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5 Erskine Lane

$4,699,980

Hospital

Detached— · — · 1 sqftBuilt 1960$4,699,980/sqft9 days on market

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About this home

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:65179)

Property details

From the listing's public record.

Lot size

1.08 acres

Year built

1960

Taxes

$20,177/yr

Zoning

Unknown

View

City viewMountain view

Heating

Forced airOilWood

Lot

AcreageCul-de-sacSouthern exposurePie

Price history

7 records

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

Sep 10, 2026
Listed $4,699,980
Active9 days on marketMLS 1048937
Sep 10, 2026
Listed $4,699,980
Active9 days on marketMLS 1048940
Jan 6, 2026
Listed $4,699,980
Ddf_delisted247 days on marketMLS 1022122
Dec 16, 2025
Listed $4,699,980
Ddf_delisted268 days on marketMLS 1021973
Feb 7, 2025
Listed $4,959,000
Expired311 days on marketMLS 987515
May 29, 2024
Listed $5,059,000
Expired253 days on marketMLS 965378
Oct 4, 2023
Listed $5,299,980
Cancelled238 days on marketMLS 945370

How this listing compares

Based on 8 sales in Hospital

Median sold

$1,000,000

Avg days on market

44 days

Avg sale-to-list

98.9%

Avg $/sqft

$457

Price per square foot

This home: $4,699,980/sqft·Area average: $457/sqft

Above area average

Current market in Hospital

Active (same type)

Pending

All active listings

Months of supply

10.5

Buyer's market — 10.5 months of supply at the current sales pace.

Assessment

From publicly available property records.

Assessed value

$4,063,600

Homes in View Royal sell at 100.9% of assessed value on average.

Based on 52 recent sales.

Local price trend

How Hospital has moved over the last decade.

Local price index (normalized) · 89 months

Recent nearby sales

12 sales

87 Kingham Pl
$1,505,000
4 bd · 3 ba · 4,742 sqft · $317/sqft · 40 days on market
Sold Aug 20, 2026 · 97.1% of list
164 St. Giles St
$1,025,000
4 bd · 2 ba · 2,642 sqft · $388/sqft · 76 days on market
Sold Aug 19, 2026 · 97.6% of list
227 Stormont Rd
$887,000
3 bd · 2 ba · 1,442 sqft · $615/sqft · 15 days on market
Sold Aug 18, 2026 · 98.6% of list
164 Island Hwy
$955,000
3 bd · 1 ba · 2,055 sqft · $465/sqft · 24 days on market
Sold Aug 17, 2026 · 95.5% of list
1266 Burnside Rd
$857,500
3 bd · 2 ba · 1,528 sqft · $561/sqft · 11 days on market
Sold Aug 7, 2026 · 101% of list
533 View Royal Ave
$805,000
2 bd · 1 ba · 2,004 sqft · $402/sqft · 30 days on market
Sold Aug 6, 2026 · 94.8% of list
41 Tovey Cres
$2,105,000
4 bd · 3 ba · 2,982 sqft · $706/sqft · 77 days on market
Sold Aug 6, 2026 · 92.5% of list
42 Degoutiere Pl
$1,167,500
3 bd · 3 ba · 2,007 sqft · $582/sqft · 17 days on market
Sold Jul 31, 2026 · 98.2% of list
70 Kingham Pl
$906,000
4 bd · 2 ba · 2,548 sqft · $356/sqft · 60 days on market
Sold Jul 30, 2026 · 97.8% of list
29 Brigadoon Pl
$2,389,900
5 bd · 4 ba · 4,263 sqft · $561/sqft · 25 days on market
Sold Jul 28, 2026 · 99.6% of list
32 Stoneridge Dr
$1,025,000
3 bd · 3 ba · 2,228 sqft · $460/sqft · 9 days on market
Sold Jul 22, 2026 · 97.7% of list
2104 Chilco Rd
$1,130,000
4 bd · 4 ba · 2,751 sqft · $411/sqft · 33 days on market
Sold Jul 20, 2026 · 94.2% of list

What would this home cost?

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Purchase price

Down payment

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Amortization (years)

Newly built / new constructionAdds 5% GST. Eligible for the Newly Built PTT exemption (≤ $1.1M full, partial to $1.15M).First-time home buyerEligible for the First-Time PTT exemption (≤ $835K full, partial to $860K). Only one exemption can apply per purchase.

Estimate

Monthly mortgage

—

Enter a rate to see the payment.

Loan amount

$4,699,980 − $939,996

$3,759,984

Down payment

20.0%

$939,996

Property Transfer Tax

$152,999

Legal / closing (est.)

$1,500

Cash to close

$1,094,495

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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5 Erskine Lane

Interested in this home?

About this home

Property details

Price history

How this listing compares

Current market in Hospital

Assessment

Local price trend

Recent nearby sales

What would this home cost?

Want a real rate?

More on this listing

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