Property Type: Land / LotOwnership: Freehold

Lot 43 Tugwell Rd

Sooke, BC V9Z0J8

$2,500,000

0 bed0 bath
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Property Details

Property & Lot

Lot size
63 acres
Zoning
Residential

RR3

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Strata / maintenance fee
$0/mo
Annual property tax
$722.64

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, Valley view

Listing Information

MLS®
1021917
Listed
December 13, 2025
Time on market
On the market for 261 days
Data last synced
August 28, 2026

Listing provided by: Pemberton Holmes - Sooke · Data source: CREA DDF.

Description

63 ACRES OF FREEDOM! Calling all Pioneers looking to Homestead this beautiful 60+ acres (supposedly 63 acres) Otter Point Official Community Plan Land Designation Settlement Area 2. This acreage was previously logged, with a small corner not logged. Property includes a creek, hills and valley. Great holding property for today or perhaps rezone to subdivide, the adjoining 40 acres is also listed. Call today, rarely this size of acreages come up for sale. -situated between the ends of Tugwell and Clark road. Has a bit of merchantable timber. Small seasonal watercourse. A glimpse of ocean. Fair amount of south-facing slope. Existing roads are (old, rough, overgrown). There are no services, Close to Sooke and not that far to Westshore or Victoria with the new improved highways. Access is by way of Tugwell Road over a license of occupation for roadway on crown land, then over section 48A through BC Hydro Right of Way. Seller can give easement over adjoining section if needed. (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 ElementaryElementary5.2 km
Ecole Poirier ElementaryElementary6.4 km
Journey Middle SchoolMiddle6.6 km
Sooke ElementaryElementary6.9 km
Edward Milne Community SchoolSecondary8.1 km
Saseenos ElementaryElementary8.7 km
Hans Helgesen ElementaryElementary18.9 km
Willway ElementaryElementary20.0 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)

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Mortgage & Ownership Cost Calculator

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

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,000,000.00
Periodic payment — Principal & Interest (monthly)$12,903.32
Additional monthly expenses (strata, tax, utilities, etc.)$60.22
Total monthly cost$12,963.54
Interest paid over 5-yr term$573,205.75
Balance at end of term$1,799,006.47

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$500,000
Stress test qualifying rate8.09%
Payment you must qualify for$15,379.30

Cash Needed at Closing

Minimum down payment$500,000
Estimated BC PTT$53,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$554,500

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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