- Active
#38 – 255 Caspian Drive
Colwood · Single Family
- Beds
- 2
- Baths
- 3
- Sqft
- 1,159
- Built
- 2022
Listed by Pemberton Holmes Ltd. · MLS® 1050515
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Sign inAbout this home
One of the best positioned homes in The Coral! Bright and airy 2022 built townhouse offering thoughtful upgrades, ideal layout, sunlit rooms, and a tranquil fenced backyard backing onto greenspace. The open concept main floor feels wonderfully spacious, with a sunny kitchen featuring engineered stone counters, KitchenAid appliances, and flexible dining space. Cozy living room enjoys peaceful green views and an upgraded mosaic-tile electric fireplace. Upstairs, two separated bedrooms provide privacy; the front bedroom captures mountain views while the serene primary offers a spa-like ensuite with heated floors and frameless glass shower. Enjoy ocean breezes through front and back windows, plus a fully fenced yard with patio and grass - perfect for pets and play. Oversized 31.5' garage adds incredible storage or flex-space options. Three dogs or cats are welcome! Located in vibrant Royal Bay near beaches, parks, trails, shops, schools, and daily seaside amenities, this home blends comfort, style, and an uplifting coastal feel. Act quick!
Home facts
- Bedrooms
- 2
- Bathrooms
- 3 full
- Interior
- 1,159 sq ft
- Lot size
- 1,335 sq ft
- Year built
- 2022
- Parking
- 2
- Property type
- Single Family
- Garage
- Yes
- Fireplace
- 1
- Area
- Royal Bay
- Listed
- September 24, 2026
- Structure
- Row / Townhouse
- PID
- 031-839-177
- Common interest
- Condo/Strata
Highlights
- Mountain view
- Patio
- Private yard
- Fireplace
Features and inclusions
- Appliances
- Washer, Refrigerator, Range - Gas, Dishwasher, Dryer, Microwave
- Heating
- Forced air, Natural gas, Other
- Cooling
- None
- Parking
- Attached Garage, Garage, Street, Visitor Parking
- Lot
- Level lot, Southern exposure, See remarks, Partially cleared, Other
- Community
- Family Oriented, Pets Allowed
Rooms and building
- Water
- Zoning
- Residential
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $3,317
- Property tax
- $200/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $3,667
Purchase snapshot
- List price
- $699,900
- Down payment
- $139,980 (20%)
- Estimated mortgage
- $559,920
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $3,308
- At 4.7271 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
For investors
As a rental
- Estimated rent
- $1,840 a month
- Gross yield
- 3.2%
Estimated rent from Statistics Canada rents for this area, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs.
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Extreme risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Detached · 47%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.
