Victoria BC Oceanfront Homes For Sale
550 Arbutus Ave
Duncan
V9L 5X6
$950,000
Residential
beds: 4
baths: 2.0
2,152 sq. ft.
built: 1975
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 1052305
- Bedrooms:
- 4
- Bathrooms:
- 2
- Year Built:
- 1975
- Photos (37)
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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.**
- Property Type:
- Residential
- Type:
- Single Family Residence
- Year built:
- 1975 (Age: 51)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 2,152 sq. ft.
- Main Building Living Area:
- 2,152 sq. ft.
- Listing General Location:
- Du East Duncan, Duncan
- Bedrooms:
- 4
- Bathrooms:
- 2.0 (Full:-/Half:-)
- Lot Size:
- 0.88 acre(s)
- Kitchens:
- 1
- Home Style:
- Log Home
- Taxes:
- Signup
- Construction:
- Log, Wood
- Basement:
- Finished, Full
- Foundation:
- Pillar/Post/Pier, Concrete Perimeter
- Roof:
- Other, See Remarks
- Levels:
- 3
- Ceiling Heights:
- Signup
- Floor finish:
- Wood
- Total Building Area:
- 2,152 sq. ft.
- Total Unfinished Area:
- 0 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 4
- # Main Level Bedrooms:
- 2
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 2
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 1
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 1
- # 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:
- 1,276 sq. ft.
- Living Area Main Floor:
- 1,089 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 0 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 2
- Fireplace Details:
- Wood Burning
- Laundry Features:
- In House
- Water supply:
- Municipal
- Sewer:
- Septic System
- Additional Accommodations:
- None
- Cooling:
- None
- Heating:
- Forced Air, Oil
- Fireplace:
- Yes
- Pending Date:
- Signup
- Ocean
- Ocean Front
- Ground Level
- 0
- Yes
- No
- Unrestricted
- Floor
- Type
- Size
- Other
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 1
- Number of 4 piece baths:
- 0
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 1
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Occupancy:
- Vacant
- Property Condition:
- Land Value Only
- Exposure / Faces:
- Southeast
- Layout:
- Ground Level Entry With Main Up
- Lot Site Features:
- Walk on Waterfront, Wooded
- Attached Garage:
- No
- Carport Spaces:
- 1
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Carport, Driveway
- Total Parking Spaces:
- 1
- Road Surface Type:
- Paved
- Total Units:
- Signup
- Date Listed:
- Oct 14, 2026
- Original Price:
- 950000.0
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Listed by Sotheby's International Realty Canada
Data was last updated October 17, 2026 at 12:05 PM (UTC)
Area Statistics
- Listings on market:
- 169
- Avg list price:
- $855,000
- Min list price:
- $115,000
- Max list price:
- $3,249,000
- Avg days on market:
- 57
- Min days on market:
- 1
- Max days on market:
- 841
- Avg price per sq.ft.:
- $378.63
These statistics are generated based on the current listing's property type
and located in
Du East Duncan. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
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