Property Type: Land / LotOwnership: Freehold

Lot A Adelaide St

Crofton, BC V0R1R0

$309,900

0 bed0 bath
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Property Details

Property & Lot

Lot size
4,843 square feet
Zoning
Residential

R3

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,241

Interior

Fireplace
None

Exterior & Lot

View
Ocean view

Listing Information

MLS®
1042296
Listed
July 3, 2026
Time on market
On the market for 59 days
Data last synced
August 28, 2026

Listing provided by: Easy List Realty · Data source: CREA DDF.

Description

*** For more information, please click Brochure button. *** One of three (3) prime ocean-view building lots and an amazing opportunity for development in the beautiful seaside village of Crofton. Offering beautiful views of Osborne Bay, this lot is perfectly situated only steps away from Crofton Elementary School and easy walking distance to virtually every community service and facility that Crofton has to offer, including the renowned Crofton Seawalk. Lot A is 4,843 ft2, fully serviced and development ready with driveway apron, water, sanitary sewer, and storm services (including storm detention tank already installed), and has access to existing natural gas and hydro from the boulevard. Preliminary grading has been completed, and a main floor level-entry building (with walk-out basement) will require minimal excavation. The zoning on the lot offers tremendous flexibility with opportunities to construct up to four (4) units in a variety of building forms (e.g. level entry single family home with walk-out basement (with or w/out suite), duplex, duplex w/ suites, triplex, fourplex, etc.). The lot allows for up to 45% lot coverage and approx. 6,500 ft2 buildable area. Buyers should confirm all zoning options and development proposals with the District of North Cowichan. This is an ideal opportunity for builders, investors or individuals looking for an opportunity to construct new residential units either for re-sale or for rentals, shared family living options, or a beautiful new retirement home where you can sit out on your deck and watch the ferry go back and forth to Saltspring Island all day long. Quick possession available. (id:63159)

Location Insights

Weather

Nearest station: Duncan

14°C

Humidity 86%

Wind NNW calm km/h

Tonight

12°

Tuesday

21°

Tuesday night

14°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

11

2/9 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
Crofton Elementary Community SchoolElementary144 m
Maple Bay ElementaryElementary6.8 km
Alex AitkenElementary8.0 km
Queen of Angels School(Independent)Elementary/Middle8.8 km
Alexander ElementaryElementary8.9 km
Quamichan SchoolSecondary8.9 km
Drinkwater ElementaryElementary9.1 km
Duncan Christian School(Independent)K-129.3 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

Cafes (1)

  • Third Wave Coffee720 m

Parks (5+)

  • Queen Street Park · 8060 Queen Street433 m
  • Northview Park473 m
  • Crofton Recreation Park486 m
  • Crofton Community Centre514 m
  • Crofton Museum Park730 m

Nearby places data: © OpenStreetMap contributors.

School district: Cowichan (SD79)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($15,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$247,920.00
Periodic payment — Principal & Interest (monthly)$1,599.50
Additional monthly expenses (strata, tax, utilities, etc.)$186.75
Total monthly cost$1,786.25
Interest paid over 5-yr term$71,054.58
Balance at end of term$223,004.84

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$15,495
Stress test qualifying rate8.09%
Payment you must qualify for$2,263.87

Cash Needed at Closing

Minimum down payment$15,495
Estimated BC PTT$4,198
Legal / closing costs (typical estimate)$1,500
Total cash needed$21,193

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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