Property Type: Land / LotOwnership: Freehold

Lot 2 Willis Point Rd

Central Saanich, BC V9E2A2

$2,995,000

0 bed0 bath
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Property Details

Property & Lot

Lot size
42.21 acres
Zoning
Residential

RC

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$381.71

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, Ocean view, Valley view

Listing Information

MLS®
1029563
Listed
March 21, 2026
Time on market
On the market for 163 days
Data last synced
August 28, 2026

Listing provided by: Sotheby's International Realty Canada · Data source: CREA DDF.

Description

42.21 acres of rare non-ALR Saanich Peninsula land 20 min from Victoria bordering parkland with ocean views of the Saanich Inlet and the banks of the malahat. Located in Central Saanich; a semi-rural community of hobby/working farms & vineyards with Canada’s most temperate climate. Secondary suites & accessory buildings allowed, with multiple road/approach possibilities available, as well as hydro & cable on Willis Point Road lot line. Well drilled & approved for septic. This represents a last of its kind opportunity in South BC; likely never available again in present untouched, pristine state. Zoned RC with extremely low taxes and flexible opportunities for building & development on land with significant timber volumes in prime growing area for additional value every year. This lot can be purchased in conjunction with adjacent MLS# 1029564. Combined MLS# 1029565 (id:63159)

Location Insights

Weather

Nearest station: Victoria (Hartland)

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.

Population

17,385

(2021 Census)

+3.4% since 2016

Density: 422/km²

Dwellings: 7,621

Median household income: $103,000

After-tax: $90,000

Immigrant population: 16.2%

Top countries of origin (% of total population)

  • United Kingdom5.3% · 920
  • United States of America1.6% · 280
  • India0.9% · 165
  • Philippines0.9% · 160
  • Germany0.9% · 150
  • Netherlands0.7% · 120
  • South Africa, Republic of0.6% · 110
  • China0.3% · 55

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Bayside Middle SchoolMiddle2.5 km
Brentwood ElementaryElementary3.0 km
Stelly's SecondarySecondary4.2 km
SD 63 Individual Learning CentreSecondary5.0 km
Keating ElementaryElementary6.3 km
Prospect Lake ElementaryElementary6.6 km
ḰELSET ElementaryElementary7.8 km
Lakeview Christian School(Independent)Elementary/Middle8.6 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: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($599,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,396,000.00
Periodic payment — Principal & Interest (monthly)$15,458.18
Additional monthly expenses (strata, tax, utilities, etc.)$31.81
Total monthly cost$15,489.99
Interest paid over 5-yr term$686,700.49
Balance at end of term$2,155,209.75

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$599,000
Stress test qualifying rate8.09%
Payment you must qualify for$18,424.40

Cash Needed at Closing

Minimum down payment$599,000
Estimated BC PTT$67,850
Legal / closing costs (typical estimate)$1,500
Total cash needed$668,350

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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