863 Parklands Dr
$1,850,000
Gorge Vale
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About this home
Prime 0.42-acre development opportunity w/ approved permits to build a duplex at the rear and convert the existing home into another duplex—creating 4 homes. Developers can hold & rent the house while finalizing construction plans, maximizing ROI from day one. Alternatively, this is an ideal multi-generational property—offering the space & flexibility for families or groups to create customized living arrangements on one property Nestled behind mature trees & set back from the road, this rare gem hits the market for the first time in nearly 30 years.The existing home feat: original hardwood floors & charming mid-century details. .South-facing rear yard captures abundant natural light. Located in the heart of Esquimalt with quick access to popular parks, local amenities, shopping, & dining. Enjoy convenient commutes to Downtown Victoria, Saanich, & the West Shore. Don't miss this versatile opportunity, whether you're building your investment portfolio or your family's future. (id:65179)
Property details
From the listing's public record.
Lot size
18,480 square feet
Taxes
$9,701/yr
Zoning
Unknown
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Lot
Price history
2 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Aug 3, 2026
Listed $1,850,000
Active7 days on marketMLS 1044857Apr 13, 2026
Listed $1,850,000
Active119 days on marketMLS 1031878
How this listing compares
Not enough recent sales in this area for reliable stats.
Current market in Gorge Vale
Active (same type)
2
Pending
0
All active listings
7
Months of supply
—
Assessment
From publicly available property records.
Assessed value
$1,547,000
What would this home cost?
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Estimate
Monthly mortgage
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Loan amount
$1,850,000 − $370,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$406,500
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?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.
Listed by Initium Real Estate Ltd.