- Active
#60 – 255 Caspian Drive
Colwood · Single Family
- Beds
- 3
- Baths
- 3
- Sqft
- 1,420
- Built
- 2022
Listed by RE/MAX Camosun · MLS® 1049918
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Sign inAbout this home
Discover the Isla Townhome in Royal Bay, a beautifully maintained end-unit offering privacy, comfort, and an incredible coastal lifestyle. The home feels bright and welcoming, with 9' ceilings, large windows, and an open layout that connects the living, dining, and kitchen spaces. The kitchen features quartz counters, a tiled backsplash, stainless steel appliances, and a gas range. Upstairs, you’ll find three bedrooms, including a spacious primary bedroom with a spa-inspired ensuite and beautiful ocean views. The private backyard is a wonderful bonus, providing a safe and sunny space for children and pets to play or for relaxing outdoors. Enjoy an exceptional community lifestyle, with parks, trails, beaches, and the ocean just a short stroll away. Royal Bay offers everyday convenience with a grocery store, restaurants, coffee shops, medical services, and more. With a gas furnace, tankless hot water, and low strata fees, this is a wonderful place to call home.
Home facts
- Bedrooms
- 3
- Bathrooms
- 3 full
- Interior
- 1,420 sq ft
- Lot size
- 1,333 sq ft
- Year built
- 2022
- Parking
- 2
- Property type
- Single Family
- Garage
- Yes
- Area
- Royal Bay
- Listed
- September 22, 2026
- Structure
- Row / Townhouse
- PID
- 031-906-940
- Common interest
- Condo/Strata
Highlights
- Ocean view
- Mountain view
- Private yard
- Gas range
Features and inclusions
- Appliances
- Washer, Refrigerator, Range - Gas, Dishwasher, Dryer, Microwave
- Heating
- Forced air, Natural gas
- Cooling
- None
- Parking
- Attached Garage, Garage
- Lot
- Park setting, Other
- Community
- Family Oriented, Pets Allowed With Restrictions
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
- $3,858
- Property tax
- $233/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $4,241
Purchase snapshot
- List price
- $814,000
- Down payment
- $162,800 (20%)
- Estimated mortgage
- $651,200
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
- $3,848
- 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
- $2,171 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 · 46%
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.
