$4,774,900
4229 Goldstream Heights Dr
Beds
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Baths
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Sqft
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Year
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Type
Vacant Land
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Malahat. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
The Malahat Forest—formerly known as the historic Elkington Lands—stands as a true crown jewel of the Malahat region. This remarkable property spans over 300 acres of pristine, protected forest, offering an unparalleled opportunity to shape your dreams into reality. Embrace the quiet majesty of towering evergreens, the serenity of nature’s symphony, and the pure air of this extraordinary land. Whether envisioning a legacy estate, a private retreat, or a carefully planned community development, this property offers possibilities as vast as the landscape itself. For those seeking a forever home, imagine crafting a residence that will stand for generations—a sanctuary nestled within nature, where birdsong replaces city noise and starlit skies stretch endlessly above. Revel in the solitude, the privacy, and the rich ecological diversity that makes The Malahat Forest such a rare find. Alternatively, with zoning that allows for subdivision, this property offers an exciting investment opportunity for those looking to develop thoughtfully within this protected environment. Serviced by community sewer and water infrastructure managed by the CVRD, this phased strata lot ensures convenience while maintaining a commitment to sustainable living. Whatever your vision—be it a single spectacular estate or a series of curated homes that blend harmoniously with the landscape—this land offers a canvas for creation limited only by your imagination. Opportunities like this are few and far between. The Malahat Forest invites you to write the next chapter of its story—one of timeless beauty, possibility, and enduring legacy. (id:65958)
- Subtype
- Vacant Land
- Community
- Malahat Proper
- Common interest
- Condo/Strata
- Lot size
- 336 acres
- Lot dimensions
- 336
- On market
- Jan 17, 2026
- Status changed
- Apr 27, 2026
- Annual tax
- $15,656
- Zoning
- Unknown
- Photos
- 45
- MLS#
- 1023513
- Area
- MALAHAT
Features and systems
Lot
View
Cash on cash
-6.17%
Cap rate
3.63%
GRM
16.7
Break-even rent
$29,044
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 27, 2026.