For Sale90d on market
5 Erskine Ln
View Royal, BC, V8Z1R7 • V8Z • Capital Regional District
$4,959,000
$4959000/sqft
Down payment assistance available
1Sqft
1.1 acLot
1960Built
Property DNA
Scenic Views
City · Mountain(s)
2-Car Garage
Carport · Detached · Driveway · Garage Double · RV Access/Parking
Market activity
Demand and pricing signals for this listing
10 views
People checking out this listing
90 days on market
Established listing
$4,959,000/sqft
Price per square foot
About this home
Single Family · Built 1960
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!
Estimated monthly payment
Based on current rates
$32,343/month
Principal & Interest$25,731
Property Tax$4,959
Insurance$1,653
Down payment20% ($991,800)
3%50%
Est. 6.75% rate · 30yr fixed · $3,967,200 loan
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At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1960
HeatingForced Air, Oil, Wood
CoolingNone
Parking2 Garage spaces
Lot1.08 Acres
Days on Zillow90 Days
Price/sqftC$4,959,000
Property
Home typeSingle Family
Sub-typeSingle Family Residence
ConditionLand Value Only,Resale
Year built1960
Systems
HeatingForced Air, Oil, Wood
CoolingNone
RoofFibreglass Shingle
ConstructionConcrete, Stucco, Wood Siding
Water / SewerMunicipal
Parking & Outdoor
ParkingCarport, Detached, Driveway, Garage Double, RV Access/Parking
Garage2 spaces
BasementNone
Lot1.08 Acres
Location & Tax
NeighborhoodV8Z
ZoningA-3
Annual tax$21,017
Parcel018361803
Features & details
8 categories of property features
Interior Features
Heating
Forced Air
Oil
Wood
Cooling
None
Laundry
None
Exterior Features
Parking
Carport
Detached
Driveway
Garage Double
RV Access/Parking
Construction
Concrete
Stucco
Wood Siding
Lot Features
Acreage
Cul-De-Sac
Easy Access
Pie Shaped Lot
Serviced
Southern Exposure
Views
City
Mountain(s)
Utilities
Cable Available
Electricity Available
Phone Available
Listing insights
Market data and value estimates
StatusFor Sale
Days on market90
Est. rent$2,333/mo
Price/sqft$4959000
On marketJan 6, 2026
PostedJan 6, 2026
MLS updatedJan 16, 2026
Tour days6
Views10
How are the schools in View Royal?
2 schools rated nearby
Location
View Royal, BC, V8Z1R7
Price history
1 event
DateEventPrice$/sqftSource
Jan 6, 2026Listed For Sale$4,959,000$4,959,000VIVA
Listed For Sale$4,959,000
Jan 6, 2026•$4,959,000/sqft•VIVA
Nearby homes
Neighborhood details
Local context around this listing
View Royal, BC • Capital Regional District
Nearby cities
Central SaanichColwoodEsquimaltLangfordNorth SaanichOak BaySaanichSidney
Nearby zip codes
V9B
Listing content Copyright 2026 Vancouver Island Real Estate Board & Victoria Real Estate Board. The above information is from sources deemed reliable, but should not be relied upon without independent verification.
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