2229 Arbutus Rd E
Saanich, British Columbia
MLS® 1047741
$1,788,000
- Status
- Active
- Property type
- House
- MLS® number
- 1047741
- Bedrooms
- 6
- Bathrooms
- 5
- Year built
- 1955
1 / 65Listing description
Welcome to 2229 Arbutus Rd; where lifestyle, flexibility and income potential come together. Set on a private, beautifully landscaped . 54 acre lot with meadow, mature gardens, forest and ocean views.
This exceptional 6 bed/5 bath, nearly 3,700 sq/ft property offers a rare opportunity for families, extended families, multi generational living or savvy investors. Meticulously cared for and lovingly maintained by the same family for nearly 25 years, this property reflects a great pride of ownership. Every improvement has been thoughtfully considered and completed to a high standard, creating a home that is truly special.
Designed to live comfortably while generating meaningful income, the property includes 3 separate living spaces + 3 kitchens, and potential for $100,000+ in rental revenue/yr. Live in one residence while additional suites help offset your mortgage, or enjoy the entire property to suit your needs. The robust income potential can make ownership much more attainable all the while building equity and benefiting from long term appreciation.
The main 1,550+ sq/ft, 3 bed/2 bath residence has been extensively renovated and upgraded from 2009–2025, including windows, roof, stucco, exterior finishes, kitchen, perimeter drains and front deck. The 1,400+ sq/ft, 2 bed/2 bath authorized Garden House was added in 2009, while the approximately 700 sq/ft, 2 bed/1 bath in-law suite was completed in 2023. Enjoy expansive decks, mature gardens, spectacular Magnolia, abundance of privacy and a massive driveway ideal for vehicles, boats and RVs.
The detached 2 car garage/workshop offers excellent storage and flexibility, while the substantial forested backyard may offer future potential for a large secondary dwelling (buyer to verify). All this, just minutes from UVic, schools, transit routes, Arbutus Cove and the beach. An exceptional opportunity to secure a lifestyle property with multiple income streams, flexibility and significant future potential.
Property summary
- MLS® number
- 1047741
- Property type
- Single Family
- Building type
- House
- Square footage
- 3,693 sq ft
- Title
- Freehold
- Land size
- 0.54 acres
- Built in
- 1955
- Annual property taxes
- $9,216.00
- Parking
- 8 spaces
- Days on market
- 14 days
Features & details
- Heating
- Heat Pump, Baseboard heaters, Forced air, Wood
- Cooling
- Air Conditioned, See Remarks
- Appliances
- Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave
- Lot features
- Central location, Park setting, Private setting, Wooded area, See remarks, Other
- View
- Ocean view
- Architectural style
- Other, Cape Cod
What would this home cost you?
Based on the $1,788,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of The Agency, Victoria.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.