Property Type: OtherOwnership: Freehold

Lot 1 Maple Ave S

Sooke, BC V9Z0N8

$3,999,000

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Property Details

Property & Lot

Sub-type
Multi-Family
Lot size
2.35 acres
Zoning
Unknown

Ownership & Fees

Property type
Other
Ownership
Freehold
Annual property tax
$1

Interior

Fireplace
None

Listing Information

MLS®
1001863
Listed
May 31, 2025
Time on market
On the market for 458 days
Data last synced
August 28, 2026

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

Description

2.35 acres of Prime development opportunity in the heart of Sooke. This centrally located RM2-zoned property is offered for sale with significant density potential & supporting documentation in place. Structures have been removed; the site is ready for development (not excavated). Development Permit Submitted: Mar 2025 for a 47-unit condo development. The design Concept consists of 8 buildings, 6 units per building (1 building includes a flex space for gym or storage). The draft OCP allows up to 65 units, with the site plan designed to accommodate 3 additional buildings. Meetings held with the District of Sooke with verbal support received for current DP submission. This project offers multiple build-out strategies depending on your investment goals, the project could proceed as strata-titled condos for sale or as CMHC rental units with stratified buildings. Call for your full package today! (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

West Coast Rd average

$260/sqft

1 active listing(s)

Parking: Not indicatedStorage 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: 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

15

2/9 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
John Muir ElementaryElementary1.1 km
Sooke ElementaryElementary1.6 km
Journey Middle SchoolMiddle2.0 km
Ecole Poirier ElementaryElementary2.2 km
Edward Milne Community SchoolSecondary3.3 km
Saseenos ElementaryElementary3.8 km
Hans Helgesen ElementaryElementary13.5 km
Westmont Montessori School(Independent)K-1215.8 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

Restaurants (1)

  • Wild Mountain · 1831 Maple Avenue South747 m

Parks (5+)

  • Eve Grove Park · 6843 Eve Grove193 m
  • Millennium Memorial Park · 1971 Maple Avenue South265 m
  • Charval Place Park · 6930 Charval Place420 m
  • Nott Brook Park505 m
  • Govenlock Park · 2019 Govenlock Place678 m

Nearby places data: © OpenStreetMap contributors.

School district: Sooke (SD62)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($799,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,199,200.00
Periodic payment — Principal & Interest (monthly)$20,640.15
Additional monthly expenses (strata, tax, utilities, etc.)$0.08
Total monthly cost$20,640.24
Interest paid over 5-yr term$916,899.92
Balance at end of term$2,877,690.75

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$799,800
Stress test qualifying rate8.09%
Payment you must qualify for$24,600.73

Cash Needed at Closing

Minimum down payment$799,800
Estimated BC PTT$117,950
Legal / closing costs (typical estimate)$1,500
Total cash needed$919,250

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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