250-986-5911
37
$950,000 Sale
Listed 18 days ago
550 Arbutus Ave
· 4
· 2
· 0
· 2152
Key Facts
Key facts for 550 Arbutus Ave
Property Type
House, Log Home
Parking
0 garage, Carport,Driveway
MLS #
1052305
Size
2152 sqft
Basement
Finished,Full
Listed on
-
Lot size
-
Tax
$8,879.81 /yr
Days on Market
-
Year Built
1975
Maintenance Fee
-
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 c...reate 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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Listing courtesy of: Sotheby's International Realty Canada

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