Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
3,686 sqft

$1,850,000

863 Parklands Dr, Esquimalt BC, V9A 4L6

Price per sqftC$501.90
Property size3,686 sqft
Property typeCommercial
Courtesy of Initium Real Estate Ltd.

Overview

Active

Listed Aug 1, 2026

Updated 2 weeks ago

Prime 0.42-acre development opportunity w/ approved permits to build a duplex at the rear and convert the existing home into another duplex—creating 4 homes. Developers can hold & rent the house while finalizing construction plans, maximizing ROI from day one. Alternatively, this is an ideal multi-generational property—offering the space & flexibility for families or groups to create customized living arrangements on one property Nestled behind mature trees & set back from the road, this rare gem hits the market for the first time in nearly 30 years.The existing home feat: original hardwood floors & charming mid-century details. .South-facing rear yard captures abundant natural light. Located in the heart of Esquimalt with quick access to popular parks, local amenities, shopping, & dining. Enjoy convenient commutes to Downtown Victoria, Saanich, & the West Shore. Don't miss this versatile opportunity, whether you're building your investment portfolio or your family's future.

Additional information

MLS® ID
1044857

Interior Features

Basement
No

Exterior Features

Lot Size
0.42 Acres

Other Property Details

Taxes
$9,701
Tax Frequency
Annually
View
Yes

Courtesy of Initium Real Estate Ltd., Kyle Kerr

Listing Contact: 250-818-5595 

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Sarah Binab shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.  Used under license.

Reciprocity Program

©2026 Vancouver Island Real Estate Board and Victoria Real Estate Board. All rights reserved.

the Victoria Real Estate Board

Powered by Luxury Presence