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Discover the epitome of West Coast living on this picturesque acreage with no spec tax payable! Introducing Banner Heights, now selling 10+/- acre lots nestled in a rural...
Courtesy of Royal LePage Coast Capital - Westshore
Development Opportunity 3 as proposed is 27.77 acres with road access from Opportunity number 2. The sweeping 180-degree views to the East, N.E. and S.E. take in the Ocea...
Courtesy of Century 21 Queenswood Realty Ltd.
Development Opportunity 2 as proposed consists of 9.94 acres with road access from Opportunity number 1 to Opportunity number 3. Includes harbor views and services to the...
Courtesy of Century 21 Queenswood Realty Ltd.
Development Opportunity 1 as proposed consists of 2.36 acres divided into 8 lots that are serviced for 4 Townhouse per Lot. These lots feature clear, unobstructed views o...
Courtesy of Century 21 Queenswood Realty Ltd.
ATTENTION BUILDERS - Great opportunity to build on this shovel ready lot. Great upside potential at the current price! This FULLY serviced lot is located in the heart of ...
Courtesy of RE/MAX Camosun
Discover Your Own Slice of Paradise on Vancouver Island! Nestled within a serene 5-acre wooded lot along Shawnigan Lake Road, this property offers boundless possibilities...
Courtesy of Pemberton Holmes - Sooke
Welcome to Beckingham Estates. A boutique subdivision of 18 Fee Simple (no strata), rural lots in the Heart of Metchosin BC. Master planned by award winning LIDA Develop...
Courtesy of Team 3000 Realty Ltd
West Ridge Trails is conveniently located just moments from the town core in Sooke. This is the last of two remaining lots and located at the end of Forest Edge Place in ...
Courtesy of RE/MAX Camosun
At the entrance to West Ridge Trails on an almost .75 acre property you'll find the large mostly level duplex zoned building lot, driveway in, with plenty of options for ...
Courtesy of RE/MAX Camosun
West Coast Jordan River Acreage! Your opportunity to own 2.5 acres in Creekside Glen the new phase of Wildwood Terrace community. With the driveway built and building s...
Courtesy of RE/MAX Camosun
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Land and Building Lots are in very short supply in Victoria in part due to the regioins environmental and geographical constraints, being surrounded by water towards the East, difficult to develop topography in mountenous regionis towards the West, and agricultural land in in the North. One of the biggest reasons for low land inventory in Victoria, however, is the persistent NIMBY opposition pathology at the local government level prompting local councils to finds ways to thwart development efforts at the behest of it's constituents, whenever a piece of developable land becomes available, who scream for every piece of vacant land to be turned into another park for their enjoyment at the expense of everyone else. Agricultural Land ALR policies of the provincial government are another reason for the shortage. A massive amount of developable land has been taken out of the development pool by this institution on the false pretext of preserving farmland, when in fact only about 50% of the ALR inventory has any kind of agricultrual potential. It's a sad situation creating homelessness and poverty by contributing to rising housing costs.
Nevertheless, owning land in Victoria, BC, can offer several benefits. Here are some key advantages: Appreciation: Real estate in Victoria has historically shown strong appreciation over time. As the demand for properties in this desirable location continues to grow, the value of your land may increase, potentially providing a significant return on investment. Stability: Land ownership provides stability and security. Unlike renting or leasing, owning land gives you control over your property, allowing you to make long-term plans and decisions without the uncertainty of changing rental prices or the possibility of eviction.
Development Opportunities: Owning land in Victoria gives you the potential to develop the property according to your preferences. Whether you're interested in building your dream home, developing a commercial space, or investing in rental properties, land ownership offers flexibility for your future plans. Rental Income: If you choose to develop your land for rental purposes, owning property in Victoria can provide a steady stream of rental income. The city's high demand for housing and tourism industry can create lucrative opportunities for landlords, especially in popular neighborhoods or near attractions.
Tax Benefits: Land ownership often comes with tax advantages. In Canada, you can deduct property taxes and mortgage interest payments from your taxable income. Additionally, if you decide to sell your land in the future, capital gains tax may be partially or completely exempt if the property is considered your principal residence. Lifestyle and Location: Victoria is renowned for its quality of life, beautiful scenery, and vibrant culture. By owning land in this area, you have the opportunity to enjoy the benefits of the city's amenities, including parks, beaches, recreational activities, dining options, and a mild climate.
Estate Planning: Land ownership can be an essential component of estate planning. It allows you to pass on your property to future generations, providing a valuable asset and potentially securing their financial future. Remember that owning land also comes with responsibilities, such as property maintenance, taxes, and potential risks associated with the real estate market. It's advisable to consult with a real estate professional, financial advisor, or lawyer to evaluate your specific situation and ensure land ownership aligns with your goals and financial capabilities.