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.**
Address
550 Arbutus Ave
List Price
$950,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Style of Home
Log Home
Transaction Type
Sale
Area
Duncan
Sub-Area
Du East Duncan
Bedrooms
4
Bathrooms
2
Floor Area
2,152 Sq. Ft.
Lot Size
38333 Sq. Ft.
Lot Size (Acres)
0.88 Ac.
Year Built
1975
MLS® Number
1052305
Listing Brokerage
Sotheby's International Realty Canada
Basement Area
Finished, Full
Postal Code
V9L 5X6
Tax Amount
$8,879.81
Tax Year
2026
Features
Forced Air, Oil, Wood
Amenities
Walk on Waterfront, Wooded