Property Type: Detached HouseOwnership: Freehold

708 Demel Pl

Colwood, BC V9C3L6

$1,515,000

4 bed4 bath5 parking2,774 sqftBuilt 2015
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Property Details

Property & Lot

Sub-type
House
Lot size
7,578 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,927

Interior

Heating
Natural gas, Hot Water, Other
Cooling / A/C
None
Fireplace
Yes (1)

Exterior & Lot

View
City view, Mountain view, Ocean view, Valley view

Parking

Total spaces
5

Room Dimensions

RoomLevelDimensions
Laundry roomMain level6'2 x 6'4
BedroomMain level10'1 x 11'3
BedroomMain level14'5 x 16'1
Primary BedroomMain level14'7 x 15'9
EnsuiteMain level5-Piece
BathroomMain level4-Piece
KitchenMain level12'3 x 13'0
Dining roomMain level13'8 x 14'6
Living roomMain level15'2 x 18'4
WorkshopLower level9'6 x 10'2
BathroomLower level2-Piece
Laundry roomLower level3'0 x 3'0
BathroomLower level4-Piece
KitchenLower level7'4 x 11'8
Living roomLower level12'11 x 14'8
BedroomLower level10'8 x 14'8
Family roomLower level13'7 x 14'10
EntranceLower level7'11 x 9'0

Listing Information

MLS®
1034091
Listed
April 30, 2026
Time on market
On the market for 123 days
Data last synced
August 28, 2026

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

Description

Pulling up to this incredible home, you’ll instantly notice that its quality stands head and shoulders above others in its class. Built in 2015, this home blends contemporary elegance with inviting comfort. Soaring vaulted ceilings, rich hardwood floors with in-floor heat, and solid wood interior doors set the tone, while expansive windows frame ocean & mountain views they also flood the living space with natural light. The main level is a families dream with a chef-inspired kitchen featuring quartz counters, high-end cabinetry, gas stove, and a generous island that flows into the open-concept living and dining spaces. Cozy up by the gas fireplace as you soak in the serene, tree-lined views. The primary offers a spa-like ensuite and quiet retreat, while the lower level boasts 10’ ceilings, a media/flex space, and a bright, self-contained 1-bedroom legal suite also with the same high-end finishes. Outside, enjoy a fully fenced yard with tranquil fish pond, and lush landscaping. (id:63159)

Values & Trends

This listing

$546/sqft

Building average

No other active listings in this building

Triangle average

$459/sqft

12 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

18,961

(2021 Census)

+12.5% since 2016

Density: 1,073.7/km²

Dwellings: 7,688

Median household income: $102,000

After-tax: $89,000

Immigrant population: 12.7%

Top countries of origin (% of total population)

  • United Kingdom2.7% · 515
  • United States of America1.1% · 200
  • Philippines0.8% · 160
  • China0.7% · 125
  • Germany0.6% · 115
  • Korea, South0.5% · 90
  • India0.4% · 75
  • Portugal0.3% · 60

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

11

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
Wishart ElementaryElementary1.2 km
Happy Valley ElementaryElementary1.7 km
Royal Bay SecondaryElementary1.8 km
Sangster ElementaryElementary1.8 km
Dunsmuir Middle SchoolMiddle1.9 km
Colwood ElementaryElementary2.5 km
Westshore Secondary SchoolSecondary2.5 km
Lighthouse Christian Academy(Independent)K-122.6 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+)

  • Claudette Park · 729 Claudette Court183 m
  • Karger Park186 m
  • Lookout Lake Park314 m
  • Sun Estates Park511 m
  • Ocean View Park561 m

Nearby places data: © OpenStreetMap contributors.

School district: Sooke (SD62)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($303,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,212,000.00
Periodic payment — Principal & Interest (monthly)$7,819.41
Additional monthly expenses (strata, tax, utilities, etc.)$716.25
Total monthly cost$8,535.66
Interest paid over 5-yr term$347,362.68
Balance at end of term$1,090,197.92

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$303,000
Stress test qualifying rate8.09%
Payment you must qualify for$9,319.86

Cash Needed at Closing

Minimum down payment$303,000
Estimated BC PTT$28,300
Legal / closing costs (typical estimate)$1,500
Total cash needed$332,800

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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