Property Type: Land / LotOwnership: Leasehold

1100 Spirit Bay Rd

Sooke, BC V9Z1N6

$199,000

0 bed0 bath2 parking
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Property Details

Property & Lot

Lot size
3,200 square feet
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Leasehold
Strata / maintenance fee
$0/mo
Annual property tax
$1,024.7

Interior

Fireplace
None

Exterior & Lot

View
Ocean view

Parking

Total spaces
2

Listing Information

MLS®
955585
Listed
March 8, 2024
Time on market
On the market for 906 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Colonial Pacific Realty · Data source: CREA DDF.

Description

Spirit Bay, come for the peace and serenity of seaside living. Lovely community on the edge of the ocean, only 20 minutes from Langford. Approximately 3200 sq. ft corner lot, with services to the lot line. Use one of the many house designs available or bring your own plans. This is a leasehold land with a pre-paid, 99-year lease. Local marina just a stones throw away down the road. Spirit Bay has plenty to offer; boating, fishing and hiking to name a few! The future plans include a range of recreation facilities including tennis courts, swimming pool, multisport playing field, community gardens and more. Only 40 minutes to Victoria makes this beautiful community very accessible. (id:63159)

Location Insights

Weather

Nearest station: Malahat

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

15,086

(2021 Census)

+16% since 2016

Density: 266.5/km²

Dwellings: 6,431

Median household income: $90,000

After-tax: $79,500

Immigrant population: 11.7%

Top countries of origin (% of total population)

  • United Kingdom4.1% · 620
  • United States of America1.5% · 230
  • Germany0.8% · 120
  • Philippines0.7% · 110
  • Netherlands0.5% · 80
  • China0.2% · 35
  • Poland0.2% · 30
  • Mexico0.2% · 25

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Hans Helgesen ElementaryElementary4.8 km
Saseenos ElementaryElementary8.4 km
Westmont Montessori School(Independent)K-128.5 km
Edward Milne Community SchoolSecondary8.8 km
Sooke ElementaryElementary9.5 km
Journey Middle SchoolMiddle10.0 km
Ecole Poirier ElementaryElementary10.3 km
John Muir ElementaryElementary11.3 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: Sooke (SD62)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($9,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$159,200.00
Periodic payment — Principal & Interest (monthly)$1,027.10
Additional monthly expenses (strata, tax, utilities, etc.)$85.39
Total monthly cost$1,112.50
Interest paid over 5-yr term$45,627.18
Balance at end of term$143,200.91

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$9,950
Stress test qualifying rate8.09%
Payment you must qualify for$1,453.73

Cash Needed at Closing

Minimum down payment$9,950
Estimated BC PTT$1,990
Legal / closing costs (typical estimate)$1,500
Total cash needed$13,440

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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