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Lot 10 Sheldrake Place, Mill Bay Mill Bay

Price

$1,190,000

Bedrooms2 Beds

Bathrooms1 Baths

Size1824 sqft

Year Built2025

Property TypeDetached Home

Property Taxes$2,144.18

Description

Here’s your opportunity to own a versatile Mill Bay acreage, complete with a beautifully finished carriage home and a massive shop already in place. Unlike bare land lots, this property offers a range of financing options—including standard and construction mortgages—thanks to the existing dwelling. The standout feature is the stylish 2-bedroom carriage home, featuring vaulted ceilings, in-suite laundry, and a cozy custom fireplace—ideal for guests, rental income, or comfortable on-site living during construction. Below, the oversized two-bay garage/shop boasts soaring 12-foot ceilings, making it a perfect space for hobbies, storage, or a workshop. Whether you collaborate with the developer on a thoughtfully designed home plan or bring your own vision to life, this property is ready when you are. Acreage. Income. Opportunity. Don’t miss your chance to secure a rare and flexible offering in a peaceful, well-connected Mill Bay location. (id:39198)

Listed By

The listing brokerage and/or agent is eXp Realty

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Property Dimensions

The Property Location

Mortgage Calculator

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Total Monthly Payment

$4,454 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$952,000

Total Interest Payments

$586,966

Total Payment (Principal + Interest)

$1,538,966

Cashflow Calculator

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Monthly Cash Flow

$300 / month

Monthly Expenses

-$1,700

Monthly Income

$2,000

Your monthly cash flow is positive

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Meet Alex & Georgia

Growing up on the island, and settling down in beautiful Victoria, I have a unique perspective on the areas flourishing real estate market. I bought my first property at the young age of 20 and from there went on to buy and sell multiple properties around the area.

Locations We Serve

Cowichan Valley

Cowichan Valley

Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture

Westshore

Westshore

The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.

Victoria

Victoria

As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.

Oak Bay

Oak Bay

Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.

Saanich

Saanich

The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.

We can help you find your dream home