5 Erskine Lane
Victoria · V8Z1R7
$4,959,000
About this residence
Attention Developers! We’re pleased to offer the last large development site for sale on Erskine Lane that’s perched high at the end of the road with southerly views overlooking View Royal to the Olympic Mountains. This 47,000 square foot property is designated “Intensive Mixed Use” in the View Royal Official Community Plan, which foresees commercial and residential uses in buildings up to 5 storeys with a maximum 2.5:1.0 FSR. This site enjoys the best location and outlook for exclusive ocean view apartments on every level. Municipal infrastructure upgrades are underway to service similar development projects on Erskine Lane. Two rental houses provide holding income while development plans are formulated. Don’t miss this exciting opportunity to build a true landmark building in View Royal! Please DO NOT walk the property without a confirmed appointment! (id:61366)
Property details
- Property type
- Single Family
- Style
- House
- Ownership
- Freehold
- Bedrooms
- 0
- Bathrooms
- 0
- Living area
- 1 sq ft
- Lot size
- 1.08
- Parking
- 10 spaces
- Year built
- 1960
- Annual tax
- $21,017
- MLS®
- 1022122
- Board
- Victoria
- Status
- Active
- Listed
- Jan 6, 2026
- Updated
- May 8, 2026
Room dimensions
| Room | Level | Dimensions |
|---|---|---|
| Entrance | Main level | 1 × 1 feet |
Features & finishes
Heating
- Forced air
- Wood
- Oil
Lot
- Cul-de-sac
- Acreage
- Southern exposure
- Other
- Pie
Views
- City view
- Mountain view
Financing
Estimated monthly payment
$23,192/mo
Loan amount
$3,967,200
Down payment
$991,800
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Victoria
Nearby
About the area
Census · V8Z- 32,137
- Population
- 43
- Median age
- $95,000
- Median income
- $850,000
- Median home value
- 71%
- Home ownership
- 20 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 5 Erskine Lane?
5 Erskine Lane is listed for $4,959,000, in Victoria.
How many bedrooms and bathrooms does 5 Erskine Lane have?
It offers 0 bedrooms and 0 bathrooms.
What type of home is 5 Erskine Lane?
5 Erskine Lane is a Single Family, House, built in 1960.
How large is 5 Erskine Lane?
The home offers approximately 1 sq ft of living space on a lot measuring 1.08.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $23,192. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $21,017 per year.
Is there parking?
Yes — 5 Erskine Lane includes 10 parking spaces.
What is the Victoria area like?
Victoria has a population of about 32,137, a median age of 43, a 71% home-ownership rate, with an average commute of about 20 minutes.
What is the average home value in Victoria?
The median dwelling value in this area is approximately $850,000, based on census data via Neighbourly.
What is the median household income in Victoria?
The median household income in this area is approximately $95,000.
Similar residences
Comparable House near Victoria at a similar price.
Private viewings
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