4 Bed Single Family Detached in Duncan

$950,000

550 Arbutus Ave
MLS® NO: 1052305

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.**

General

Property Type:Single Family Detached
Title of Ownership:LOT 1, PLAN VIP26458, SECTION 9, RANGE 6, COMIAKEN LAND DISTRICT
Layout:Ground Level Entry With Main Up
Taxes:$8,880
Tax Year:2026
Finished Sq. Ft.:2,152
Year Built:1975

Display Full Description

Interior Details

Bedroom(s): 4
Bathroom(s): 2
Basement Type: Finished, Full
Basement Description: 1

Building Details

Foundation: Pillar/Post/Pier, Poured Concrete
Roof: Other, See Remarks
Heat/Air: Forced Air, Oil

Site Influences

Lot SqFt: 38,333
Acres: 0.88
Water: Municipal
Waste: Septic System
Zoning: R1
Parking: Carport, Driveway
Lot Features: Walk on Waterfront, Wooded LotOcean

Strata Lot Information

Rental Restrictions: Unrestricted

Room Dimensions

Lower Level

Bedroom14x14
Bedroom - Primary19x12
Ensuite2-Piece
Laundry12x8
Rec Room25x14
Storage17x5
Sunroom21x5

Main Level

Bathroom3-Piece
Bedroom11x7
Bedroom13x11
Dining Room9x9
Entrance11x7
Kitchen18x7
Living Room22x15

Property Details

Beds: 4
Baths: 2
Sq. Feet: 2,152
Year Built: 1975
Property Type: Single Family Detached
Municipality: Duncan

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Listed with:

Dean InnesSotheby's International Realty Canada
Phone: 250-686-0279

NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.