Property Type: Land / LotOwnership: Freehold

2501 Wootton Cres

Oak Bay, BC V8R5M7

$1,150,000

0 bed0 bath4 parking
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Property Details

Property & Lot

Lot size
7,000 square feet
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$6,496.41

Interior

Heating
Heat Pump, Electric, Other, Other
Cooling / A/C
None
Fireplace
None

Parking

Total spaces
4 — covered indicated
Features
Garage

Listing Information

MLS®
1034543
Listed
May 4, 2026
Time on market
On the market for 119 days
Data last synced
August 28, 2026

Listing provided by: NAI Commercial (Victoria) Inc. · Data source: CREA DDF.

Description

Rare 7,000 sq ft corner lot with R5 zoning at 2501 Wootton Crescent in Oak Bay, perfectly positioned in the desirable Henderson area. This level, fully serviced property offers outstanding potential for a FOURPLEX or custom family home in one of Victoria's most beautiful municipalities. With approx. 70 ft frontage and 100 ft depth (est.), it provides flexibility for multi-unit builds or a spacious residence with garden and garage. Just minutes to Willows Beach, top-ranked schools, golf courses, and all Oak Bay Village amenities, with downtown Victoria under 10 minutes away. Take advantage of strong redevelopment opportunities in a stable, welcoming neighbourhood. Whether you’re an investor seeking a premium site or a family ready to build your forever home, this blank canvas invites your vision in a location that blends lifestyle and value. Contact the listing agent for details on zoning, site plans, and development guidelines. Survey available (id:63159)

Location Insights

Weather

Nearest station: Gonzales Point

15°C

Humidity 76%

Wind W 10 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Population

17,990

(2021 Census)

-0.6% since 2016

Density: 1,710.1/km²

Dwellings: 8,168

Median household income: $107,000

After-tax: $93,000

Immigrant population: 21.9%

Top countries of origin (% of total population)

  • United Kingdom7% · 1,265
  • United States of America2.9% · 515
  • China1.5% · 270
  • Germany0.9% · 155
  • South Africa, Republic of0.5% · 85
  • Netherlands0.4% · 80
  • Philippines0.4% · 75
  • Taiwan0.4% · 70

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

48

7/9 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
St Patrick's School(Independent)Elementary565 m
Ecole Willows ElementaryElementary585 m
Oak Bay SecondarySecondary662 m
Artemis Place Secondary(Independent)Secondary1.1 km
Sundance-Bank ElementaryElementary1.2 km
Lansdowne Middle SchoolMiddle1.3 km
Victor SchoolK-121.5 km
Oaklands ElementaryElementary1.5 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 (4)

  • Machi Sushi · 2583 Cadboro Bay Road470 m
  • Baan Thai483 m
  • Le Pho · 1990 Fort Street554 m
  • Hot House Pizza598 m

Cafes (5+)

  • Pure Vanilla Bakery and Cafe439 m
  • Tim Hortons470 m
  • Starbucks667 m
  • Tim Hortons · 1950 Foul Bay Road729 m
  • Tim Hortons752 m

Grocery (3)

  • The Old Farm Market · 2585 Cadboro Bay Road483 m
  • Farmy Market · 2897 Foul Bay Road627 m
  • Save-On-Foods · 1950 Foul Bay Road751 m

Parks (5+)

  • Carnarvon Park373 m
  • Unnamed · 2037 Cadboro Bay Road532 m
  • Unnamed555 m
  • Allenby Park608 m
  • Kings Park · 1843 Kings Road618 m

Gyms (1)

  • barreMADE · 2270 Cadboro Bay Road451 m

Pharmacies (2)

  • Rexall · 1990 Fort Street542 m
  • The Medicine Shoppe · 1964 Fort Street602 m

Banks & ATMs (4)

  • TD492 m
  • Coast Capital Savings · 2067 Cadboro Bay Road496 m
  • Instacoin ATM636 m
  • Island Savings: Jubilee Branch · 1955 Fort Street673 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 7.8% ($90,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$920,000.00
Periodic payment — Principal & Interest (monthly)$5,935.53
Additional monthly expenses (strata, tax, utilities, etc.)$541.37
Total monthly cost$6,476.90
Interest paid over 5-yr term$263,674.64
Balance at end of term$827,542.98

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$90,000
Stress test qualifying rate8.09%
Payment you must qualify for$8,151.03

Cash Needed at Closing

Minimum down payment$90,000
Estimated BC PTT$21,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$112,500

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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