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Foreclosures Shawnigan Lake

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687-689 Shawnigan Lake Rd
ML Shawnigan Shawnigan Lake V0R 2L0

$3,750,000
Residential beds: 3 baths: 3.0 2,496 sq. ft. built: 2005

Main Photo: 687-689 Shawnigan Lake Rd in Shawnigan Lake: ML Shawnigan Single Family Residence for sale (Malahat & Area)  : MLS®# 984882
Photo 1: 687-689 Shawnigan Lake Rd in Shawnigan Lake: ML Shawnigan Single Family Residence for sale (Malahat & Area)  : MLS®# 984882
Photo 2: 687-689 Shawnigan Lake Rd in Shawnigan Lake: ML Shawnigan Single Family Residence for sale (Malahat & Area)  : MLS®# 984882
Photo 3: 687-689 Shawnigan Lake Rd in Shawnigan Lake: ML Shawnigan Single Family Residence for sale (Malahat & Area)  : MLS®# 984882
Photo 4: 687-689 Shawnigan Lake Rd in Shawnigan Lake: ML Shawnigan Single Family Residence for sale (Malahat & Area)  : MLS®# 984882
Photo 5: 687-689 Shawnigan Lake Rd in Shawnigan Lake: ML Shawnigan Single Family Residence for sale (Malahat & Area)  : MLS®# 984882
Photo 6: 687-689 Shawnigan Lake Rd in Shawnigan Lake: ML Shawnigan Single Family Residence for sale (Malahat & Area)  : MLS®# 984882
Photo 7: 687-689 Shawnigan Lake Rd in Shawnigan Lake: ML Shawnigan Single Family Residence for sale (Malahat & Area)  : MLS®# 984882
Photo 8: 687-689 Shawnigan Lake Rd in Shawnigan Lake: ML Shawnigan Single Family Residence for sale (Malahat & Area)  : MLS®# 984882
Photo 9: 687-689 Shawnigan Lake Rd in Shawnigan Lake: ML Shawnigan Single Family Residence for sale (Malahat & Area)  : MLS®# 984882
Photo 10: 687-689 Shawnigan Lake Rd in Shawnigan Lake: ML Shawnigan Single Family Residence for sale (Malahat & Area)  : MLS®# 984882
Status:
Active
Prop. Type:
Residential
MLS® Num:
984882
Bedrooms:
3
Bathrooms:
3
Year Built:
2005
Exciting opportunity! This 40-acre Shawnigan Lake property offers endless potential. Located at the end of a cul-de-sac in an industrial area, just 1 min to the Trans-Canada Hwy & 10 mins to Langford, it features 2 dwellings w/ separate addresses: a main house & a manufactured home (rented, sep. power). Generates over $10K/month in rent! Zoned F1 Forestry, it includes approx. 20 acres of flat land & 20 acres of treed, varied terrain w/ multiple wells, a 145' drilled well (20 US GPM), excellent septic, & several building sites, some w/ water views. Not in the ALR, it’s ideal for rezoning to Light Industrial surrounding properties are L1. Enjoy trails for ATVs, 4x4s, hiking, or access to crown land & natural trails heading up-Island. Unlimited timber, rocks, & possible pit or dump site options. A private retreat or lucrative investment w/ long-term growth as Shawnigan expands. Wildlife abounds, making this property perfect for adventurous living, industrial development, or holding.
Property Type:
Residential
Type:
Single Family Residence
Year built:
2005 (Age: 20)
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
2,496 sq. ft.
Listing General Location:
ML Shawnigan, Malahat & Area
Bedrooms:
3
Bathrooms:
3.0 (Full:-/Half:-)
Lot Size:
40 acre(s)
Kitchens:
1
Taxes:
Construction:
Wood
New Construction:
No
Basement:
None
Foundation:
Concrete Perimeter
Roof:
Asphalt Rolled, Asphalt Shingle
Ceiling Heights:
Floor finish:
Carpet, Hardwood, Tile
Total Building Area:
2,496 sq. ft.
Total Unfinished Area:
0 sq. ft.
Commercial Area:
# Bedrooms or Dens Total:
4
# Main Level Bedrooms:
1
# Second Level Bedrooms:
2
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
2
# Second Level Bathrooms:
1
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
1
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Living Area Lower Floor:
0 sq. ft.
Living Area Main Floor:
1,387 sq. ft.
Living Area Other Floor:
0 sq. ft.
Living Area 2nd Floor:
1,110 sq. ft.
Living Area 3rd Floor:
0 sq. ft.
Fireplaces:
1
Fireplace Details:
Family Room, Wood Burning Stove
Laundry Features:
In House
Water supply:
Well: Drilled
Sewer:
Septic System
Cooling:
None
Heating:
Baseboard, Electric
Fireplace:
Yes
Pending Date:
Dishwasher, F/S/W/D
Breakfast Nook, Ceiling Fan(s), Dining Room, Eating Area, French Doors, Jetted Tub
Screens
Main Level
0
Yes
No
Unrestricted
Floor
Type
Size
Other
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
2nd Floor
2nd Floor
2nd Floor
2nd Floor
2nd Floor
Floor
Ensuite
Pieces
Other
Main Floor
Main Floor
2nd Floor
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
Duncan Rural (765)
Legal Description:
Zoning:
F1
Accessibility:
Ground Level Main Floor
MHR Number:
63288
Units in Building:
Units in Community:
Number of 2 piece baths:
0
Number of 3 piece baths:
1
Number of 4 piece baths:
1
Number of 5 piece baths:
1
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Property Condition:
Resale
Exposure / Faces:
West
Layout:
Main Level Entry with Upper Level(s)
Attached Garage:
No
Carport Spaces:
1
Garage Spaces:
0
Garage:
No
Parking Features:
Additional Parking, Carport, Driveway
Total Parking Spaces:
10
Total Units:
Date Listed:
Jan 17, 2025
Original Price:
3750000.0
  • Photo 1: 687-689 Shawnigan Lake Rd in Shawnigan Lake: ML Shawnigan Single Family Residence for sale (Malahat & Area)  : MLS®# 984882
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  • Photo 2: 687-689 Shawnigan Lake Rd in Shawnigan Lake: ML Shawnigan Single Family Residence for sale (Malahat & Area)  : MLS®# 984882
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  • Photo 3: 687-689 Shawnigan Lake Rd in Shawnigan Lake: ML Shawnigan Single Family Residence for sale (Malahat & Area)  : MLS®# 984882
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  • Photo 4: 687-689 Shawnigan Lake Rd in Shawnigan Lake: ML Shawnigan Single Family Residence for sale (Malahat & Area)  : MLS®# 984882
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  • Photo 5: 687-689 Shawnigan Lake Rd in Shawnigan Lake: ML Shawnigan Single Family Residence for sale (Malahat & Area)  : MLS®# 984882
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  • Photo 6: 687-689 Shawnigan Lake Rd in Shawnigan Lake: ML Shawnigan Single Family Residence for sale (Malahat & Area)  : MLS®# 984882
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  • Photo 7: 687-689 Shawnigan Lake Rd in Shawnigan Lake: ML Shawnigan Single Family Residence for sale (Malahat & Area)  : MLS®# 984882
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  • Photo 8: 687-689 Shawnigan Lake Rd in Shawnigan Lake: ML Shawnigan Single Family Residence for sale (Malahat & Area)  : MLS®# 984882
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  • Photo 9: 687-689 Shawnigan Lake Rd in Shawnigan Lake: ML Shawnigan Single Family Residence for sale (Malahat & Area)  : MLS®# 984882
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  • Photo 10: 687-689 Shawnigan Lake Rd in Shawnigan Lake: ML Shawnigan Single Family Residence for sale (Malahat & Area)  : MLS®# 984882
    Photo 10 of 10
Listed by Sotheby's International Realty Canada
Data was last updated February 22, 2025 at 08:05 AM (UTC)
Area Statistics
Listings on market:
44
Avg list price:
$852,450
Min list price:
$199,900
Max list price:
$4,400,000
Avg days on market:
45
Min days on market:
3
Max days on market:
206
Avg price per sq.ft.:
$512.1
These statistics are generated based on the current listing's property type and located in ML Shawnigan. Average values are derived using median calculations.

Foreclosures Shawnigan Lake, BC

If you're in the market for a new home in Shawnigan Lake, BC, you may want to consider exploring foreclosures. A foreclosure is a property that has been repossessed by the lender due to the owner's inability to make mortgage payments. These properties are often sold at a discount, making them an attractive option for homebuyers looking to save money. And with its picturesque setting and abundant recreational opportunities, Shawnigan Lake is a highly desirable location for homeowners.

One of the biggest advantages of buying a foreclosure in Shawnigan Lake is the potential savings. Because these properties are sold at a discount, you may be able to get more house for your money than you would with a traditional sale. This can be particularly attractive in a market like Shawnigan Lake, where home prices can be quite high. With a foreclosure, you may be able to find a home in your desired neighborhood that would otherwise be out of reach.

Another advantage of buying a foreclosure in Shawnigan Lake is the opportunity to customize the property to your liking. Many foreclosures are sold as-is, meaning that you'll have the opportunity to make renovations and updates to the property to suit your needs and style. This can be a great way to get a home that meets your specific requirements without having to pay a premium for a turnkey property.

When shopping for a foreclosure in Shawnigan Lake, it's important to work with a real estate agent who specializes in distressed properties. These agents have the experience and knowledge necessary to help you navigate the often complex process of buying a foreclosure. They can also provide valuable insights into the local market, including trends, pricing, and amenities.

When shopping for a foreclosure in Shawnigan Lake, you'll want to consider a variety of factors, including location, price, size, and condition. Some foreclosures may require significant repairs or renovations, while others may be move-in ready. You'll also want to consider the neighborhood and the amenities it offers, including schools, parks, and recreational opportunities.

One important consideration when buying a foreclosure in Shawnigan Lake is the financing options available to you. Because these properties are often sold at a discount, they may require special financing arrangements. Your real estate agent can help you explore your options and find the best financing solution for your needs.

Another important consideration when buying a foreclosure in Shawnigan Lake is the potential risks involved. Foreclosures can be more complex to buy than traditional homes, and there may be legal issues or liens associated with the property. It's important to work with a real estate agent who can help you navigate these risks and ensure that the transaction is legal and above board.

In summary, buying a foreclosure in Shawnigan Lake, BC can be a great way to save money and get a home that meets your specific needs and style. However, it's important to work with a real estate agent who specializes in distressed properties and to carefully consider the potential risks and financing options involved. With the right approach, buying a foreclosure can be a smart and rewarding investment in your future.

Shirin Purewal is a real estate agent located in Vancouver, Canada. She will help you throughout the process of finding the house or the condo of your dreams.

For all the people who want to live in Foreclosures Shawnigan Lake, BC, this is the page where you will be able to find the necessary options. Especially in today's environment of local government intervention in the home market, there are many potential pitfalls to avoid during the home buying process and many complex legal and tax issues.

Working with knowledgeable and experienced realtors is essential, the advice and guidance they provide are invaluable, so start now with us.

Foreclosures Shawnigan Lake, BC

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.