Block 1241 Malahat (Off) Hwy
$19,999,900
Malahat Proper
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About this home
Premier 360-acre holding forming part of a rare 400-acre contiguous land assembly on the Malahat, one of Southern Vancouver Island’s most significant development opportunities. Strategically located just 15 minutes from Langford and Greater Victoria, this expansive parcel offers scale, highway frontage, and long-term upside. Zoned RUR-1 with a Forest Resource designation, it supports resource use today while positioning for future rezoning. Approximately 22 acres are designated for industrial use, enhancing flexibility for a mixed-use vision. Combined with the adjacent 40-acre Settlement Area parcel in the CRD, this assembly presents compelling potential for a master-planned community incorporating residential, commercial, and light industrial uses. Strong exposure to the Trans-Canada Highway, proximity to a former rail corridor, and potential for future access further elevate the opportunity. A landmark land banking or development asset in a rapidly growing corridor. (id:65179)
Property details
From the listing's public record.
Lot size
360 acres
Taxes
$16,390/yr
Zoning
Unknown
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Lot
Price history
3 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Apr 23, 2026
Listed $19,999,900
Active89 days on marketMLS 1033165Apr 23, 2026
Listed $19,999,900
Active89 days on marketMLS 1033201Oct 6, 2023
Listed $19,900,000
Expired145 days on marketMLS 945565
How this listing compares
Based on 13 sales in Malahat & AreaMedian sold
$470,000
Avg days on market
108 days
Avg sale-to-list
91.3%
Avg $/sqft
—
Current market in Malahat & Area
Active (same type)
13
Pending
1
All active listings
139
Months of supply
12
Buyer's market — 12 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$3,333,000
Land
$3,333,000
Improvements
$0
Homes in Malahat & Area sell at 379.9% of assessed value on average.
Based on 13 recent sales.
Recent nearby sales
6 sales1894 Lakewood Rd
$825,000
— · — · — · 64 days on market
Sold May 6, 2026 · 68.8% of list
0 Trans Canada Hwy
$1,300,000
— · — · — · 44 days on market
Sold Apr 15, 2026 · 92.9% of list
Lot 11 Thain Rd
$950,000
— · — · — · 285 days on market
Sold Apr 15, 2026 · 86.4% of list
Lot 2 Braithwaite Dr
$423,500
— · — · — · 201 days on market
Sold Mar 19, 2026 · 95.2% of list
Lot 11 Goldstream Heights Dr
$407,500
— · — · — · 28 days on market
Sold Feb 17, 2026 · 95% of list
801 Trans Canada Hwy
$2,000,000
— · — · — · 57 days on market
Sold Jan 30, 2026 · 80% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$19,999,900 − $3,999,980
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$4,919,475
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