Victoria Real Estate
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3141 Balfour Ave

$749,800

Burnside

Land— · — · —4 days on market

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About this home

3141 Balfour Ave ~BUILDING LOT ~ $749,800 + Gst ~ 7,488 Sqft level panhandle lot located in a quiet pocket between Gorge & Burnside, within easy walking distance to Uptown, Mayfair and a 15-minute walk to downtown. Bus route 8-houses away. Zoning allows a variety of uses including Small-Scale Multi-Unit Housing, Triplex, Duplex w/Suites, or Single Family w/ or w/o Suite. Water/Sewer/Storm have been brought down the driveway to the site. Zoning is GRD-1, allowing up to 1.6 FAR for buildings with 3-Units or more. Otherwise the density is 0.5 FAR. Contact Mikko for info package mikko@sutton.com (id:65179)

Property details

From the listing's public record.

Lot size

7,488 square feet

Taxes

$4,292/yr

Zoning

Multi-Family

Lot

Central locationCurb & gutterLevel lotSouthern exposurePartially cleared

Price history

1 record

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

  1. Jul 16, 2026

    Listed $749,800

    Active4 days on marketMLS 1043474

How this listing compares

Not enough recent sales in this area for reliable stats.

Current market in Burnside

Active (same type)

4

Pending

0

All active listings

45

Months of supply

48

Buyer's market48 months of supply at the current sales pace.

Assessment

From publicly available property records.

Assessed value

$757,000

Recent nearby sales

1 sale
  • 557 Simcoe St

    $1,246,350

    — · — · — · 113 days on market

    Sold Jun 30, 2026 · 97.8% of list

What would this home cost?

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We don't guess a rate — talk to a broker for current Island rates and what you'd actually qualify for.

Property Transfer Tax is shown at the standard rate for this property type. First-time and newly-built exemptions apply to principal residences — for vacant land, they may apply if you build and occupy a home here (the amount depends on land plus construction cost). Talk to us about your situation.

Estimate

Monthly mortgage

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Loan amount

$749,800 − $149,960

$599,840

Down payment

20.0%

$149,960

Property Transfer Tax

$12,996

Legal / closing (est.)

$1,500

Cash to close

$164,456

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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More on this listing

Interested in this home?

Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.

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