914 McNaughton Ave

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$799,900

914 McNaughton Ave

Gorge Vale, Esquimalt · MLS® 1050582

7,200 sq ft lot · Land · Vacant Land · 37 days on market

listed by Thomas Kala, eXp Realty

realtor's description

Legal Duplex Lot with Suites ready for quick completion. With a stunning location just steps to the Gorge in Esquimalt. This large 7,200 sq ft vacant lot with approved plans for a Zebra-designed side-by-side duplex. Each unit features over 2,000 sq ft of living space, including 3 bedrooms, 3 bathrooms, and a self-contained, legal 1-bedroom suite with private patio access. Each residence includes a private garage and beautifully appointed outdoor patio from the main level, seamlessly extending the living space outdoors. Nestled on a peaceful street moments from the Gorge Waterway and Kinsmen Park, residents will enjoy a lifestyle defined by waterfront walks, green space, and convenient access to nearby amenities. Don't miss your opportunity to secure a duplex building lot in this highly sought after Esquimalt Neighbourhood.

property details

type: Land, Vacant Land
lot: 7,200 sq ft
parking: 4
property tax: $5,807 / yr
days on market: 37
MLS®: 1050582

features

Central location
Partially cleared
Other

the market here

listed now: 108 days; median for 5 homes for sale; this one 37 days

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

property tax by year

year	assessed	est. tax
2026	$926,000	$5,807

The listing shows $5,807 a year in property tax.

Estimate: the BC Assessment value times Esquimalt'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

$4,004/mo

Mortgage $3,520 · Tax $484

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

estimated payment

$3,520/ monthly

loan $639,920

25-year amortization

down payment20% · $159,98020%+ 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: $416,221
property transfer tax: $13,998; BC general rate
cash to close: $173,978; down + PTT
total paid: $1,056,141

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.

if you rented it out

suite rent: $1,710/mo
your cost after the suite: $2,606/mo; vs $4,179 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $3,520 · tax $484 · insurance ~$175 · vacancy 3% · upkeep 5%.

Suite rent is today's market rent for a 1-bedroom in Esquimalt: CMHC's average there ($1,465) raised by what new tenants pay against everyone in the Victoria area, then down 1% with Victoria's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

BC rules for landlords

Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
Rent increases are capped once a year at the province's set amount. gov.bc.ca
The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca