Property Type: Land / LotOwnership: Freehold

Lot 3 Whittaker Rd

Malahat, BC V0R2L0

$679,900

0 bed0 bath100 parking
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Property Details

Property & Lot

Lot size
7.34 acres
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Strata / maintenance fee
$0/mo
Annual property tax
$2,139.06

Interior

Fireplace
None

Parking

Total spaces
100

Listing Information

MLS®
1025806
Listed
February 13, 2026
Time on market
On the market for 200 days
Data last synced
August 28, 2026

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

Description

This is the kind of property you don’t just buy… you build a future on. ** DO NOT WALK SITE** have your agent book for Instant Access. Call for Links for all Photos & PDFs Set on 7.339 acres of flat, usable land, this rare offering gives you something almost impossible to find. Freedom without compromise. No steep slopes. No costly site prep surprises. Just a clean, build-ready lot. With multiple ideal building sites waiting for your vision to take shape. The essentials are already in place. A well and septic system are installed. Saving you time stress, and thousands in upfront development costs. Zoning allows for two residences, opening the door to a dream home + carriage house. Multigenerational living, or a smart long-term investment strategy. And while you design, plan, and secure permits? The property is already working for you. With approximately $17,000 per year in revenue-generating options currently in place. You are not just holding land—you’re holding an asset. This helps offset carrying costs while your plans come together. Private. Practical. Profitable. Whether you envision a legacy estate, a family compound, or a strategic build. With income potential, this is a rare opportunity to secure space, stability, and upside—all in one move. Land like this doesn’t come along often. And when it does, it doesn’t wait. (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
Bayside Middle SchoolMiddle8.1 km
Brentwood ElementaryElementary8.6 km
St John's Preparatory Academy Shawnigan(Independent)K-128.9 km
Brentwood College(Independent)Secondary9.2 km
Stelly's SecondarySecondary9.7 km
Frances Kelsey SecondarySecondary10.1 km
SD 63 Individual Learning CentreSecondary10.1 km
Prospect Lake ElementaryElementary10.8 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

Parks (1)

  • Malahat Trail390 m

Nearby places data: © OpenStreetMap contributors.

School district: Cowichan (SD79)

Mortgage & Ownership Cost Calculator

Minimum required: 6.3% ($42,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$543,920.00
Periodic payment — Principal & Interest (monthly)$3,509.19
Additional monthly expenses (strata, tax, utilities, etc.)$178.26
Total monthly cost$3,687.44
Interest paid over 5-yr term$155,889.04
Balance at end of term$489,257.80

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$42,990
Stress test qualifying rate8.09%
Payment you must qualify for$4,897.61

Cash Needed at Closing

Minimum down payment$42,990
Estimated BC PTT$11,598
Legal / closing costs (typical estimate)$1,500
Total cash needed$56,088

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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