Property Type: Land / LotOwnership: Freehold

652 Wain Rd

North Saanich, BC V8L5M5

$2,200,000

0 bed0 bath10 parking
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Property Details

Property & Lot

Lot size
1.75 acres
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$5,113

Interior

Fireplace
None

Building

Parcel ID (PID)
007-928-858

Parking

Total spaces
10

Listing Information

MLS®
1048295
Listed
September 2, 2026
Time on market
On the market for 11 days
Data last synced
September 13, 2026

Listing provided by: Day Team Realty Ltd · Data source: CREA DDF.

Description

Located in the highly sought-after area of Deep Cove, this 1.75-acre, level property features 7,085.71 m² of land with R2 single-family residential zoning. This zoning allows for subdivision with a minimum lot requirement of 2,000 m² per lot. Existing services, including water and hydro, are already in place for the existing home. This property offers many exciting possibilities, including the potential to subdivide into 2 to 3 lots (a 3rd lot may require a minor variance), OR create your own custom home development in an executive area surrounded by fine properties. Buyers are encouraged to contact the District of North Saanich regarding subdivision options and requirements. Probate has been completed, so this exceptional property is ready to sell now! Buyer to independently verify subdivision potential, zoning requirements, servicing, variances and all necessary approvals with the District of North Saanich. Call Now ''What a differencea Day makes'' (id:63159)

Location Insights

Weather

Nearest station: Victoria (Hartland)

Cloudy

13°C

Cloudy

Humidity 84%

Wind NNW 5 km/h

Today

18°

Tonight

12°

Monday

16°

Monday night

11°

Tuesday

20°

Tuesday night

10°

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.

Nearby Schools

SchoolTypeDistance
Deep Cove ElementaryElementary1.2 km
Parkland SecondarySecondary3.8 km
North Saanich Middle SchoolMiddle4.2 km
Sidney ElementaryElementary5.7 km
Brentwood College(Independent)Secondary6.7 km
ḰELSET ElementaryElementary6.8 km
George Bonner ElementaryElementary6.9 km
Frances Kelsey SecondarySecondary7.5 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 (3)

  • Denham Till Park414 m
  • R.O. Bull Park575 m
  • Wain Park718 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($440,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,760,000.00
Periodic payment — Principal & Interest (monthly)$11,354.92
Additional monthly expenses (strata, tax, utilities, etc.)$426.08
Total monthly cost$11,781.01
Interest paid over 5-yr term$504,421.06
Balance at end of term$1,583,125.69

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$440,000
Stress test qualifying rate8.09%
Payment you must qualify for$13,533.78

Cash Needed at Closing

Minimum down payment$440,000
Estimated BC PTT$44,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$485,500

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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