Property Type: Land / LotOwnership: Freehold

3294 Henderson Rd

Oak Bay, BC V8P5A6

$1,999,000

0 bed0 bath5 parking
Get Directions

Property Details

Property & Lot

Lot size
19,824 square feet
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$8,343

Interior

Fireplace
None

Parking

Total spaces
5

Listing Information

MLS®
1046450
Listed
August 12, 2026
Time on market
On the market for 19 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Coast Capital - Oak Bay · Data source: CREA DDF.

Description

DEVELOPMENT SITE FOR SALE | A Property of this size in this location is getting harder and harder to find. Steps to Camosun, and not much further to UVIC, Hillside Mall, or the Uplands Golf Course, this location is hard to match. The current zoning allows for over 12,000sqft GBA and up to 4 units. The opportunity for redevelopment is diverse though, with potential for subdivision into smaller SFD lots, or rezone for a higher density of townhomes as outlined in the current OCP. (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

4

1/9 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. Michaels University School(Independent)K-12838 m
Artemis Place Secondary(Independent)Secondary958 m
Lansdowne Middle SchoolMiddle1.1 km
Ecole Willows ElementaryElementary1.6 km
Doncaster ElementaryElementary1.7 km
Oaklands ElementaryElementary1.8 km
Campus View ElementaryElementary1.9 km
St Patrick's School(Independent)Elementary1.9 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

Parks (1)

  • Oakdowne Park628 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($399,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,599,200.00
Periodic payment — Principal & Interest (monthly)$10,317.50
Additional monthly expenses (strata, tax, utilities, etc.)$695.25
Total monthly cost$11,012.75
Interest paid over 5-yr term$458,335.32
Balance at end of term$1,438,485.57

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$399,800
Stress test qualifying rate8.09%
Payment you must qualify for$12,297.29

Cash Needed at Closing

Minimum down payment$399,800
Estimated BC PTT$37,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$439,280

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.

Request more information