1193 Dignan Rd

Brentwood Bay, Central Saanich · MLS® 1044984

12,060 sq ft lot · Land · Vacant Land · 85 days on market

listed by David Beswick, Macdonald Realty Victoria

realtor's description

Rare opportunity to acquire a prime development property on a level 100' x 120' lot situated near the end of a quiet cul-de-sac. Central Saanich has re-zoned this street to Residential Corridor (R-C) Zoning, supporting the municipality's vision for increased housing density. This generous site currently supports development of up to 6 townhomes under this new zoning, with potential for additional density through a variance process (buyer to verify). To accelerate your project, the sale includes concept plans for an 8-unit townhomes, along with a survey, engineering report, arborist report, and other valuable due diligence materials. Currently tenanted, providing holding income while development plans are finalized, or it could serve as a strategic land assembly opportunity. Please do not walk the property without listing agent present. An outstanding opportunity for developers, builders, or investors looking to capitalize on one of Central Saanich's emerging growth corridors.

property details

type: Land, Vacant Land
lot: 12,060 sq ft
parking: 0
property tax: $5,398 / yr
days on market: 85
MLS®: 1044984

features

Cul-de-sac
Level lot
Other

the market here

listed now: 168 days; median for 6 homes for sale; this one 85 days

Homes in Central Saanich. Sale prices register 1 to 3 months after a sale closes.

property tax by year

year	assessed	est. tax
2026	$1,018,000	$5,079

The listing shows $5,398 a year in property tax.

Estimate: the BC Assessment value times Central Saanich's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

monthly cost

$4,829/mo

Mortgage $4,379 · Tax $450

20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$4,379/ monthly

loan $796,000

25-year amortization

down payment20% · $199,00020%+ down: no mortgage insuranceinterest rate4.44%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 30, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $517,740
property transfer tax: $17,900; BC general rate
cash to close: $216,900; down + PTT
total paid: $1,313,740

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

location

lot outline: 1,118 m² (12,034 sq ft) · PID 000-489-506. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Brentwood Bay, Central SaanichGoogle Maps ↗

schools

Catchment schools, Saanich School District 63

Elementary Brentwood Elementaryhomes in this catchment
600 m away · 7085 Wallace Drive, Brentwood Bay · 250-652-3996
Middle Bayside Middlehomes in this catchment
1.1 km away · 1101 Newton Pl, Brentwood Bay · 250-652-1135
Secondary Stelly’s Secondaryhomes in this catchment
1.3 km away · 1627 Stellys Cross Rd, Saanichton · 250-652-4401

From the Saanich School District 63's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

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