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5 Erskine Lane in View Royal: VR Hospital Unimproved Land for sale : MLS®# 1021973

5 Erskine Lane View Royal V8Z 1R7 : VR Hospital

View of site showing the 2 rental houses (right) & building materials at 7 Erskine Lane (left)banner
$4,959,000
Prop. Type:
Commercial Sale
MLS® Num:
1021973
Status:
Active
Attention Developers! We’re pleased to offer the last large development site for sale on Erskine Lane that’s perched high at the end of the road with southerly views overlooking View Royal to the Olympic Mountains. This 47,000 square foot property is designated “Intensive Mixed Use” in the View Royal Official Community Plan, which foresees commercial and residential uses in buildings up to 5 Storeys with a maximum 2.5:1.0 FSR. This site enjoys the best location and outlook for exclusive ocean view apartments on every level. Municipal infrastructure upgrades are underway to service similar development projects on Erskine Lane. Two rental houses provide holding income while development plans are formulated. Don’t miss this exciting opportunity to build a true landmark building in View Royal! Please DO NOT walk the property without a confirmed appointment!
Property Type:
Commercial Sale
Type:
Unimproved Land
Commercial Type:
Land
Lease Type:
Sale Price
Listing General Location:
VR Hospital, View Royal
Bathrooms:
- (Full:-/Half:-)
Lot Size:
Switch units of measure1.085 acre(s)
Electricity:
Yes
Water supply:
Municipal
Sewer:
Sewer Available
Fireplace:
No
City, Mountain(s)
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
Town of View Royal (SD61)
Zoning:
A-3
Utilities:
Cable Available, Electricity Available, Garbage, Phone Available, Recycling
Lot Site Features:
Central Location, Cul-De-Sac, Easy Access, Near Golf Course, Pie Shaped Lot, Serviced, Southern Exposure
Parking Features:
On Site
Date Listed:
Dec 16, 2025
Original Price:
4959000.0
Listed by Sutton Group West Coast Realty
Data was last updated December 17, 2025 at 12:05 PM (UTC)
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.