Property Type: Land / LotOwnership: Freehold

3020 WESTRIDGE Pl

Highlands, BC V9C1C8

$2,900,000

0 bed0 bath20 parking
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Property Details

Property & Lot

Lot size
6.17 acres
Zoning
Residential

RR2

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$5,264

Interior

Fireplace
None

Exterior & Lot

View
City view, Lake view, Mountain view, Ocean view, Valley view

Parking

Total spaces
20

Listing Information

MLS®
995035
Listed
April 10, 2025
Time on market
On the market for 508 days
Data last synced
August 28, 2026

Listing provided by: Coldwell Banker Oceanside Real Estate · Data source: CREA DDF.

Description

Extremely rare! 6.17 Acre Mountain Top w/360 Degree Sweeping Views! First time on the Market in 40+ years! An opportunity here to build your dream home with sweeping views in every window in every direction. Million Dollar 66ft wide paved driveway, 30 GPM Well, & 2 septic fields. Property has a 1 Br + loft 1100Sf home w/semi-attached secondary 2018 3 Br 1137SF self contained home while you build &/or possible future mortgage helper. 4.5KM country drive to Burnside, 11 minutes from Hwy#1. Owner down-sizing and will look at trades Duncan/Ladysmith areas. $2.12 mil USD,(03/01/26 (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

2,482

(2021 Census)

+11.6% since 2016

Density: 65.3/km²

Dwellings: 927

Median household income: $122,000

After-tax: $105,000

Immigrant population: 11.6%

Top countries of origin (% of total population)

  • United Kingdom3.4% · 85
  • United States of America1.6% · 40
  • Netherlands1.4% · 35
  • Korea, South1% · 25
  • Peru0.4% · 10
  • Ukraine0.4% · 10

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Prospect Lake ElementaryElementary3.1 km
Eagle View ElementaryElementary4.1 km
Strawberry Vale ElementaryElementary4.2 km
Discovery School(Independent)K-124.6 km
Millstream ElementaryElementary4.7 km
Northridge ElementaryElementary4.9 km
Royal Oak Middle SchoolMiddle5.2 km
Lakewood ElementaryElementary5.2 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: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($580,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,320,000.00
Periodic payment — Principal & Interest (monthly)$14,967.85
Additional monthly expenses (strata, tax, utilities, etc.)$438.67
Total monthly cost$15,406.52
Interest paid over 5-yr term$664,918.67
Balance at end of term$2,086,847.50

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$580,000
Stress test qualifying rate8.09%
Payment you must qualify for$17,839.99

Cash Needed at Closing

Minimum down payment$580,000
Estimated BC PTT$65,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$646,500

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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