Lot 10 Sheldrake Pl
$999,999
Mill Bay
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About this home
Welcome to 2788 Sheldrake Place, a rare opportunity to build your dream home on a beautiful 1 acre parcel in one of Mill Bay's most desirable locations. What sets this property apart is that much of the groundwork is already complete, with a beautifully finished carriage home and substantial shop ready for immediate use. The thoughtfully designed 2 bedroom carriage home features vaulted ceilings, in suite laundry, a custom fireplace, and comfortable modern living spaces. Live in it while you build, rent it out for supplemental income, accommodate family, or hold it as a valuable long term asset. The flexibility is exceptional. Below, the oversized two bay garage and shop offers 12 foot ceilings and abundant room for vehicles, equipment, storage, hobbies, or workshop space. Whether your vision is a custom estate home, a private family retreat, or a legacy property, this offering provides a unique head start. Enjoy the ability to move forward with your dream home while already having a quality residence and shop established on the property. Located just minutes from Mill Bay amenities, schools, shopping, marinas, and convenient access to Victoria, this is a rare opportunity to secure acreage, flexibility, and future potential in a highly sought after community. (id:65179)
Property details
From the listing's public record.
Lot size
1 acres
Year built
2024
Taxes
$2,589/yr
Zoning
Residential
Heating
Price history
9 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Jun 30, 2026
Listed $999,999
Active25 days on marketMLS 1041899Jun 30, 2026
Listed $999,999
Active25 days on marketMLS 1041901Aug 8, 2025
Listed $2,550,000
Cancelled108 days on marketMLS 1007279May 28, 2025
Listed $1,190,000
Cancelled70 days on marketMLS 1000201May 28, 2025
Listed $1,190,000
Cancelled163 days on marketMLS 999923Mar 13, 2025
Listed $1,190,000
Expired60 days on marketMLS 991944Nov 27, 2024
Listed $1,300,000
Cancelled106 days on marketMLS 981401Oct 2, 2024
Listed $1,300,000
Cancelled54 days on marketMLS 977645Oct 20, 2022
Listed $650,000
Expired235 days on marketMLS 917461
How this listing compares
Based on 12 sales in Malahat & AreaMedian sold
$647,500
Avg days on market
108 days
Avg sale-to-list
90.5%
Avg $/sqft
—
Current market in Malahat & Area
Active (same type)
13
Pending
1
All active listings
140
Months of supply
13
Buyer's market — 13 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$820,000
Homes in Malahat & Area sell at 402.9% of assessed value on average.
Based on 12 recent sales.
Recent nearby sales
6 sales1894 Lakewood Rd
$825,000
— · — · — · 64 days on market
Sold May 6, 2026 · 68.8% of list
0 Trans Canada Hwy
$1,300,000
— · — · — · 44 days on market
Sold Apr 15, 2026 · 92.9% of list
Lot 11 Thain Rd
$950,000
— · — · — · 285 days on market
Sold Apr 15, 2026 · 86.4% of list
Lot 2 Braithwaite Dr
$423,500
— · — · — · 201 days on market
Sold Mar 19, 2026 · 95.2% of list
Lot 11 Goldstream Heights Dr
$407,500
— · — · — · 28 days on market
Sold Feb 17, 2026 · 95% of list
801 Trans Canada Hwy
$2,000,000
— · — · — · 57 days on market
Sold Jan 30, 2026 · 80% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$999,999 − $200,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$219,500
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 eXp Realty