view

Listing Information

MLS®
1024849
Listed
February 1, 2026
Time on market
On the market for 211 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Camosun · Data source: CREA DDF.

Description

Gorgeous half acre ocean view corner lot located in the heart of Deep Cove. Nestled within an exclusive enclave of multi-million dollar homes. Sun drenched south-western exposure with views down Saanich Inlet, level and easy to build on with services at lot line. A five minute stroll down a country lane to the beach, and nature trails at your doorstep. This idyllic country setting feels a world away but so convenient to Sidney shopping, BC Ferries, Victoria International airport, and Victoria. Come discover all that west coast living has to offer. (id:63159)

Location Insights

Weather

Nearest station: Victoria (Hartland)

Mainly Clear

16°C

Mainly Clear

Humidity 73%

Wind S 6 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Population

12,235

(2021 Census)

+8.8% since 2016

Density: 329.3/km²

Dwellings: 5,235

Median household income: $121,000

After-tax: $104,000

Immigrant population: 16.6%

Top countries of origin (% of total population)

  • United Kingdom6.8% · 830
  • United States of America1.6% · 195
  • Germany0.8% · 100
  • Netherlands0.8% · 100
  • India0.7% · 80
  • China0.5% · 60
  • South Africa, Republic of0.4% · 45
  • Hong Kong0.2% · 30

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Deep Cove ElementaryElementary1.5 km
Parkland SecondarySecondary3.7 km
North Saanich Middle SchoolMiddle4.0 km
Sidney ElementaryElementary5.4 km
ḰELSET ElementaryElementary6.2 km
Brentwood College(Independent)Secondary6.5 km
George Bonner ElementaryElementary6.8 km
Frances Kelsey SecondarySecondary7.3 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.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 6.9% ($54,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$639,200.00
Periodic payment — Principal & Interest (monthly)$4,123.90
Additional monthly expenses (strata, tax, utilities, etc.)$292.42
Total monthly cost$4,416.32
Interest paid over 5-yr term$183,196.56
Balance at end of term$574,962.47

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$54,900
Stress test qualifying rate8.09%
Payment you must qualify for$5,721.87

Cash Needed at Closing

Minimum down payment$54,900
Estimated BC PTT$13,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$70,380

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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