505 Royal Bay Dr, Colwood
Royal Bay · Unimproved Land · MLS® 996909 · Listed Apr 29, 2025
An exceptional opportunity to acquire and develop an 11-lot single-family subdivision site, ideally located adjacent to the Royal Bay Community. Royal Bay is the Westshore’s premier master-planned community, offering a vibrant mix of amenities. It features ‘The Commons’ — a 76,640 SF mixed-use retail and professional office centre anchored by Quality Foods and Cascadia Liquor. Additional nearby amenities include Royal Bay Secondary School, Promenade Park, Olympic View Golf Course, and many more.
| Property Type | Unimproved Land |
| Lot Size | 135,625 sqft (3.11 acres) |
| Taxes | $9,196.85 (2024) |
| MLS® # | 996909 |
| Brokerage | Colliers |
Similar properties sold within 6 months
Royal Bay all property types averages, updated daily. See Royal Bay market stats or Colwood market stats.
505 Royal Bay Dr, Colwood sold on October 17, 2025, after 171 days on the market.
The sold price is available free with an 8X account; it was listed at $3,025,000. It is shown publicly once the sale is registered with BC Assessment.
It was on the market for 171 days, from April 29, 2025 to October 17, 2025.
The lot is 135,625 sqft (3.11 acres).
505 Royal Bay Dr, Colwood was originally listed at $3,575,000, then reduced to $3,025,000 (15.4% reduction).
Colwood is currently a seller's market: median sold price $934,000, 2.4 months of inventory, homes typically selling in about 50 days.
MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. Data last updated: Aug 13, 2026.
