Victoria Real Estate
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5 Erskine Lane

$4,699,980

Hospital

Land— · — · —9 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

Taxes

$20,177/yr

Zoning

Unknown

View

City viewMountain view

Lot

Central locationCul-de-sacSouthern exposurePie

Price history

7 records

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

  1. Sep 10, 2026

    Listed $4,699,980

    Active9 days on marketMLS 1048937

  2. Sep 10, 2026

    Listed $4,699,980

    Active9 days on marketMLS 1048940

  3. Jan 6, 2026

    Listed $4,699,980

    Ddf_delisted247 days on marketMLS 1022122

  4. Dec 16, 2025

    Listed $4,699,980

    Ddf_delisted268 days on marketMLS 1021973

  5. Feb 7, 2025

    Listed $4,959,000

    Expired311 days on marketMLS 987515

  6. May 29, 2024

    Listed $5,059,000

    Expired253 days on marketMLS 965378

  7. Oct 4, 2023

    Listed $5,299,980

    Cancelled238 days on marketMLS 945370

How this listing compares

Not enough recent sales in this area for reliable stats.

Current market in Hospital

Active (same type)

3

Pending

0

All active listings

11

Months of supply

—

Assessment

From publicly available property records.

Assessed value

$4,063,600

What would this home cost?

Estimate your monthly payment and total cash to close on this property — BC Property Transfer Tax included. Adjust the numbers for your situation.

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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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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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More on this listing

View full listing & all photos on REALTOR.ca →

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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