1 / 25
Investment signal

$1,299,000

1146 Sluggett Rd

Beds

Baths

Sqft

Year

1957

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

Open full map

About this home

Attention builders and developers—rare opportunity in the heart of Brentwood Bay. Flat 13,400+ sq ft lot (approx. 90 x 148) offering multiple development options: side-by-side duplexes, duplex + single-family home with suite, or potential for up to 8 units (buyer to verify all options). The owner has completed significant due diligence with the District of Central Saanich including preliminary approval PLA. Conceptual drawings available. New zoning and guidelines may allow for infill duplex while retaining the existing home, or potential subdivision into 4 ranchers + suites (buyer to verify). Existing duplex provides holding income. Steps to schools, shopping, and transit. Full info package available. Reach out today. Buyer to confirm all info with Central Saanich Municipality. (id:65958)

Subtype
Vacant Land
Community
Brentwood Bay
Common interest
Freehold
Lot size
13,455 square feet
Lot dimensions
13455
Parking
6 total
On market
Apr 17, 2026
Status changed
Apr 17, 2026
Annual tax
$4,814.32
Zoning
Unknown
Photos
25
MLS#
1032295
Area
CENTRAL_SAANICH

Features and systems

Lot

Central locationLevel lotSee remarksOtherRectangular
Negative cash flow ~$2,500/mo at these assumptions

Cash on cash

-11.55%

Cap rate

3.58%

GRM

16.7

Break-even rent

$9,131

Financing

Down payment$259,800
Loan amount$1,039,200
Mortgage$6,375/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$595
Insurance$80
Maintenance$1,083
CapEx reserve$541
Vacancy loss$325

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Central Saanich. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $6,375/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 17, 2026.

We use a single cookie to remember if you’ve dismissed this notice and a no-PII analytics ping. By using this site you consent. Privacy.