863 Parklands Dr, Esquimalt
Gorge Vale · Unimproved Land · MLS® 1044857 · Listed Aug 1, 2026
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. 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 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. .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.
| Property Type | Unimproved Land |
| Lot Size | 18,480 sqft (0.42 acres) |
| Lot Features | Central Location, Easy Access, Landscaped, Near Golf Course, Serviced |
| Water | Municipal |
| Sewer | Sewer Connected |
| Taxes | $9,700.85 (2026) |
| MLS® # | 1044857 |
| Brokerage | Initium Real Estate Ltd. |
Similar properties sold within 6 months
Gorge Vale all property types averages, updated daily. See Gorge Vale market stats or Esquimalt market stats.
It is listed at $1,850,000.
The lot is 18,480 sqft (0.42 acres).
Esquimalt is currently a seller's market: median sold price $730,000, 3.9 months of inventory, homes typically selling in about 33 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 8, 2026.
