Block 1241 Malahat (Off) Hwy
Malahat, BC V0R2W3
$19,999,900
Property Details
Property & Lot
- Lot size
- 360 acres
- Zoning
- Unknown
RUR-1 - Rural Resource
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $16,390.24
Interior
- Fireplace
- None
Exterior & Lot
- View
- Mountain view, Ocean view, Valley view
Listing Information
- MLS®
- 1033201
- Listed
- April 23, 2026
- Time on market
- On the market for 130 days
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX Camosun · Data source: CREA DDF.
Description
Premier 360-acre holding forming part of a rare 400-acre contiguous land assembly on the Malahat, one of Southern Vancouver Island’s most significant development opportunities. Strategically located just 15 minutes from Langford and Greater Victoria, this expansive parcel offers scale, highway frontage, and long-term upside. Zoned RUR-1 with a Forest Resource designation, it supports resource use today while positioning for future rezoning. Approximately 22 acres are designated for industrial use, enhancing flexibility for a mixed-use vision. Combined with the adjacent 40-acre Settlement Area parcel in the CRD, this assembly presents compelling potential for a master-planned community incorporating residential, commercial, and light industrial uses. Strong exposure to the Trans-Canada Highway, proximity to a former rail corridor, and potential for future access further elevate the opportunity. A landmark land banking or development asset in a rapidly growing corridor. (id:63159)
Location Insights
Weather
14°C
Mainly Clear
Humidity 92%
Wind WSW 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
| School | Type | Distance |
|---|---|---|
| Bayside Middle School | Middle | 9.0 km |
| Brentwood Elementary | Elementary | 9.5 km |
| St John's Preparatory Academy Shawnigan(Independent) | K-12 | 9.6 km |
| Brentwood College(Independent) | Secondary | 10.6 km |
| Stelly's Secondary | Secondary | 10.7 km |
| Prospect Lake Elementary | Elementary | 11.0 km |
| SD 63 Individual Learning Centre | Secondary | 11.3 km |
| Lakewood Elementary | Elementary | 11.4 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.
School district: Cowichan (SD79)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($3,999,980) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.