23 255 Caspian Dr
$639,900
Royal Bay
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About this home
The Isla Townhome at Royal Bay offers an exceptional opportunity to own a modern end-unit in a quiet, sought-after seaside community. Tucked among single-family homes, this bright residence features an open-concept layout with 9’ ceilings and large windows that flood the living and dining areas with natural light. The stylish kitchen includes quartz countertops, tiled backsplash, stainless steel appliances, and a gas stove. Upstairs offers two bedrooms, each with its own full ensuite, including a comfortable primary retreat. Enjoy efficient living with a natural gas furnace, tankless hot water, and low strata fees of $333/month. Located in a family-friendly, walkable neighbourhood just steps to trails, parks, beaches, and the Commons Retail Village offering a variety of shopping, dining, and everyday conveniences. This well-priced home delivers outstanding lifestyle and value in beautiful Royal Bay. (id:65179)
Property details
From the listing's public record.
Lot size
1,335 square feet
Year built
2022
Taxes
$3,414/yr
Strata / HOA
$323/month
Zoning
Residential
Appliances
Heating
Community
Price history
2 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Jul 6, 2026
Listed $639,900
Active16 days on marketMLS 1042466May 6, 2026
Listed $639,900
Ddf_delisted60 days on marketMLS 1034930
How this listing compares
Based on 70 sales in Royal BayMedian sold
$789,950
Avg days on market
68 days
Avg sale-to-list
102.3%
Avg $/sqft
$507
Price per square foot
Above area average
Current market in Royal Bay
Active (same type)
11
Pending
9
All active listings
37
Months of supply
1.9
Seller's market — 1.9 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$645,000
Homes in Colwood sell at 108.8% of assessed value on average.
Based on 82 recent sales.
Local price trend
How Royal Bay has moved over the last decade.
Local price index (normalized) · 63 months
Recent nearby sales
12 sales89-368 Tradewinds Ave
$787,395
3 bd · 3 ba · 1,855 sqft · $424/sqft · 88 days on market
Sold Jul 20, 2026 · 105% of list
165-3501 Dunlin St
$655,000
2 bd · 3 ba · 1,531 sqft · $428/sqft · 111 days on market
Sold Jul 16, 2026 · 98.1% of list
10-3638 Restoration Way
$1,030,000
2 bd · 2 ba · 1,361 sqft · $757/sqft · 132 days on market
Sold Jul 16, 2026 · 100.9% of list
34-370 Latoria Blvd
$698,000
3 bd · 3 ba · 1,817 sqft · $384/sqft · 14 days on market
Sold Jul 15, 2026 · 99.9% of list
108-368 Tradewinds Ave
$918,750
4 bd · 4 ba · 2,227 sqft · $413/sqft · 247 days on market
Sold Jul 15, 2026 · 105% of list
79-368 Tradewinds Ave
$787,395
3 bd · 3 ba · 1,855 sqft · $424/sqft · 44 days on market
Sold Jul 6, 2026 · 105% of list
3718 Producers Way
$1,070,000
5 bd · 4 ba · 2,832 sqft · $378/sqft · 10 days on market
Sold Jul 3, 2026 · 97.4% of list
134-3640 Propeller Pl
$725,000
2 bd · 2 ba · 1,618 sqft · $448/sqft · 83 days on market
Sold Jun 29, 2026 · 96.8% of list
46-255 Caspian Dr
$814,000
3 bd · 3 ba · 1,902 sqft · $428/sqft · 42 days on market
Sold Jun 26, 2026 · 98.2% of list
128-368 Tradewinds Ave
$713,895
2 bd · 3 ba · 1,121 sqft · $637/sqft · 67 days on market
Sold Jun 24, 2026 · 105% of list
100-368 Tradewinds Ave
$713,895
2 bd · 3 ba · 1,506 sqft · $474/sqft · 45 days on market
Sold Jun 22, 2026 · 105% of list
3769 Producers Way
$1,058,293
4 bd · 4 ba · 1,836 sqft · $576/sqft · 94 days on market
Sold Jun 15, 2026 · 105.3% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$639,900 − $127,980
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$140,278
Down payment + PTT + GST + legal estimate.
Estimates only, based on current BC rates and thresholds. Not tax, legal, or financial advice. Property transfer tax exemptions have eligibility requirements — confirm with a lawyer or notary. GST rebates on new construction are not modelled here. Mortgage payment uses Canadian semi-annual compounding and excludes property tax, home insurance, and CMHC mortgage insurance.
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Interested in this home?
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Listed by RE/MAX Camosun