2204 Burnside Rd W

1 / 26

$685,000

2204 Burnside Rd W

Hospital, View Royal · MLS® 1038188

10,743 sq ft lot · Land · Vacant Land · 156 days on market

listed by Derek Braaten, Sutton Group West Coast Realty

realtor's description

Prime View Royal/Hospital residential development opportunity! This 10,743 sq.ft. R-1B lot is located in the highly desirable Hospital area of View Royal — Not Saanich — and offers excellent potential for builders, investors, or multi-generational housing. Zoning permits Detached Residential or Small-Scale Multi-Unit Housing (SSMUH) with potential for up to 4 units. FSR of 0.42 allows approx. 4,511 finished sq.ft.. Previous site work includes partial blasting, excavation & fill, potentially reducing future site prep costs. West half remains treed, making the lot appear smaller from the street. Steps to Burnside Watkiss Park & trails, Eagle View Elementary, Eagle Creek Village, Vic General Hospital, The Nest Café, Galloping Goose Trail & quick highway access. Buyer to verify zoning, density, building options & all info with the Town of View Royal. Do not walk property without appointment & Realtor present.

property details

type: Land, Vacant Land
lot: 10,743 sq ft
parking: 0
property tax: $3,193 / yr
days on market: 156
MLS®: 1038188

features

Level lot
Southern exposure
Wooded area
Irregular lot size
Sloping
Other

the market here

listed now: 150 days; median for 3 homes for sale; this one 156 days

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

property tax by year

year	assessed	est. tax
2026	$790,000	$3,371

The listing shows $3,193 a year in property tax.

Estimate: the BC Assessment value times View Royal'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

$3,281/mo

Mortgage $3,015 · Tax $266

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

estimated payment

$3,015/ monthly

loan $548,000

25-year amortization

down payment20% · $137,00020%+ 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: $356,434
property transfer tax: $11,700; BC general rate
cash to close: $148,700; down + PTT
total paid: $904,434

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.