1637 Warren Gdns

Rockland, Victoria · MLS® 1047607

527

3,172 sq ft · 12,621 sq ft lot · Land · Vacant Land · built 1957 · 68 days on market

listed by Janet Yu, Sutton Group West Coast Realty

realtor's description

Exceptional redevelopment opportunity in a highly desirable and established neighborhood. 1637 Warren Gardens presents a rare chance for builders, investors, and developers to secure a property with significant upside potential. The existing structure has sustained major fire damage to the roof and is not currently habitable, requiring substantial repairs or redevelopment. Situated on a valuable residential lot in a sought-after location, this property offers tremendous possibilities for a new custom home, renovation project, or future redevelopment potential subject to municipal approvals. Conveniently located near parks, schools, shopping, transit, and everyday amenities, this is an ideal opportunity for those looking to unlock the full value of the land in a prime area. Bring your vision and explore the possibilities this unique property has to offer. Buyers to verify all redevelopment and zoning possibilities with the appropriate authorities.

property details

type: Land, Vacant Land
bedrooms: 5
bathrooms: 2
living area: 3,172 sq ft
lot: 12,621 sq ft
parking: 7
year built: 1957
property tax: $8,054 / yr
days on market: 68
MLS®: 1047607

features

Central location
Other
Washer
Refrigerator
Dishwasher
Dryer

the market here

listed now: 109 days; median for 12 homes for sale; this one 68 days

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

property tax by year

year	assessed	est. tax
2026	$1,414,000	$7,997

The listing shows $8,054 a year in property tax.

Estimate: the BC Assessment value times Victoria'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

$6,894/mo

Mortgage $6,223 · Tax $671

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

estimated payment

$6,223/ monthly

loan $1,131,200

25-year amortization

down payment20% · $282,80020%+ 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: $735,763
property transfer tax: $26,280; BC general rate
cash to close: $309,080; down + PTT
total paid: $1,866,963

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.