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550 Arbutus Ave
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550 Arbutus Ave

Duncan, British Columbia V9L5X6

$950,000

MLS® 1052305

4

Bedrooms

2

Bathrooms

2,152 square feet

Living Area

1975

Year Built

Single Family

Type

1 acres

Lot Size

1

Parking

Description

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.** (id:65701)

Property Details

Ownership Freehold
Annual Taxes $8,879.81
Heating Forced air, Oil
Cooling None
Parking Carport
Lot Features Wooded area, Other
Style Log house/cabin
Structure House
View Ocean view
Fireplaces 2

Listed by

Sotheby's International Realty Canada

Victoria

Interested in this property?

Contact Kara Call 604.328.8000
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