Property Type: Land / LotOwnership: Freehold

1124 Craigflower Rd

Esquimalt, BC V9A2Y1

$900,000

0 bed0 bath
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Property Details

Property & Lot

Lot size
11,340 square feet
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$5,646

Interior

Fireplace
None

Exterior & Lot

View
City view, Mountain view

Listing Information

MLS®
1039765
Listed
June 12, 2026
Time on market
On the market for 80 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Nanaimo Realty LD · Data source: CREA DDF.

Description

A rare opportunity to build in Victoria’s dynamic core! 1124 Craigflower Road is a prime bare lot offering 11,340 sq.ft. with 63 x 180 dimensions. Under Esquimalt’s Small-Scale Multi-Unit Housing (SSMUH) guidelines, the development possibilities are exceptional. Zoned RD-3, this parcel holds massive potential for builders and investors. Design a custom dream home, build a main house with a detached garden suite, or maximize your return with a multi-unit multiplex. (Buyers must verify development potential and servicing with the Township). Situated on the accessible Craigflower corridor, future residents will love the easy walk to the scenic Gorge Waterway, Kinsmen Park, and local amenities. Quick transit routes to CFB Esquimalt and Downtown Victoria make this location highly desirable for future tenants or buyers. Don't wait, bare land in this rapidly growing neighborhood is incredibly rare! Seize this Esquimalt opportunity today. (id:63159)

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

19

4/9 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 SchoolSecondary1.0 km
Rockheights Middle SchoolElementary1.1 km
Tillicum Community SchoolElementary1.4 km
Craigflower ElementaryElementary1.4 km
BeausoleilElementary1.5 km
Victor-BrodeurK-121.5 km
Shoreline Community Middle SchoolMiddle1.8 km
Victoria West 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 (1)

  • Il Greco: Pizzeria & Kebab · 300 Gorge Road West597 m

Grocery (1)

  • Fairway Market Gorge Centre · 272 Gorge Road West757 m

Parks (5+)

  • Esquimalt Gorge Park231 m
  • Gorge Waterway Park535 m
  • Glen Vale Water Access604 m
  • McNaughton Water Access651 m
  • Unnamed658 m

Banks & ATMs (1)

  • CIBC · 2925 Tillicum Road722 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 7.2% ($65,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$720,000.00
Periodic payment — Principal & Interest (monthly)$4,645.20
Additional monthly expenses (strata, tax, utilities, etc.)$470.50
Total monthly cost$5,115.70
Interest paid over 5-yr term$206,354.07
Balance at end of term$647,642.33

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$65,000
Stress test qualifying rate8.09%
Payment you must qualify for$6,420.86

Cash Needed at Closing

Minimum down payment$65,000
Estimated BC PTT$16,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$82,500

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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