Andy Stephenson, SRES Real Estate

Victoria BC Real Estate.

Sotheby's International Realty Canada

4 Bed Single Family Detached in Duncan

550 Arbutus Ave MLS® NO.1052305

4 Beds | 2 Baths | 2152 SqFt | 38333 SqFt Lot
Listed at $950,000

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This is only a guide. Please verify this information with your mortgage specialist.

Property Details

An exceptional opportunity to secure 0.88 acres of oceanfront property in beautiful Maple Bay on Vancouver Island. The property features an older two-level log cottage built in 1975, requiring substantial renovation or removal. The value lies primarily in the waterfront land, with the potential to create a spectacular private estate. The steep terrain and site constraints will require significant investment in site preparation, waterfront access and future construction. Priced at $950,000, nearly $500,000 below the 2026 BC Assessment of $1,418,000, the offering reflects the property's condition, redevelopment potential and current market realities. For those with vision, this is a rare opportunity to secure a legacy oceanfront property in a beautiful West Coast setting. **Caution: The property has steep terrain. Exercise extreme care when viewing. The exterior deck is unsafe and must not be accessed.**

General

Property Type:Single Family Detached
Title of Ownership:LOT 1, PLAN VIP26458, SECTION 9, RANGE 6, COMIAKEN LAND DISTRICT
Layout:Ground Level Entry With Main Up
Taxes:$8,880
Tax Year:2026
Finished Sq. Ft.:2,152
Unfinished Sq. Ft.:0
Year Built:1975

Building Details

Foundation: Pillar/Post/Pier, Poured Concrete
Roof: Other, See Remarks
Heat/Air: Forced Air, Oil

Site Influences

Lot SqFt: 38,333
Acres: 0.88
Water: Municipal
Waste: Septic System
Zoning: R1
Parking: Carport, Driveway
Lot Features: Walk on Waterfront, Wooded LotOcean

Room Dimensions

Room Name Level 1Level 2Level 3Level 4Level 5Other
Sq. Ft 1089.000.001276.000.000.00
Storage17x5
Laundry12x8
Bedroom14x14
Ensuite2-Piece
Bedroom - Primary19x12
Rec Room25x14
Entrance11x7
Bathroom3-Piece
Bedroom11x7
Bedroom13x11
Dining Room9x9
Kitchen18x7
Living Room22x15
Sunroom21x5
Unfinished Rooms


Listed with:

Dean Innes - Sotheby's International Realty Canada


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