931 McClure St

Fairfield West, Victoria · MLS® 1052739

7,485 sq ft lot · Land · Vacant Land · 9 days on market

listed by Austin Cope, Colliers

realtor's description

Prime development opportunity in Fairfield, just southeast of downtown Victoria/fringe Fairfield West, with Cook Street Village a short walk away. 931 McClure Street is a cleared, build-ready ±7,470 SF rectangular lot measuring 56.7' x 132', GRD-1 in the designated Priority Growth Area in the City of Victoria OCP. In-place GRD-1 zoning supports multi-unit residential of three to six storeys, letting you bring your own mid-rise vision. Full municipal services to the property line. A previous seven-unit townhouse project advanced to the Building Permit stage (since lapsed). Upper floors poised to capture ocean, mountain, park and city views. Walk Score of 91, with the downtown core, Inner Harbour, Beacon Hill Park and Dallas Road all close by. Priced well below the 2026 assessed value. Buyer to verify all measurements and zoning.

property details

type: Land, Vacant Land
lot: 7,485 sq ft
parking: 0
property tax: $9,424 / yr
days on market: 9
MLS®: 1052739

the market here

listed now: 105 days; median for 11 homes for sale; this one 9 days

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

property tax by year

year	assessed	est. tax
2026	$1,642,000	$9,287

The listing shows $9,424 a year in property tax.

Estimate: the BC Assessment value times Victoria'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

$6,177/mo

Mortgage $5,391 · Tax $785

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

estimated payment

$5,391/ monthly

loan $980,000

25-year amortization

down payment20% · $245,00020%+ 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: $637,418
property transfer tax: $22,500; BC general rate
cash to close: $267,500; down + PTT
total paid: $1,617,418

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: 694 m² (7,470 sq ft) · PID 008-666-954. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Fairfield West, VictoriaGoogle Maps ↗

schools

Catchment schools, Greater Victoria School District 61

Elementary South Park Elementaryhomes in this catchment
600 m away · 508 Douglas St, Victoria · 250-382-5234
Middle Central Middlehomes in this catchment
900 m away · 1280 Fort St, Victoria · 250-386-3591
Secondary Victoria Highhomes in this catchment
1.3 km 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.

development nearby

Development permit for 329 homes
370 m away · 2025 · under review · 829-899 Fort Street & 846-856 Broughton Street
The City is considering a Development Permit with Variance application for a mixed-use development of 329 new dwelling units and includes private and public amenities. CONCURRENT WITH REZ00901# APPLICATION. REFER TO REZONING FILE FOR APPLICATION MATERIALS.
Rezoning for a 18 storey building
170 m away · 2024 · under review · 900 & 912 Vancouver Street, 911 Quadra Street, and 930 & 990 Burdett Avenue
The City is considering a rezoning application to increase density and building heights, and to add residential and commercial uses to permit a future mixed-use development with buildings ranging in height from four to eighteen storeys.
Development permit for a 6 storey building
40 m away · 2025 · under review · 915 McClure Street
The City is reviewing a Delegated Development Permit application to construct a 6-storey, 22 unit affordable housing building. The proposal also includes variances to side and rear yard setbacks, lot coverage, open lot space and parking. <br><br>Under the site’s existing zoning, the application may be permitted; however, it requires staff review against city policy/guidelines and a decision of the
Rezoning
120 m away · 2026 · on hold · 731 Vancouver Street
Change of use at 731 Vancouver St, a heritage home built in 1892, from a Bed and Breakfast use (3 rooms of transient accommodation with breakfast) to Neighbourhood Hotel use, (4 rooms of transient accommodation, no breakfast). There are no renovations for this zoning change. The City is considering a Rezoning application to
Rezoning
140 m away · 2023 · under review · 943 Collinson Street
The City is considering a Rezoning application to construct an attached dwelling building. Concurrent with DP No. 000632.

And 1 smaller application nearby.

Applications filed with the city, active or decided in the last 3 years, measured from the listing's map pin. An application isn't an approval; the city's page has the current details. Source: City of Victoria development tracker.

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