Property Type: Land / LotOwnership: Strata

7120 Friendship Lane

Sooke, BC V9Z1C1

$799,900

0 bed0 bath
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Property Details

Property & Lot

Lot size
11,840 square feet
Zoning
Residential

CD3

Ownership & Fees

Property type
Land / Lot
Ownership
Strata
Strata / maintenance fee
$141/mo
Annual property tax
$5,356.39

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Listing Information

MLS®
1044898
Listed
August 5, 2026
Time on market
On the market for 27 days
Data last synced
August 28, 2026

Listing provided by: Century 21 Queenswood Realty Ltd. · Data source: CREA DDF.

Description

Welcome to 7120 Friendship Lane at the Exclusive Silver Spray Marina Estates—a rare offering for those seeking an exceptional oceanfront lifestyle. This low-bank waterfront lot captures the essence of luxury coastal living with unobstructed, panoramic views across the Juan de Fuca Strait to the Olympic Mountains and Whiffen Spit. Imagine custom-building your dream home on this private, estate-sized parcel where every day ends with a technicolor west coast sunset. Steps from your property lies a serene pebble beach—ideal for paddleboarding, kayaking, or simply soaking up the tranquil sounds of the Pacific. Watch for majestic orcas, bald eagles, and marine life right from your deck. Adjacent to over 3,600 acres of untouched nature in East Sooke Regional Park, you'll enjoy 50+ km of hiking trails and 10 km of rugged oceanfront—an unmatched backyard for outdoor lovers. All this located just 60 minutes from downtown Victoria, with easy access to BC Ferries and YYJ airport. When complete, the adjacent Silver Spray Marina will offer priority moorage for owners and exclusive privileges—elevating your waterfront experience even further. Notably, this land is exempt from Canada’s foreign buyer ban, making it a golden opportunity for international purchasers to secure a slice of Vancouver Island’s west coast magic. With Canada’s mildest climate, world-class fishing, and a truly elevated lifestyle, this is where your legacy begins. Pre-approved 50% mortgage financing available at Prime + 1.5% for a 2-year term. No qualification required – land serves as security. Book your private tour today and step into your coastal dream. (id:63159)

Location Insights

Weather

Nearest station: Malahat

Mainly Clear

14°C

Mainly Clear

Humidity 86%

Wind WSW 7 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Population

15,086

(2021 Census)

+16% since 2016

Density: 266.5/km²

Dwellings: 6,431

Median household income: $90,000

After-tax: $79,500

Immigrant population: 11.7%

Top countries of origin (% of total population)

  • United Kingdom4.1% · 620
  • United States of America1.5% · 230
  • Germany0.8% · 120
  • Philippines0.7% · 110
  • Netherlands0.5% · 80
  • China0.2% · 35
  • Poland0.2% · 30
  • Mexico0.2% · 25

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

4

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
Sooke ElementaryElementary2.9 km
John Muir ElementaryElementary3.4 km
Journey Middle SchoolMiddle3.7 km
Edward Milne Community SchoolSecondary3.9 km
Saseenos ElementaryElementary4.0 km
Ecole Poirier ElementaryElementary4.0 km
Hans Helgesen ElementaryElementary11.6 km
Westmont Montessori School(Independent)K-1214.4 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)

  • Whiffin Spit Park · 1510 Whiffin Spit Road732 m

Nearby places data: © OpenStreetMap contributors.

School district: Sooke (SD62)

Mortgage & Ownership Cost Calculator

Minimum required: 6.9% ($54,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$639,920.00
Periodic payment — Principal & Interest (monthly)$4,128.55
Additional monthly expenses (strata, tax, utilities, etc.)$587.37
Total monthly cost$4,715.91
Interest paid over 5-yr term$183,402.91
Balance at end of term$575,610.11

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$54,990
Stress test qualifying rate8.09%
Payment you must qualify for$5,728.10

Cash Needed at Closing

Minimum down payment$54,990
Estimated BC PTT$13,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$70,488

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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