550 Arbutus Ave$950,000
- Bed 4
- Bath 2
- SQ.FT 2152.00
- Garage 1
$ 441.45 / sq ft
Property 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.**
Property Details
- Property ID:32371149
- Price:$950,000
- Property Type:Residential
- Bedrooms:4
- Bathrooms:2
- Lot Size:38333.00 sq ft
- Living Area:2152.00 sq ft
- Year Built:1975
- Parking:1 spaces
- Status:Active
- City:Duncan
- State/Province:BC
- Postal Code:V9L 5X6
- Listing Agent:Dean Innes
- Office:Sotheby's International Realty Canada
Condition
- 3 Bedrooms
- 2 Bathroom
- 1 Garage
- 1 Balcony
- 4800 sq ft
- TV
Features
- Air conditioning
- Wifi
- Swimming Pool
- Double Bed
- Balcony
- Telephone
- Garage
- Parking
- TV
- Home Theater
- Alarm
- Garage
- Gym
- Electric Range
- Private space
Floor Plans
| Size | Rooms | Bathrooms |
| 1600 | 3 | 2 |
Property Vedio
Property Location
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