Property Type: Detached HouseOwnership: Freehold

57 McKenzie Cres

Piers Island, BC V8L5Y7

$1,299,000

3 bed3 bath3 parking2,069 sqftBuilt 2000
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Property Details

Property & Lot

Sub-type
House
Lot size
0.57 acres
Zoning
Rural residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,903

Interior

Heating
Heat Pump, Baseboard heaters, Electric, Wood
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)
Appliances
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean
Lot features
Private setting, Wooded area, Other

Building

Parcel ID (PID)
004-227-808

Parking

Total spaces
3

Room Dimensions

RoomLevelDimensions
BedroomAuxiliary Building
LoftSecond level9'6
BedroomSecond level10'1 x 14'5
BathroomSecond level4-Piece
OfficeSecond level10'7 x 11'10
Family roomSecond level13'2 x 19'2
StorageMain level9'4 x 11'4
BathroomAuxiliary Building2-Piece
StorageMain level7'6 x 7'6
BathroomMain level3-Piece
Primary BedroomMain level10'7 x 14'1
Living roomMain level14'10 x 19'2
Dining roomMain level10'8 x 9'10
KitchenMain level18'5 x 9'4
EntranceMain level9'6 x 15'8

Listing Information

MLS®
1034568
Listed
May 7, 2026
Time on market
On the market for 116 days
Data last synced
August 31, 2026

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

Description

On Piers Island, waterfront isn’t a luxury—it’s the standard. Every property is waterfront (except for 3) around the island with approx 150 acres of exclusive park, filled with trails for the locals to enjoy. This property offers approx 100' of pure sand beach and a protective storm wall at the high tide mark to protect the property from high water storm erosion. Piers Island owners have access to a secured parking lot at Swarts Bay where electric car charging can be installed and the mail boxes are located. This spot also offers a private boat launch. The Government dock located next to the parking area offers the option of a boat mooring for Approx $500.00/year. There is also a mooring space located at the Piers island Government dock for approx $1000.00/ year. There is also a boat ramp on Piers Island for the locals to use. The government docs offer carefree ownership and ease of use. This is a rare opportunity to live in a stress free waterfront home. Check out the property website on the feature sheet link for 2 detailed videos, more property details and floorplans. (id:63159)

Values & Trends

This listing

$628/sqft

Building average

No other active listings in this building

Piers Island average

$489/sqft

1 active listing(s)

Parking: 3 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: Victoria (Hartland)

Mainly Clear

15°C

Mainly Clear

Humidity 80%

Wind WNW 5 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Parkland SecondarySecondary4.0 km
Deep Cove ElementaryElementary4.4 km
North Saanich Middle SchoolMiddle4.5 km
Sidney ElementaryElementary6.0 km
ḰELSET ElementaryElementary8.9 km
George Bonner ElementaryElementary12.1 km
Brentwood College(Independent)Secondary12.1 km
SD 63 Individual Learning CentreSecondary12.2 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.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 8.1% ($104,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,039,200.00
Periodic payment — Principal & Interest (monthly)$6,704.57
Additional monthly expenses (strata, tax, utilities, etc.)$344.92
Total monthly cost$7,049.48
Interest paid over 5-yr term$297,837.71
Balance at end of term$934,763.76

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$104,900
Stress test qualifying rate8.09%
Payment you must qualify for$9,182.21

Cash Needed at Closing

Minimum down payment$104,900
Estimated BC PTT$23,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$130,380

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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