+1 (778) 215-0445 scarlettbarber@remax.net

550 Arbutus Ave Duncan, British Columbia V9L 5X6

4 Bedroom 2 Bathroom 2,152 sqft
Log House/cabin Fireplace None Forced Air Waterfront On Ocean

$950,000

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.** (id:63400)

Property Details

MLS® Number 1052305
Property Type Single Family
Neigbourhood East Duncan
Features Wooded Area, Other
Parking Space Total 1
Plan Vip26458
View Type Ocean View
Water Front Type Waterfront On Ocean

Building

Bathroom Total 2
Bedrooms Total 4
Architectural Style Log House/cabin
Constructed Date 1975
Cooling Type None
Fireplace Present Yes
Fireplace Total 2
Heating Fuel Oil
Heating Type Forced Air
Size Interior 2,152 Sqft
Type House

Parking

Carport

Land

Access Type Road Access
Acreage No
Size Irregular 0.88
Size Total 0.88 Ac
Size Total Text 0.88 Ac
Zoning Description R1
Zoning Type Residential

Rooms

Level Type Dimensions
Lower Level Sunroom 21 ft x 5 ft
Lower Level Recreation Room 25 ft x 14 ft
Lower Level Primary Bedroom 19 ft x 12 ft
Lower Level Ensuite 2-Piece
Lower Level Bedroom 14 ft x 14 ft
Lower Level Laundry Room 12 ft x 8 ft
Lower Level Storage 17 ft x 5 ft
Main Level Living Room 22 ft x 15 ft
Main Level Kitchen 18 ft x 7 ft
Main Level Dining Room 9 ft x 9 ft
Main Level Bedroom 13 ft x 11 ft
Main Level Bedroom 11 ft x 7 ft
Main Level Bathroom 3-Piece
Main Level Entrance 11 ft x 7 ft

https://www.realtor.ca/real-estate/30401577/550-arbutus-ave-duncan-east-duncan

Dean Innes
Personal Real Estate Corporation

(250) 686-0279
www.victoriabcluxuryhomes.com/
www.linkedin.com/in/deaninnes/

Sotheby's International Realty Canada
752 Douglas St
Victoria, British Columbia V8W 3M6

(250) 380-3933
(250) 380-3939

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