Lantzville · V0R2H0
$14,654/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Rare development opportunity in highly desirable Upper Lantzville. This prime 5.96-acre property has been largely cleared and offers municipal services at the lot line with excellent frontage on Harwood Drive. Extensive planning, due diligence, and entitlement work is already complete, positioning the site well ahead of typical early-stage opportunities and enabling a streamlined path to execution. The standout advantage is the R8-zoned Lot A frontage along Harwood Drive, which supports a smart phased development strategy that can proceed independently: Start with 14 high-end patio homes on the R8 portion for early revenue generation and strong cash flow, then deliver 9 single-family strata lots on the R1/R2 balance in subsequent phases. This creates an efficient, financeable, lower-risk approach aligned with strong local demand for quality ground-oriented housing in one of Vancouver Island’s most supply-constrained markets. Key completed items include rezoning (R1/R2/R8), environmental and wetland assessments, stormwater management plan (updated February 2026), RAPR approval, survey, and park dedication satisfaction. Development Permit (DP) documentation is fully prepared and ready to submit, with community amenity contributions already made. An existing ~2,100 SF tenanted home provides potential interim income during early phases. An optional larger-scale opportunity exists with the adjacent property at 6685 Harwood Road. The adjacent property owners have expressed interest in a potential sale, which could enable a combined ~34-unit vision if acquired. However, the subject property delivers via the phased R8 lot, robust standalone value and development flexibility without requiring assemblage. This is a rare chance to secure well-advanced development land in a high-growth corridor. NDA required for qualified developers. Contact listing agents for the full confidential package.
4
Beds
2,150 ft²
Floor area
Single Family
Type
Upper Lantzville
Area
Listed
June 5, 2026
Nearby & Commute
41 min
walk to Save-On-Foods
34 min
bike to Country Club Bus Exchange
1h 52m
walk to Country Club Bus Exchange
2h 50m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 56%
| Detached | 29 | 55.8% |
| Land | 15 | 28.8% |
| Mobile home | 3 | 5.8% |
| Multi-family | 2 | 3.8% |
| Condo / Apartment | 1 | 1.9% |
| Other | 2 | 3.8% |
| $20,000 to $24,999 | 5 | 3.1% |
| $50,000 to $59,999 | 10 | 6.3% |
| $60,000 to $69,999 | 20 | 12.5% |
| $70,000 to $79,999 | 15 | 9.4% |
| $80,000 to $89,999 | 5 | 3.1% |
| $90,000 to $99,999 | 10 | 6.3% |
| $100,000 to $124,999 | 30 | 18.8% |
| $125,000 to $149,999 | 15 | 9.4% |
| $150,000 to $199,999 | 40 | 25.0% |
| $200,000 and over | 10 | 6.3% |
Pick the records that matter for this property. Relta inquires with the listing agent and strata on your behalf, then tells you what came back. Some documents cannot always be obtained.
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Relta requests these from the listing agent and strata and follows up with what is available. Availability is not guaranteed. Review any documents with the appropriate professionals.
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$14,654
Principal and interest
Calculated estimate
$13,645
Property tax
Calculated estimate
$858/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$2,950,000
Down payment
Calculated estimate
$590,000 (20%)
Estimated mortgage
Calculated estimate
$2,360,000
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Metro averages
Est. monthly total
$14,654
/mo
Rate
%
Amortization
Principal and interest
$13,645
Property tax (est.)
$858
P&I
Tax
Down payment
$590,000 (20%)
Get Pre-Approved
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $590,000 down (20%) on $2,950,000, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
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.
At 4.3126 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.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
