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
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
Building Details
Site Influences
Room Dimensions
| Room Name | Level 1 | Level 2 | Level 3 | Level 4 | Level 5 | Other |
|---|---|---|---|---|---|---|
| Sq. Ft | 1089.00 | 0.00 | 1276.00 | 0.00 | 0.00 | |
| Storage | 17x5 | |||||
| Laundry | 12x8 | |||||
| Bedroom | 14x14 | |||||
| Ensuite | 2-Piece | |||||
| Bedroom - Primary | 19x12 | |||||
| Rec Room | 25x14 | |||||
| Entrance | 11x7 | |||||
| Bathroom | 3-Piece | |||||
| Bedroom | 11x7 | |||||
| Bedroom | 13x11 | |||||
| Dining Room | 9x9 | |||||
| Kitchen | 18x7 | |||||
| Living Room | 22x15 | |||||
| Sunroom | 21x5 | |||||
| Unfinished Rooms | ||||||
Listed with:
Dean Innes - Sotheby's International Realty Canada
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