South Vancouver Island Land For Sale
Building Lots, Raw Parcels and What They Really CostSouth Vancouver Island land for sale runs from a serviced lot in a Langford subdivision to 40 acres with a logging road and no hydro at the gate. The listing price is the smallest part of the picture here. Servicing, approvals and site preparation routinely add more than the land itself.
Serviced and unserviced are different products. A lot with water, sewer, hydro and a registered driveway is ready to build on. A raw parcel may need a well, a septic design, a power extension and a geotechnical report before anyone can pour a footing.
Zoning sets the ceiling and the covenants set the detail. Check the zone for setbacks, height and lot coverage, then read the charges on title for building schemes, no build areas and riparian covenants. A 5 acre parcel with a 30 metre stream setback can have a very small usable footprint.
Construction financing works differently. Lenders advance in stages against completed work, the down payment is larger and the timeline is longer than a house purchase. Line up the lender before you tie up the lot, because that is the step that stalls land deals most often.