$1,850,000
863 Parklands Dr
Beds
6
Baths
4
Sqft
—
Year
1955
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
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. 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. 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 .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. (id:65958)
- Subtype
- Single Family
- Structure
- House
- Community
- Gorge Vale
- Common interest
- Freehold
- Living area
- 3,686 square feet
- Lot size
- 18,400 square feet
- Lot dimensions
- 18400
- Parking
- 6 total
- Fireplace
- 1
- On market
- Apr 13, 2026
- Status changed
- Apr 13, 2026
- Annual tax
- $8,941.16
- Zoning
- Residential
- Photos
- 58
- MLS#
- 1031878
- Area
- ESQUIMALT
Features and systems
Heating
Cooling
Lot
Cash on cash
-11.46%
Cap rate
3.60%
GRM
16.7
Break-even rent
$12,969
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 Esquimalt. 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 13, 2026.