Property Type: Land / LotOwnership: Strata

3692 Happy Valley Rd

Langford, BC V9C4J9

$13,860,000

0 bed0 bath132 parking
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Property Details

Property & Lot

Lot size
3.33 acres
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Strata
Strata / maintenance fee
$0/mo
Annual property tax
$33,834.79

Interior

Fireplace
None

Parking

Total spaces
132

Listing Information

MLS®
1041863
Listed
June 29, 2026
Time on market
On the market for 63 days
Data last synced
August 28, 2026

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

Description

This is a fully serviced 66-unit townhouse development site that is ready for construction. The project features duplex townhouses, all of which include double garages. Notably, 95% of the units also have driveways. The unit sizes range from 1,600 to 2,100 square feet. This site offers flexibility, as it can be subdivided into two separate lots with approximately 33 units each. Pls call the listing agent for details. (id:63159)

Location Insights

Weather

Nearest station: Esquimalt

14°C

Humidity 88%

Wind NNW 7 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Population

46,584

(2021 Census)

+31.8% since 2016

Density: 1,124.4/km²

Dwellings: 19,968

Median household income: $93,000

After-tax: $82,000

Immigrant population: 15.8%

Top countries of origin (% of total population)

  • United Kingdom2.5% · 1,165
  • Philippines2.2% · 1,005
  • India1.4% · 655
  • United States of America1.1% · 520
  • China0.8% · 380
  • Korea, South0.5% · 230
  • Viet Nam0.4% · 170
  • Germany0.4% · 165

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

7

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
Happy Valley ElementaryElementary2.3 km
Westmont Montessori School(Independent)K-122.6 km
Lighthouse Christian Academy(Independent)K-123.3 km
Royal Bay SecondaryElementary3.7 km
Belmont SecondaryElementary3.8 km
Wishart ElementaryElementary3.9 km
Dunsmuir Middle SchoolMiddle4.4 km
Sangster ElementaryElementary4.4 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 (5+)

  • A.T. (Tom) Gordon Memorial Field · 1006 Wild Ridge Way324 m
  • Valley View Ponds483 m
  • Loma Linda Park578 m
  • Unnamed592 m
  • Willing Park729 m

Nearby places data: © OpenStreetMap contributors.

School district: Sooke (SD62)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($2,772,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$11,088,000.00
Periodic payment — Principal & Interest (monthly)$71,536.01
Additional monthly expenses (strata, tax, utilities, etc.)$2,819.57
Total monthly cost$74,355.58
Interest paid over 5-yr term$3,177,852.67
Balance at end of term$9,973,691.86

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$2,772,000
Stress test qualifying rate8.09%
Payment you must qualify for$85,262.84

Cash Needed at Closing

Minimum down payment$2,772,000
Estimated BC PTT$611,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$3,384,500

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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