550 Arbutus Ave
Duncan, British Columbia
MLS® 1052305
$950,000
- Status
- Active
- Property type
- House
- MLS® number
- 1052305
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1975
Listing 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. **
Property summary
- MLS® number
- 1052305
- Property type
- Single Family
- Building type
- House
- Square footage
- 2,152 sq ft
- Title
- Freehold
- Land size
- 0.88 acres
- Built in
- 1975
- Annual property taxes
- $8,879.81
- Parking
- 1 space · Carport
- Days on market
- 9 days
Features & details
- Heating
- Forced air, Oil
- Cooling
- None
- Lot features
- Wooded area, Other
- View
- Ocean view
- Waterfront
- Waterfront on ocean
- Architectural style
- Log house/cabin
What would this home cost you?
Based on the $950,000 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 Sotheby's International Realty Canada, 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.