946 Gillespie Pl
$1,600,000
Mill Bay
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About this home
Beautifully renovated and thoughtfully reimagined, this standout 4-bed, 4-bath home offers over 4,000 sqft of exceptional living space with high-end finishes throughout. The main level offers the convenience of one-level living, featuring a bright open-concept layout, soaring ceilings, expansive windows, and a stunning chef-inspired kitchen designed for entertaining. Step outside to a private backyard oasis complete with a putting green, Swim Spa, and beautifully landscaped outdoor living spaces. The lower level offers excellent suite potential with a separate entrance, while the bonus space above the garage provides flexibility for a guest suite, Airbnb, home office, gym, or media room. With abundant storage, extensive upgrades, and exceptional attention to detail, this turnkey home is truly move-in ready. Ideally located in the sought-after Mill Springs community, just minutes from the ocean, Shawnigan Lake, marinas, world-class private schools, and an easy commute to Victoria. (id:65179)
Property details
From the listing's public record.
Lot size
11,325 square feet
Year built
2010
Taxes
$6,942/yr
Strata / HOA
$11/month
Zoning
Residential
Heating
Cooling
Lot
Community
Price history
4 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Jun 1, 2026
$1,506,500
Pending52 days on marketMLS 1038760May 30, 2016
Listed $669,000
Expired184 days on marketMLS 733260Mar 29, 2012
$522,000
Sold149 days on marketMLS 587605Jul 18, 2011
Listed $579,000
Expired84 days on marketMLS 579337
How this listing compares
Based on 67 sales in Mill BayMedian sold
$1,150,000
Avg days on market
50 days
Avg sale-to-list
97.1%
Avg $/sqft
$424
Price per square foot
Below area average
Current market in Mill Bay
Active (same type)
13
Pending
15
All active listings
30
Months of supply
2.3
Seller's market — 2.3 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$1,280,000
Homes in Malahat & Area sell at 110.9% of assessed value on average.
Based on 226 recent sales.
Local price trend
How Mill Bay has moved over the last decade.
Local price index (normalized) · 119 months
Recent nearby sales
12 sales654 Sentinel Dr
$1,105,000
4 bd · 4 ba · 6,261 sqft · $176/sqft · 124 days on market
Sold Jul 20, 2026 · 100% of list
899 Frayne Rd
$1,446,000
5 bd · 4 ba · 5,432 sqft · $266/sqft · 40 days on market
Sold Jul 16, 2026 · 95.1% of list
4-1723 Sandy Beach Rd
$1,118,800
2 bd · 2 ba · 1,719 sqft · $651/sqft · 72 days on market
Sold Jul 15, 2026 · 97.4% of list
1067 Briarwood Cres
$1,300,000
7 bd · 4 ba · 5,089 sqft · $255/sqft · 1 day on market
Sold Jul 15, 2026 · 100.1% of list
3070 Beachfront Cres
$4,320,000
4 bd · 5 ba · 7,315 sqft · $591/sqft · 18 days on market
Sold Jul 15, 2026 · 96% of list
1186 Briarwood Dr
$850,000
4 bd · 3 ba · 2,165 sqft · $393/sqft · 73 days on market
Sold Jul 10, 2026 · 85.1% of list
2514 Kinnoull Cres
$1,035,000
4 bd · 3 ba · 2,575 sqft · $402/sqft · 9 days on market
Sold Jul 8, 2026 · 98.6% of list
2548 Stubbs Rd
$1,300,000
5 bd · 4 ba · 3,823 sqft · $340/sqft · 15 days on market
Sold Jul 6, 2026 · 100.1% of list
625 Sentinel Dr
$1,285,000
4 bd · 3 ba · 3,126 sqft · $411/sqft · 11 days on market
Sold Jun 30, 2026 · 99.6% of list
2565 Faulkner Pl
$1,150,000
3 bd · 3 ba · 2,962 sqft · $388/sqft · 17 days on market
Sold Jun 29, 2026 · 100% of list
2486 Glendoik Way
$1,230,000
5 bd · 3 ba · 2,944 sqft · $418/sqft · 44 days on market
Sold Jun 29, 2026 · 98.4% of list
856 Hayden Pl
$1,215,000
4 bd · 3 ba · 4,476 sqft · $271/sqft · 45 days on market
Sold Jun 29, 2026 · 99.7% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$1,600,000 − $320,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$351,500
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.
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Interested in this home?
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Listed by The Agency