Property Type: Land / LotOwnership: Freehold

LOT A Royce Rd

Shawnigan Lake, BC V0R2W1

$649,900

0 bed0 bath10 parking
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Property Details

Property & Lot

Lot size
1.2 acres
Zoning
Residential

R2

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$0

Interior

Fireplace
None

Parking

Total spaces
10

Listing Information

MLS®
1040252
Listed
June 12, 2026
Time on market
On the market for 80 days
Data last synced
August 28, 2026

Listing provided by: Coldwell Banker Oceanside Real Estate · Data source: CREA DDF.

Description

Discover the perfect canvas for your dream home in one of Shawnigan Lake's most sought-after neighbourhoods. This 1.2-acre lot sits on a quiet cul-de-sac at the end of Royce Road, an established area known for executive homes and private acreages. A charming winding driveway draws you into the property with an immediate sense of arrival and privacy. The lot is cleared and gently sloped — ready for your building plans — with water, power and natural gas already at the lot line, saving you time and cost from the outset. One side of the property borders a park, ensuring lasting privacy and a natural green buffer that neighbours can never change. Just a short walk brings you to the beautiful shores of Shawnigan Lake and the amenities of the village. Commuters will appreciate the easy 40-minute drive to Victoria — true lake community living without sacrificing city access. No GST applicable. Opportunities like this in Shawnigan Lake don't last — bring your builder and your vision. (id:63159)

Location Insights

Weather

Nearest station: Malahat

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

11

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
Shawnigan Lake(Independent)Secondary1.4 km
Discovery ElementaryElementary2.4 km
St John's Preparatory Academy Shawnigan(Independent)K-123.0 km
Evergreen Independent School(Independent)Elementary3.2 km
Frances Kelsey SecondarySecondary3.9 km
Ecole Cobble Hill ElementaryElementary4.2 km
George Bonner ElementaryElementary4.3 km
Brentwood College(Independent)Secondary5.1 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 (5+)

  • Royce Park152 m
  • Highland Ridge Park554 m
  • William Rivers Park580 m
  • Masons Beach Park735 m
  • Dougan Park787 m

Nearby places data: © OpenStreetMap contributors.

School district: Cowichan (SD79)

Mortgage & Ownership Cost Calculator

Minimum required: 6.2% ($39,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$519,920.00
Periodic payment — Principal & Interest (monthly)$3,354.35
Additional monthly expenses (strata, tax, utilities, etc.)$0.00
Total monthly cost$3,354.35
Interest paid over 5-yr term$149,010.57
Balance at end of term$467,669.72

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$39,990
Stress test qualifying rate8.09%
Payment you must qualify for$4,689.99

Cash Needed at Closing

Minimum down payment$39,990
Estimated BC PTT$10,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$52,488

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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