Development Potential in Lagoon
If you are evaluating what a property in Lagoon may support, start with the SSMUH and Bill 44 guide and the Bill 44 density guide. For a property-specific starting point, use the Development Potential assessment tool Thinking about selling in Lagoon? Get a valuation that includes what your lot could support.. There is a dedicated guide to development potential in Colwood.
Lagoon
Avg. Sale PriceSingle Family (6 mo)
$895,000
Price RangeActive Residential
$625,000 - $2.8M+
Neighborhood Overview
Lagoon is Colwood's premier waterfront neighborhood, blessed with direct access to Esquimalt Lagoon, one of Greater Victoria's most beautiful natural features. This highly desirable area encompasses beachfront properties, ocean-view homes, and family residences within walking distance of the sandy shores, making it a sought-after destination for buyers seeking coastal living without leaving the Westshore.
Why Buyers Choose Lagoon
Esquimalt Lagoon is one of the only genuinely protected swimming lagoons in the Greater Victoria area, and properties within walking distance of the sandy beach hold that distinction permanently thanks to the federal bird sanctuary designation protecting the natural formation. Buyers accept lower commercial density and longer drives for daily shopping because the daily beach experience, wildlife viewing, and coastal trail access represent a lifestyle that cannot be replicated at a lower price anywhere else in Colwood.
Typical Homes in Lagoon
Beachfront estates on larger lots trade between $1.8 million and $2.8 million, with the most desirable properties offering private foreshore access. Ocean-view and ocean-proximity homes on the inland side of the neighbourhood range from $625,000 to $850,000, depending on lot size and sight lines to the lagoon. Condo and townhome inventory is minimal; this is predominantly a detached-home market with character properties from multiple eras.
Looking for investment opportunities in this area?
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3221 Heatherbell Rd, Colwood BC V9C 0P4
Colwood
0.0 bath · 703 days
Courtesy of Colliers
MLS®
3306 Ocean Blvd, Colwood BC V9C 1W6
Colwood
0.0 bath · 22 days
Courtesy of Day Team Realty Ltd
MLS®
309 Seafield Rd, Colwood BC V9C 0E7
Colwood
3 bed · 3.0 bath · 1,888 sf · 52 days
Courtesy of eXp Realty
MLS®
192 LAGOON Lagoon Rd #B, Colwood BC V9C 1X9
Colwood
3 bed · 3.0 bath · 1,931 sf · 79 days
Courtesy of Royal LePage Coast Capital - Chatterton
MLS®
3110 Havenwood Lane #304, Colwood BC V9C 0P4
Colwood
2 bed · 2.0 bath · 1,245 sf · 43 days
Courtesy of Engel & Volkers Vancouver Island
MLS®
3223 Selleck Way #405, Colwood BC V9C 0E7
Colwood
1 bed · 1.0 bath · 767 sf · 61 days
Courtesy of RE/MAX Generation
MLS®Pending Homes in Lagoon
Nearby Neighborhoods
Discover other neighborhoods in Colwood
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Featured Listings
770 Government St, Duncan BC V9L 1B2
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6 bed · 2.0 bath · 2,072 sf
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Courtesy of Oakwyn Realty Ltd. (NA)
MLS® Reciprocity
2890 Canyon Park Pl, Langford BC V9B 4Z4
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3 bed · 1.0 bath · 1,064 sf
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Courtesy of Sutton Group West Coast Realty
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797 Tyee Rd #401, Victoria BC V9A 7R4
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2 bed · 1.0 bath · 953 sf
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Courtesy of Newport Realty Ltd.
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2921 Mount Wells Dr, Langford BC V9B 4R9
Langford, BC
4 bed · 4.0 bath · 2,589 sf
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Courtesy of DFH Real Estate Ltd.
MLS® Reciprocity
444 Michigan St #2, Victoria BC V8V 1R5
Victoria, BC
3 bed · 2.0 bath · 1,527 sf
Townhouse
Courtesy of Engel & Volkers Vancouver Island
MLS® Reciprocity
4594 Alwyn St, Port Alberni BC V9Y 5V1
Port Alberni, BC
4 bed · 2.0 bath · 1,830 sf
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Courtesy of RE/MAX Mid-Island Realty
MLS® Reciprocity