2547 Empire St

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$849,000

2547 Empire St

Oaklands, Victoria · MLS® 1050136

6,250 sq ft lot · Land · Vacant Land · 42 days on market

listed by Tom Hopper, RE/MAX Generation - The Neal Estate Group

realtor's description

DEVELOPMENT OPPORTUNITY | 2547 EMPIRE STREET, VICTORIA Builders and developers: Explore the potential of this 6,250 sq. ft. corner lot at Empire and Haultain Streets. Zoned GRD-1, the property offers potential for a three-storey, four-unit townhouse development, with secondary suites worth exploring, subject to City approval. The zoning framework provides for up to 1.6 FSR for qualifying developments allowing upto 10,000 sqft of buildable , subject to applicable regulations. Located in an established Victoria neighbourhood close to parks, schools, shopping and everyday amenities, this is an opportunity to assess a ground-oriented infill project in an established residential area. Allow time for proper due diligence: An extended subject period to obtain demolition assessments and quotes, preliminary architectural drawings, site planning, construction estimates and municipal consultation regarding permits and approvals. The existing house is offered as-is, where-is, and is not available for viewing. Land value opportunity. Contact Chris Troke for further information and to discuss the development potential.250-886-5540

property details

type: Land, Vacant Land
lot: 6,250 sq ft
parking: 0
property tax: $4,658 / yr
days on market: 42
MLS®: 1050136

monthly cost

$4,125/mo

Mortgage $3,737 · Tax $388

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

estimated payment

$3,737/ monthly

loan $679,200

25-year amortization

down payment20% · $169,80020%+ 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: $441,770
property transfer tax: $14,980; BC general rate
cash to close: $184,780; down + PTT
total paid: $1,120,970

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

Oaklands, VictoriaGoogle Maps ↗

schools

Catchment schools, Greater Victoria School District 61

Elementary George Jay Elementaryhomes in this catchment
400 m away · 1118 Princess Ave, Victoria · 250-385-3381
Middle Central Middlehomes in this catchment
1.4 km away · 1280 Fort St, Victoria · 250-386-3591
Secondary Victoria Highhomes in this catchment
800 m away · 1260 Grant St, Victoria · 250-388-5456

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.

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