Property Type: Detached HouseOwnership: Freehold

5 Highbank Rd

View Royal, BC V9B1V3

$1,535,000

5 bed4 bath5 parking3,701 sqftBuilt 1993
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Property Details

Property & Lot

Sub-type
House
Lot size
0.61 acres
Zoning
Residential

R1-B

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,037.24

Interior

Heating
Baseboard heaters, Forced air, Electric, Natural gas
Cooling / A/C
See Remarks
Fireplace
None

Exterior & Lot

View
Mountain view, Ocean view

Parking

Total spaces
5

Room Dimensions

RoomLevelDimensions
WorkshopOther
Living roomOther
BathroomOther3-Piece
KitchenOther
EnsuiteSecond level4-Piece
Primary BedroomSecond level
BathroomSecond level5-Piece
BedroomSecond level
BedroomSecond level
EntranceMain level
KitchenMain level
BedroomMain level
BathroomMain level4-Piece
Laundry roomMain level
Utility roomMain level
BedroomMain level
Family roomMain level
Living roomSecond level
Dining roomSecond level
KitchenSecond level
Eating areaSecond level

Listing Information

MLS®
1037450
Listed
May 21, 2026
Time on market
On the market for 102 days
Data last synced
August 28, 2026

Listing provided by: Sutton Group West Coast Realty · Data source: CREA DDF.

Description

Beautiful Ocean & Olympic Mountain views grace this sunny, large lot property overlooking Esquimalt Harbour. This 1993 home presents many opportunities for families, extended families or those seeking additional income. The upper (main) level of the house has 3 spacious bedrooms, including a large primary bedroom with walk-in closet and ensuite bath. The open living/dining room & spacious kitchen all enjoy southerly ocean & mountain views, with access to the ocean view on a huge wrap around deck from all these rooms. A second 4-piece bathroom has laundry hook-ups in the bathroom closet. On the lower level is separate 2-bedroom additional accommodation with kitchen, 4-piece bathroom & laundry - great for extended families! Detached oversized double car garage has its own workshop, and there is a bachelor 3rd separate suite above with galley kitchen and 3-piece bath. Low maintenance yard is mostly in a natural state, which provides privacy from neighbours. Large parking area provides room for a RV, boat, trailer or several more cars. A great property for those looking for space, privacy and an outstanding million dollar expansive outlook. (id:63159)

Values & Trends

This listing

$415/sqft

Building average

No other active listings in this building

Six Mile average

$592/sqft

2 active listing(s)

Parking: 5 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

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

15

2/9 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
Eagle View ElementaryElementary1.2 km
View Royal ElementaryElementary1.3 km
Crystal View ElementaryElementary1.9 km
Shoreline Community Middle SchoolMiddle2.1 km
Craigflower ElementaryElementary2.5 km
Brookes Westshore(Independent)Elementary2.6 km
Savory ElementaryElementary2.6 km
John Stubbs MiddleElementary2.7 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+)

  • Price Park · 61 Knollwood Road83 m
  • Knollwood Park · 3 Pearce Place128 m
  • Highbank Park · 381 Island Highway137 m
  • Parsons Bridge Park363 m
  • Jalan Park · 322 Jalan Place441 m

Shopping (1)

  • 6 Mile Market629 m

Nearby places data: © OpenStreetMap contributors.

School district: Victoria (SD61)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($307,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,228,000.00
Periodic payment — Principal & Interest (monthly)$7,922.64
Additional monthly expenses (strata, tax, utilities, etc.)$771.44
Total monthly cost$8,694.08
Interest paid over 5-yr term$351,948.33
Balance at end of term$1,104,589.97

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$307,000
Stress test qualifying rate8.09%
Payment you must qualify for$9,442.89

Cash Needed at Closing

Minimum down payment$307,000
Estimated BC PTT$28,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$337,200

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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