DL54 Malahat (Off) St
Malahat, BC V0R2L0
$1,999,900
Property Details
Property & Lot
- Lot size
- 40 acres
- Zoning
- Unknown
GB-2
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $1,089.16
Interior
- Fireplace
- None
Exterior & Lot
- View
- Mountain view, Ocean view, Valley view
Listing Information
- MLS®
- 1033198
- 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
Exceptional 40-acre ocean view parcel in the sought-after Goldstream Heights area of the Malahat, within the Capital Regional District (CRD). Located in the Malahat Settlement Area of the OCP, this property supports future residential and mixed-use development, with a clear path to subdivision and target parcel sizes of approximately 1 hectare (2.47 acres). The designation encourages well-planned integration of residential and commercial uses, supported by guidelines that protect long-term value and livability. Part of a rare 400+ acre land assembly, including a neighbouring 338-acre parcel and 22-acre industrial site, offering scale for a comprehensive master-planned vision. Ocean views, privacy, and convenient access to the Trans-Canada Highway, all within easy reach of Greater Victoria. Buyers to verify permitted uses with the CRD. (id:63159)
Location Insights
Weather
16°C
Mainly Clear
Humidity 73%
Wind S 6 km/h
Tonight
12°
Tuesday
19°
Tuesday night
13°
Wednesday
15°
Wednesday night
11°
Thursday
15°
Source: Environment and Climate Change Canada.
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
| School | Type | Distance |
|---|---|---|
| Willway Elementary | Elementary | 8.8 km |
| Lakewood Elementary | Elementary | 9.1 km |
| Millstream Elementary | Elementary | 9.5 km |
| Bayside Middle School | Middle | 9.6 km |
| Brentwood Elementary | Elementary | 10.2 km |
| Prospect Lake Elementary | Elementary | 10.3 km |
| Spencer Middle School | Middle | 10.3 km |
| Ruth King Elementary | Elementary | 10.4 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)
- Unnamed517 m
Nearby places data: © OpenStreetMap contributors.
School district: Sooke (SD62)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($399,980) — 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.