2229 Arbutus Rd E
$1,698,000
Arbutus
Interested in this home?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.
About this home
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. (id:65179)
Property details
From the listing's public record.
Lot size
0.54 acres
Year built
1955
Taxes
$9,216/yr
Zoning
Residential
View
Appliances
Heating
Cooling
Parking
Lot
Style
Price history
6 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Nov 3, 2026
Listed $1,698,000
Active3 days on marketMLS 1053554Sep 2, 2026
Listed $1,698,000
Ddf_delisted62 days on marketMLS 1047741Apr 20, 2026
Listed $1,948,888
Expired102 days on marketMLS 1032767Mar 13, 2026
Listed $2,288,000
Cancelled38 days on marketMLS 1028867Dec 22, 2025
Listed $2,349,000
Cancelled81 days on marketMLS 1022157Feb 11, 2002
$296,000
Sold5 days on marketMLS 276745
How this listing compares
Based on 26 sales in ArbutusMedian sold
$1,479,000
Avg days on market
38 days
Avg sale-to-list
96.9%
Avg $/sqft
$493
Price per square foot
Below area average
Current market in Arbutus
Active (same type)
9
Pending
2
All active listings
13
Months of supply
4.2
Balanced market — 4.2 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$1,772,000
Homes in Saanich East sell at 102.5% of assessed value on average.
Based on 623 recent sales.
Local price trend
How Arbutus has moved over the last decade.
Local price index (normalized) · 119 months
Recent nearby sales
12 sales2430 Camelot Rd
$1,050,000
4 bd · 2 ba · 2,262 sqft · $464/sqft · 27 days on market
Sold Nov 2, 2026 · 90.6% of list
2214 Mccoy Rd
$975,000
4 bd · 2 ba · 2,553 sqft · $382/sqft · 13 days on market
Sold Oct 16, 2026 · 100% of list
4094 Dawnview Cres
$1,080,000
5 bd · 3 ba · 2,699 sqft · $400/sqft · 100 days on market
Sold Sep 29, 2026 · 90.9% of list
4005 Locarno Lane
$1,880,000
4 bd · 3 ba · 3,576 sqft · $526/sqft · 83 days on market
Sold Sep 24, 2026 · 94.6% of list
4351 Gordon Head Rd
$4,800,000
5 bd · 5 ba · 7,232 sqft · $664/sqft · 79 days on market
Sold Sep 21, 2026 · 87.8% of list
2201 Arbutus Cove Lane
$1,765,000
7 bd · 5 ba · 5,434 sqft · $325/sqft · 77 days on market
Sold Sep 11, 2026 · 95.5% of list
4021 Hessington Pl
$1,780,000
5 bd · 3 ba · 2,663 sqft · $668/sqft · 8 days on market
Sold Aug 21, 2026 · 99.7% of list
4091 Dawnview Cres
$1,135,000
5 bd · 3 ba · 2,250 sqft · $504/sqft · 22 days on market
Sold Aug 14, 2026 · 90.8% of list
2294 Greenlands Rd
$1,624,000
4 bd · 3 ba · 4,200 sqft · $387/sqft · 18 days on market
Sold Jul 30, 2026 · 98.5% of list
4098 Orion Pl
$1,275,000
5 bd · 3 ba · 3,332 sqft · $383/sqft · 25 days on market
Sold Jul 13, 2026 · 96.2% of list
2220 Tashy Pl
$1,575,000
4 bd · 3 ba · 4,032 sqft · $391/sqft · 10 days on market
Sold Jun 30, 2026 · 105.4% of list
2574 Arbutus Rd
$1,550,000
2 bd · 2 ba · 2,951 sqft · $525/sqft · 19 days on market
Sold Jun 30, 2026 · 96.9% of list
What would this home cost?
Estimate your monthly payment and total cash to close on this property — BC Property Transfer Tax included. Adjust the numbers for your situation.
Toggle to enter as % or $ — the other field updates automatically.
We don't guess a rate — talk to a broker for current Island rates and what you'd actually qualify for.
Estimate
Monthly mortgage
—
Enter a rate to see the payment.
Loan amount
$1,698,000 − $339,600
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$373,060
Down payment + PTT + GST + legal estimate.
Estimates only, based on current BC rates and thresholds. Not tax, legal, or financial advice. Property transfer tax exemptions have eligibility requirements — confirm with a lawyer or notary. GST rebates on new construction are not modelled here. Mortgage payment uses Canadian semi-annual compounding and excludes property tax, home insurance, and CMHC mortgage insurance.
Want a real rate?
Connect with a local mortgage broker for current rates and what you'd actually qualify for.
Interested in this home?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.
Listed by The Agency