5 Erskine Lane
View Royal, BC V8Z1R7
$4,959,000
Property Details
Property & Lot
- Lot size
- 1.08 acres
- Zoning
- Unknown
A-3
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $20,176.62
Interior
- Fireplace
- None
Exterior & Lot
- View
- City view, Mountain view
Listing Information
- MLS®
- 1021973
- Listed
- December 16, 2025
- Time on market
- On the market for 258 days
- Data last synced
- August 28, 2026
Listing provided by: Sutton Group West Coast Realty · Data source: CREA DDF.
Description
Attention Developers! We’re pleased to offer the last large development site for sale on Erskine Lane that’s perched high at the end of the road with southerly views overlooking View Royal to the Olympic Mountains. This 47,000 square foot property is designated “Intensive Mixed Use” in the View Royal Official Community Plan, which foresees commercial and residential uses in buildings up to 5 Storeys with a maximum 2.5:1.0 FSR. This site enjoys the best location and outlook for exclusive ocean view apartments on every level. Municipal infrastructure upgrades are underway to service similar development projects on Erskine Lane. Two rental houses provide holding income while development plans are formulated. Don’t miss this exciting opportunity to build a true landmark building in View Royal! Please DO NOT walk the property without a confirmed appointment! (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
11,575
(2021 Census)
+11.2% since 2016
Density: 807.7/km²
Dwellings: 5,175
Median household income: $98,000
After-tax: $86,000
Immigrant population: 18.4%
Top countries of origin (% of total population)
- United Kingdom3.5% · 400
- India2.5% · 290
- Philippines1.3% · 145
- United States of America1% · 120
- China1% · 115
- Germany0.6% · 65
- Pakistan0.5% · 55
- Hong Kong0.4% · 45
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
30
5/9 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
| School | Type | Distance |
|---|---|---|
| Eagle View Elementary | Elementary | 535 m |
| View Royal Elementary | Elementary | 837 m |
| Shoreline Community Middle School | Middle | 1.4 km |
| Craigflower Elementary | Elementary | 1.6 km |
| Strawberry Vale Elementary | Elementary | 2.0 km |
| Discovery School(Independent) | K-12 | 2.1 km |
| Ecole Marigold School | Elementary | 2.1 km |
| Spectrum Community | Secondary | 2.1 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 (1)
- Sushi K Japanese Restaurant · #135-19 Helmcken Road754 m
Cafes (3)
- Tim Hortons327 m
- Tim Hortons700 m
- Starbucks736 m
Grocery (1)
- Quality Foods633 m
Parks (5+)
- Unnamed85 m
- Game Nature Park306 m
- Parkcrest Park308 m
- Stoneridge Wetland Park · 211 Stoneridge Place349 m
- View Royal Park · 1300 Pheasant Lane454 m
Banks & ATMs (1)
- Coastal Community Credit Union725 m
Nearby places data: © OpenStreetMap contributors.
School district: Victoria (SD61)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($991,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.