2501 Wootton Cres

Henderson, Oak Bay · MLS® 1034543

7,000 sq ft lot · Land · Vacant Land · 178 days on market

listed by Steve Nguyen, NAI Commercial (Victoria) Inc.

realtor's description

Rare 7,000 sq ft corner lot with R5 zoning at 2501 Wootton Crescent in Oak Bay, perfectly positioned in the desirable Henderson area. This level, fully serviced property offers outstanding potential for a FOURPLEX or custom family home in one of Victoria's most beautiful municipalities. With approx. 70 ft frontage and 100 ft depth (est.), it provides flexibility for multi-unit builds or a spacious residence with garden and garage. Just minutes to Willows Beach, top-ranked schools, golf courses, and all Oak Bay Village amenities, with downtown Victoria under 10 minutes away. Take advantage of strong redevelopment opportunities in a stable, welcoming neighbourhood. Whether you’re an investor seeking a premium site or a family ready to build your forever home, this blank canvas invites your vision in a location that blends lifestyle and value. Contact the listing agent for details on zoning, site plans, and development guidelines. Survey available

property details

type: Land, Vacant Land
lot: 7,000 sq ft
parking: 4
property tax: $6,496 / yr
days on market: 178
MLS®: 1034543

features

Level lot
Corner Site
Other

the market here

listed now: 179 days; median for 5 homes for sale; this one 178 days

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

property tax by year

year	assessed	est. tax
2026	$1,184,000	$6,486

The listing shows $6,496 a year in property tax.

Estimate: the BC Assessment value times Oak Bay'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

$5,603/mo

Mortgage $5,061 · Tax $541

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

estimated payment

$5,061/ monthly

loan $920,000

25-year amortization

down payment20% · $230,00020%+ 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: $598,393
property transfer tax: $21,000; BC general rate
cash to close: $251,000; down + PTT
total paid: $1,518,393

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: 661 m² (7,115 sq ft) · PID 001-672-436. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Henderson, Oak BayGoogle Maps ↗

schools

Catchment schools, Greater Victoria School District 61

Elementary Willows Elementaryhomes in this catchment
600 m away · 2290 Musgrave St, Victoria · 250-592-2486
Middle Monterey Middlehomes in this catchment
2.1 km away · 851 Monterey Ave, Victoria · 250-598-4589
Secondary Oak Bay Highhomes in this catchment
700 m away · 2121 Cadboro Bay Rd, Victoria · 250-598-3361

From the Greater Victoria School District 61'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.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.