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Investment signal

$2,599,900

5211 Sooke Rd

Beds

4

Baths

2

Sqft

Year

1970

About this home

NEARLY 400ft OF OCEANFRONT - SUB DIVISION IN PROCESS - 5211 Sooke Rd is a private oceanfront lot with ample opportunities. Situated before the Sooke core, sits this 8 acre waterfront and view lot with two existing dwellings with the potential for building your dream house on a cleared portion above with exceptional mountain and ocean views accompanied by existing separate access. Existing dwellings are both 2 bed + 1 bath, at 1,064sqft and 618sqft respectively with the small cabin featuring hot tub, is excellent for an investment property. With a park-like landscape with trails down to the private cove sandy beach waterfront, private access to the Galloping Goose trail that runs through the property, picturesque views of the Hutchinson Cove and south facing sun. This incredible 8 acre property has an existing application to subdivide which opens up exceptional value including multiple dwellings on each lot. The possibilities are endless. (id:65958)

Subtype
Single Family
Lot size
8 acres
MLS#
1030854
Area
SOOKE
Negative cash flow ~$4,932/mo at these assumptions

Cash on cash

-11.38%

Cap rate

3.61%

GRM

16.7

Break-even rent

$18,191

Financing

Down payment$519,980
Loan amount$2,079,920
Mortgage$12,760/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,192
Insurance$80
Maintenance$2,167
CapEx reserve$1,083
Vacancy loss$650

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.

Mortgage estimate

Estimated $12,760/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 16, 2026.

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