Property Type: Land / LotOwnership: Strata

1177 Silver Spray Dr

Sooke, BC V9Z1L8

$434,900

0 bed0 bath4 parking
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Property Details

Property & Lot

Lot size
20,473 square feet
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Strata
Strata / maintenance fee
$150/mo
Annual property tax
$2,626.77

Interior

Fireplace
None

Exterior & Lot

View
Mountain view

Parking

Total spaces
4

Listing Information

MLS®
1044154
Listed
July 24, 2026
Time on market
On the market for 39 days
Data last synced
August 28, 2026

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

Description

Seller will consider a Vendor Take-Back Mortgage in First Position with $125,000. down. This 0.47-acre building lot offers nearly half an acre of usable land and an excellent opportunity to design and build your custom home. The property is serviced by city water and includes a common septic system already installed. Conveniently located approximately 30 minutes from Sooke’s town core and 40 minutes to the Westshore. The property is located in the popular Silver Spray Development apart of the District of Sooke and situated just 100 yards from Sooke Point, a world-renowned development with easy access to East Sooke Park. Enjoy close proximity to world-class hiking and the East Sooke Coastal Trail, featuring stunning coastal scenery with views of the Juan de Fuca Strait and Olympic Mountains. Call for your private viewing today! (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
Sooke ElementaryElementary4.1 km
John Muir ElementaryElementary4.2 km
Journey Middle SchoolMiddle4.9 km
Edward Milne Community SchoolSecondary5.1 km
Saseenos ElementaryElementary5.2 km
Ecole Poirier ElementaryElementary5.3 km
Hans Helgesen ElementaryElementary11.7 km
Westmont Montessori School(Independent)K-1214.8 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.

School district: Sooke (SD62)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($21,745) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$347,920.00
Periodic payment — Principal & Interest (monthly)$2,244.66
Additional monthly expenses (strata, tax, utilities, etc.)$368.90
Total monthly cost$2,613.56
Interest paid over 5-yr term$99,714.87
Balance at end of term$312,955.17

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$21,745
Stress test qualifying rate8.09%
Payment you must qualify for$3,177.02

Cash Needed at Closing

Minimum down payment$21,745
Estimated BC PTT$6,698
Legal / closing costs (typical estimate)$1,500
Total cash needed$29,943

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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