Property Type: Land / LotOwnership: Strata

Lot 1 Trail Way

Malahat, BC V8H2J1

$3,750,000

10 parking
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Property Details

Property & Lot

Lot size
336 acres
Zoning
Unknown

CD-1D, 1A

Ownership & Fees

Property type
Land / Lot
Ownership
Strata
Annual property tax
$15,656.48

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, Valley view

Parking

Total spaces
10

Listing Information

MLS®
1042153
Listed
July 2, 2026
Time on market
On the market for 60 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Generation - The Neal Estate Group · Data source: CREA DDF.

Description

The Malahat Forest formerly known as the historic Elkington Lands stands as a true crown jewel of the Malahat region. This remarkable property spans over 300 acres of pristine, protected forest, offering an unparalleled opportunity to shape your dreams into reality. Embrace the quiet majesty of towering evergreens, the serenity of nature’s symphony, and the pure air of this extraordinary land. Whether envisioning a legacy estate, a private retreat, or a carefully planned community development, this property offers possibilities as vast as the landscape itself. For those seeking a forever home, imagine crafting a residence that will stand for generations. A sanctuary nestled within nature, where birdsong replaces city noise and starlit skies stretch endlessly above. Revel in the solitude, the privacy, and the rich ecological diversity that makes The Malahat Forest such a rare find. Alternatively, with zoning that allows for subdivision, this property offers an exciting investment opportunity for those looking to develop thoughtfully within this protected environment. Serviced by community sewer and water infrastructure managed by the CVRD, this phased strata lot ensures convenience while maintaining a commitment to sustainable living. Whatever your vision, be it a single spectacular estate or a series of curated homes that blend harmoniously with the landscape this land offers a canvas for creation limited only by your imagination. Opportunities like this are few and far between. The Malahat Forest invites you to write the next chapter of its story, one of timeless beauty, possibility, and enduring legacy. (id:63159)

Location Insights

Weather

Mainly Clear

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

7

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
Willway ElementaryElementary8.0 km
Lakewood ElementaryElementary8.7 km
Millstream ElementaryElementary9.2 km
Spencer Middle SchoolMiddle9.7 km
Ruth King ElementaryElementary9.9 km
Belmont SecondaryElementary10.0 km
Lighthouse Christian Academy(Independent)K-1210.4 km
Bayside Middle SchoolMiddle10.7 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 (3)

  • Unnamed213 m
  • Elkington Park436 m
  • Unnamed505 m

Nearby places data: © OpenStreetMap contributors.

School district: Sooke (SD62)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($750,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,000,000.00
Periodic payment — Principal & Interest (monthly)$19,354.98
Additional monthly expenses (strata, tax, utilities, etc.)$1,304.71
Total monthly cost$20,659.69
Interest paid over 5-yr term$859,808.62
Balance at end of term$2,698,509.70

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$750,000
Stress test qualifying rate8.09%
Payment you must qualify for$23,068.95

Cash Needed at Closing

Minimum down payment$750,000
Estimated BC PTT$105,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$857,000

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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