Property Type: Land / LotOwnership: Freehold

537 Cromar Rd

North Saanich, BC V8L5M5

$925,000

0 bed0 bath
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Property Details

Property & Lot

Lot size
0.87 acres
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$3,825.36

Interior

Fireplace
None

Listing Information

MLS®
1047420
Listed
August 20, 2026
Time on market
On the market for 11 days
Data last synced
August 28, 2026

Listing provided by: eXp Realty · Data source: CREA DDF.

Description

Rare opportunity to secure a prime buildable lot in the highly sought-after North Saanich community. Located on peaceful Cromar Rd, this generous R-2 zoned property offers excellent potential for those looking to build their dream home in a private, natural setting. Surrounded by mature trees and established residences, the lot provides a serene West Coast environment with desirable southern exposure, allowing for abundant natural light throughout the day. The property’s size and zoning offer flexibility for a variety of building options, making it an ideal choice for custom home builders, investors, or those looking to create a long-term residence. The lot is well-positioned within a quiet residential pocket, offering both privacy and accessibility. Enjoy being just minutes from Deep Cove, local beaches, parks, marinas, and farm stands, while still within close proximity to Sidney, the airport, and BC Ferries. This is a rare chance to build in one of Vancouver Island’s most desirable rural-residential communities, where lifestyle and long-term value come together. (id:63159)

Location Insights

Weather

Nearest station: Victoria (Hartland)

Mainly Clear

16°C

Mainly Clear

Humidity 73%

Wind S 6 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Population

12,235

(2021 Census)

+8.8% since 2016

Density: 329.3/km²

Dwellings: 5,235

Median household income: $121,000

After-tax: $104,000

Immigrant population: 16.6%

Top countries of origin (% of total population)

  • United Kingdom6.8% · 830
  • United States of America1.6% · 195
  • Germany0.8% · 100
  • Netherlands0.8% · 100
  • India0.7% · 80
  • China0.5% · 60
  • South Africa, Republic of0.4% · 45
  • Hong Kong0.2% · 30

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
Deep Cove ElementaryElementary1.6 km
Parkland SecondarySecondary4.1 km
North Saanich Middle SchoolMiddle4.5 km
Sidney ElementaryElementary5.9 km
Brentwood College(Independent)Secondary6.2 km
George Bonner ElementaryElementary6.5 km
ḰELSET ElementaryElementary6.7 km
Frances Kelsey SecondarySecondary7.0 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)

  • R.O. Bull Park267 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 7.3% ($67,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$740,000.00
Periodic payment — Principal & Interest (monthly)$4,774.23
Additional monthly expenses (strata, tax, utilities, etc.)$318.78
Total monthly cost$5,093.01
Interest paid over 5-yr term$212,086.13
Balance at end of term$665,632.39

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$67,500
Stress test qualifying rate8.09%
Payment you must qualify for$6,593.87

Cash Needed at Closing

Minimum down payment$67,500
Estimated BC PTT$16,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$85,500

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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