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Royal LePage
550 Arbutus Ave, Duncan, BC V9L 5X6
- $950,000
- 4
- BD
- 2
- BA
- 2,152
- SqFt
Courtesy of Sotheby's International Realty Canada
- List Price
- $950,000
- Status
- ACTIVE
- MLS®
- 1052305
- Property Type
- Single Family Residential
- Year Built
- 1975
- Style
- Log Home
- Bedrooms
- 4
- Total baths
- 2
- Living Area
- 2,152
- Acres
- 0.88
- Lot Size
- 38,333
- District
- Duncan
- Neighbourhood
- Du East Duncan
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.**
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Additional Information
- Layout
- Ground Level Entry With Main Up
- Lot Features
- Walk on Waterfront, Wooded
- Heating
- Forced Air, Oil
- Flooring
- Wood
- Roof
- Other, See Remarks
- Parking Spaces
- 1
- Additional Accomodation
- None
- Parking Type
- Carport, Driveway
- Kitchens
- 1
- Laundry Feature
- In House
- Fireplace Description
- Wood Burning
- Taxes
- $8,879
- Rentals Allowed
- Unrestricted
- Pets Allowed
- Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
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