$5,990,000
Lot 17 Steeple Chase
Beds
—
Baths
—
Sqft
8,000
Year
—
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.
About this home
Great Opportunity on this fully serviced Zoned and Approved Townhouse Site. Paved roads, 2 entrances, infrastructure, servicing is all in. This is the best location imaginable in the Sooke Core, steps to Schools, Sports, Recreation, and all Amenities. 33 unit townhouse site, that can be a phased development with Quick turnaround potential as Development Permit has been approved. Someone might get a proposed change to the Development Permit for the existing units? Or build what’s there. The sellers have already paid landscape bond of $238,131.30, $12,000 landscape fees, $40,000 building deposits, $102,000 building permit fees for 8 units, four of the units are at the lockup stage, and with an additional investment of approximately $800,000, the project could potentially generate around $3 million in quick sales—one of the key advantages of this development is Buyer getting a fast return on their investment is a confidence boost. Listed at 5,990,000. 6700 Steeple Chase (id:65958)
- Subtype
- Multi-family
- Structure
- Multi-Family
- Community
- Sooke Vill Core
- Common interest
- Freehold
- Lot size
- 2.72 acres
- Lot dimensions
- 2.72
- Parking
- 66 total
- On market
- Mar 6, 2026
- Status changed
- Apr 17, 2026
- Annual tax
- $16,279.12
- Zoning
- Unknown
- Photos
- 19
- MLS#
- 1027991
- Area
- SOOKE
Features and systems
Lot
Cash on cash
-11.28%
Cap rate
3.63%
GRM
16.7
Break-even rent
$41,801
Financing
Operating expenses (monthly)
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 Sooke. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
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.