$1,299,000
1146 Sluggett Rd
Beds
—
Baths
—
Sqft
—
Year
1957
Type
Vacant Land
Suite
Investment signal
Location 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.
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
Cash on cash
-6.42%
Cap rate
3.58%
GRM
16.7
Break-even rent
$7,963
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: 4.5% rate, 30-year amortization, 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
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.