Property Type: Detached HouseOwnership: Freehold

497 Outrigger Loop

Colwood, BC V9C4L1

$1,399,900

4 bed4 bath4 parking2,831 sqftBuilt 2003
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Property Details

Property & Lot

Sub-type
House
Lot size
9,396 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,839.68

Interior

Heating
Heat Pump, Forced air, Natural gas
Cooling / A/C
Central air conditioning
Fireplace
Yes (1)

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
OfficeMain level10' x 13'
Laundry roomMain level6' x 10'
Family roomMain level8' x 13'
EnsuiteSecond level5-Piece
BedroomSecond level11' x 11'
BedroomSecond level10' x 13'
BathroomOther4-Piece
BathroomSecond level4-Piece
BathroomMain level2-Piece
Primary BedroomOther20' x 28'
Primary BedroomSecond level13' x 16'
KitchenOther5' x 8'
KitchenMain level10' x 12'
Dining roomMain level11' x 12'
Living roomMain level13' x 16'
EntranceMain level7' x 9'

Listing Information

MLS®
1046653
Listed
August 13, 2026
Time on market
On the market for 19 days
Data last synced
August 28, 2026

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

Description

Beautifully updated & meticulously maintained family home on a rare 9,000 plus sqft lot in the established area of sought-after Royal Bay. Offering 3 bedrooms up plus a fully self-contained legal suite above the garage, ideal for families, multi-generational living or a mortgage helper. The spacious main floor features formal living & dining rooms, family room, open kitchen and den/media room. The generous primary suite includes a beautifully updated ensuite with walk-in shower, with all bathrooms tastefully updated. Extensive improvements include a new roof, fresh interior & exterior paint, new fencing, heat pump with gas furnace, gas fireplace, gas stove & new hot water tank. Beautifully landscaped yard, oversized double garage & expansive crawl space provide exceptional outdoor space, parking and storage. Located on a quiet street, walking distance to Royal Bay amenities, schools, minutes from the beach, with easy access to Royal Bay’s 10 km network of coastal and forested trails. (id:63159)

Values & Trends

This listing

$494/sqft

Building average

No other active listings in this building

Latoria average

No comparable active listings

Parking: 4 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Nearest station: Esquimalt

15°C

Humidity 82%

Wind N 2 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Population

18,961

(2021 Census)

+12.5% since 2016

Density: 1,073.7/km²

Dwellings: 7,688

Median household income: $102,000

After-tax: $89,000

Immigrant population: 12.7%

Top countries of origin (% of total population)

  • United Kingdom2.7% · 515
  • United States of America1.1% · 200
  • Philippines0.8% · 160
  • China0.7% · 125
  • Germany0.6% · 115
  • Korea, South0.5% · 90
  • India0.4% · 75
  • Portugal0.3% · 60

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

26

4/9 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
Royal Bay SecondaryElementary603 m
Dunsmuir Middle SchoolMiddle1.6 km
Wishart ElementaryElementary1.7 km
Sangster ElementaryElementary1.9 km
Westmont Montessori School(Independent)K-122.6 km
Happy Valley ElementaryElementary3.1 km
Colwood ElementaryElementary3.3 km
Westshore Secondary SchoolSecondary3.4 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

Cafes (2)

  • Sequoia Coastal Coffee430 m
  • Tim Hortons · 3554 Ryder Hesjedal Way677 m

Grocery (1)

  • Red Barn Market · 611 Brookside Road639 m

Parks (5+)

  • Elizabeth Ann Park · 527 Elizabeth Ann Drive130 m
  • Unnamed312 m
  • Promenade Park · 3500 Promenade Crescent355 m
  • Pondside Park369 m
  • Unnamed410 m

Banks & ATMs (1)

  • HSBC776 m

Nearby places data: © OpenStreetMap contributors.

School district: Sooke (SD62)

Mortgage & Ownership Cost Calculator

Minimum required: 8.2% ($114,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,119,920.00
Periodic payment — Principal & Interest (monthly)$7,225.34
Additional monthly expenses (strata, tax, utilities, etc.)$711.97
Total monthly cost$7,937.32
Interest paid over 5-yr term$320,972.29
Balance at end of term$1,007,371.66

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$114,990
Stress test qualifying rate8.09%
Payment you must qualify for$9,880.51

Cash Needed at Closing

Minimum down payment$114,990
Estimated BC PTT$25,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$142,488

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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