Property Type: Land / LotOwnership: Freehold

Lot 27 Madrona Ridge

Langford, BC V9B6C6

$699,000

0 bed0 bath4 parking
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Property Details

Property & Lot

Lot size
8,408 square feet
Zoning
Residential

R2

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$3,414.69

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, Valley view

Parking

Total spaces
4

Listing Information

MLS®
1030712
Listed
April 2, 2026
Time on market
On the market for 151 days
Data last synced
August 28, 2026

Listing provided by: eXp Realty · Data source: CREA DDF.

Description

Lot 27 is a DUPLEX LOT Ready for Quick Completion. This Step Down Lot is over 8400 sqft with a East facing backyard and striking views across the subdivision & valley. An ideal location tucked away from the busy roads and just walking distance to amenities, schools, trails & Thetis Lake. All lots have underground services already installed to the lot line, are graded, and are available for quick completion. The tree lined cul-de-sac street features plentiful on-street parking, sidewalks and is near the best that Langford has to offer. Minutes from Bear Mountain, Millstream Village, Thetis Lake, schools, Downtown Langford & a short drive to Downtown Victoria. Single Family and DUPLEX Lots still available. Visit website for info. Active Construction Site- Viewings by appointment. (id:63159)

Location Insights

Weather

Nearest station: Esquimalt

15°C

Humidity 82%

Wind N 2 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Population

46,584

(2021 Census)

+31.8% since 2016

Density: 1,124.4/km²

Dwellings: 19,968

Median household income: $93,000

After-tax: $82,000

Immigrant population: 15.8%

Top countries of origin (% of total population)

  • United Kingdom2.5% · 1,165
  • Philippines2.2% · 1,005
  • India1.4% · 655
  • United States of America1.1% · 520
  • China0.8% · 380
  • Korea, South0.5% · 230
  • Viet Nam0.4% · 170
  • Germany0.4% · 165

Source: Statistics Canada, 2021 Census of Population.

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
Millstream ElementaryElementary707 m
Lakewood ElementaryElementary941 m
Ruth King ElementaryElementary2.3 km
Crystal View ElementaryElementary2.6 km
Spencer Middle SchoolMiddle2.7 km
Savory ElementaryElementary2.8 km
David Cameron ElementaryElementary3.3 km
Belmont SecondaryElementary4.0 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.

Nearby Places

Parks (4)

  • Goldie Park437 m
  • Unnamed539 m
  • Unnamed670 m
  • Bellamy Park736 m

Nearby places data: © OpenStreetMap contributors.

School district: Sooke (SD62)

Mortgage & Ownership Cost Calculator

Minimum required: 6.4% ($44,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$559,200.00
Periodic payment — Principal & Interest (monthly)$3,607.77
Additional monthly expenses (strata, tax, utilities, etc.)$284.56
Total monthly cost$3,892.33
Interest paid over 5-yr term$160,268.33
Balance at end of term$503,002.21

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$44,900
Stress test qualifying rate8.09%
Payment you must qualify for$5,029.80

Cash Needed at Closing

Minimum down payment$44,900
Estimated BC PTT$11,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$58,380

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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