- Active
Block 1241 Malahat Highway
Malahat · Vacant Land
Listed by RE/MAX Camosun · MLS® 1033201
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Sign in$19,999,900
About this home
Premier 360-acre holding forming part of a rare 400-acre contiguous land assembly on the Malahat, one of Southern Vancouver Island’s most significant development opportunities. Strategically located just 15 minutes from Langford and Greater Victoria, this expansive parcel offers scale, highway frontage, and long-term upside. Zoned RUR-1 with a Forest Resource designation, it supports resource use today while positioning for future rezoning. Approximately 22 acres are designated for industrial use, enhancing flexibility for a mixed-use vision. Combined with the adjacent 40-acre Settlement Area parcel in the CRD, this assembly presents compelling potential for a master-planned community incorporating residential, commercial, and light industrial uses. Strong exposure to the Trans-Canada Highway, proximity to a former rail corridor, and potential for future access further elevate the opportunity. A landmark land banking or development asset in a rapidly growing corridor.
Home facts
- Property type
- Vacant Land
- Area
- Malahat Proper
- Listed
- April 23, 2026
- PID
- 009-377-140
- Common interest
- Freehold
Highlights
- Ocean view
- Mountain view
Features and inclusions
- Lot
- Acreage, Cul-de-sac, Hillside, Park setting, Private setting, Wooded area, See remarks, Other, Marine Oriented
Rooms and building
- Water
- Zoning
- Unknown
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
- $94,794
- Property tax
- $5,833/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $100,778
Purchase snapshot
- List price
- $19,999,900
- Down payment
- $3,999,980 (20%)
- Estimated mortgage
- $15,999,920
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
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
- Low 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 · 54%
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.