506 goldstream Ave

Fairway, Langford · MLS® 1052385

6,751 sq ft lot · Land · Vacant Land · 15 days on market

listed by Colevin Crause, Royal LePage Coast Capital - Oak Bay

realtor's description

Opportunity to acquire 506 Goldstream Avenue, Langford, BC, an OCP compliant multifamily development site prominently located in Langford. Situated on Goldstream Avenue across the street from the Royal Colwood Golf Club, the property offers excellent accessibility, visibility, and proximity to a wide range of amenities. The OCP contemplates a 6-storey building with multiple potential uses, such as Rental, Condo, Hotel, or Senior Housing. With construction recently completed two properties to the East, the property is a well-situated to continue the high-quality build out of mid-rise homes in the neighbourhood. At this price, the properties represent an excellent next project or land-banking opportunity.

property details

type: Land, Vacant Land
lot: 6,751 sq ft
parking: 0
property tax: $4,210 / yr
days on market: 15
MLS®: 1052385

the market here

listed now: 122 days; median for 45 homes for sale; this one 15 days

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

property tax by year

year	assessed	est. tax
2026	$789,000	$4,210

The listing shows $4,210 a year in property tax.

Estimate: the BC Assessment value times Langford'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

$5,192/mo

Mortgage $4,841 · Tax $351

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

estimated payment

$4,841/ monthly

loan $880,000

25-year amortization

down payment20% · $220,00020%+ 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: $572,376
property transfer tax: $20,000; BC general rate
cash to close: $240,000; down + PTT
total paid: $1,452,376

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: 1,548 m² (16,663 sq ft) · PID 005-698-979. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Fairway, LangfordGoogle Maps ↗

schools

Catchment schools, Sooke School District 62

Elementary Savory Elementaryhomes in this catchment
300 m away · 2721 Grainger Rd, Victoria · 250-478-9586
Middle Spencer Middle Schoolhomes in this catchment
2.4 km away · 1026 Goldstream Ave, Victoria · 250-474-1291
Secondary Belmont Secondaryhomes in this catchment
3.4 km away · 3041 Langford Lake Rd, Victoria · 250-478-5501

From the Sooke School District 62'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.

good to know

Wildfire
The BC Wildfire Service rates Langford's wildland urban interface as risk class 1 of 5 (the highest class). Some insurers price for wildfire, and FireSmart BC has a free home assessment guide.
Source: BC Wildfire Service, WUI risk class and fire perimeters

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

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