Property Type: Land / LotOwnership: Freehold

Lot 2 Banner Dr

Sooke, BC V9Z0K5

$599,999

0 bed0 bath10 parking
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Property Details

Property & Lot

Lot size
9.88 acres
Zoning
Other

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,436.97

Interior

Fireplace
None

Exterior & Lot

View
Mountain view

Parking

Total spaces
10

Listing Information

MLS®
1043111
Listed
July 13, 2026
Time on market
On the market for 49 days
Data last synced
August 28, 2026

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

Description

10 Acre Lots! Ocean views! Drilled wells are already in place, hydro connection at the property line, and approved septic sites. Forestry Zone - AF allows a single-family dwelling and one additional secondary suite or one detached accessory suite. Choose your ideal building site amidst the sprawling landscape, each offering breathtaking views of the surrounding scenery. The possibilities are endless whether you envision a cozy retreat or a grand estate. Located within a short stroll to world-renowned hiking, beaches, fishing, and surfing and approximately 10 minutes from Sooke's Town Core, Schools, and bus route. Call to book your private viewing today! (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.

Nearby Schools

SchoolTypeDistance
John Muir ElementaryElementary5.7 km
Ecole Poirier ElementaryElementary6.1 km
Journey Middle SchoolMiddle6.4 km
Sooke ElementaryElementary6.8 km
Edward Milne Community SchoolSecondary7.8 km
Saseenos ElementaryElementary8.4 km
Hans Helgesen ElementaryElementary18.6 km
Willway ElementaryElementary19.0 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: Sooke (SD62)

Mortgage & Ownership Cost Calculator

Minimum required: 5.8% ($35,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$479,999.00
Periodic payment — Principal & Interest (monthly)$3,096.79
Additional monthly expenses (strata, tax, utilities, etc.)$203.08
Total monthly cost$3,299.87
Interest paid over 5-yr term$137,569.09
Balance at end of term$431,760.65

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$35,000
Stress test qualifying rate8.09%
Payment you must qualify for$4,344.65

Cash Needed at Closing

Minimum down payment$35,000
Estimated BC PTT$10,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$46,500

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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