Victoria Real Estate
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1081 Aspen Rd

$5,900,000

Malahat Proper

Detached5 bd · 6 ba · 4,692 sqftBuilt 2012$1,257/sqft125 days on market

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About this home

A rare waterfront offering set on over 5 acres with a private dock, valuable foreshore lease, and deep-water moorage, this private gated estate provides direct access to the calm, protected waters of Finlayson Arm for year-round boating, fishing, kayaking, and coastal exploration. Perfectly positioned above the inlet, the home captures breathtaking ocean, mountain, and rugged West Coast views from one of the most extraordinary vantage points on Vancouver Island. Thoughtfully designed to harmonize with its natural surroundings, this custom-built contemporary residence blends modern luxury with the tranquility of coastal living. Expansive windows and natural materials create an inviting and luminous interior, where the beauty of the outdoors becomes part of everyday living. With over 4,500 sq. ft. of beautifully finished living space, the home features five bedrooms and five bathrooms, along with generous living and entertaining areas that flow seamlessly from one space to the next. Every detail has been considered to offer both comfort and elegance, whether enjoying quiet moments or hosting family and friends. The outdoors are equally impressive. A pool, hot tub, and outdoor shower provide a private resort-like experience, while the expansive grounds offer unparalleled privacy and connection to nature. From the dock, residents can enjoy direct water access for boating, kayaking, or fishing, while taking in the dramatic coastal scenery and abundant wildlife. This waterfront sanctuary combines privacy, luxury, and natural beauty in a setting that is both exclusive and serene. With over five acres of land, a thoughtfully designed home, and rare waterfront amenities, it offers an exceptional West Coast lifestyle, just minutes from nearby communities while feeling a world apart. An unparalleled opportunity to own one of Vancouver Island’s most extraordinary coastal estates. (id:65179)

Property details

From the listing's public record.

Lot size

5.78 acres

Year built

2012

Taxes

$7,033/yr

Zoning

Residential

View

Mountain viewOcean view

Waterfront

Waterfront on ocean

Appliances

WasherRefrigeratorHot TubDishwasherStoveDryer

Heating

Heat PumpPropane

Cooling

Air Conditioned

Lot

AcreageCul-de-sacPark settingPrivate settingWooded areaMoorage

Price history

8 records

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

  1. Mar 18, 2026

    Listed $5,900,000

    Active125 days on marketMLS 1028948
  2. Nov 2, 2016

    Listed $2,899,000

    Cancelled365 days on marketMLS 745595
  3. Nov 1, 2016

    Listed $2,899,000

    Expired365 days on marketMLS 746493
  4. May 17, 2016

    Listed $2,899,000

    Cancelled168 days on marketMLS 731689
  5. May 15, 2016

    Listed $2,899,000

    Expired170 days on marketMLS 737321
  6. Sep 5, 2014

    Listed $2,550,000

    Expired466 days on marketMLS 682152
  7. Apr 28, 2014

    Listed $2,550,000

    Expired122 days on marketMLS 669418
  8. Apr 28, 2014

    Listed $2,550,000

    Expired122 days on marketMLS 670425

How this listing compares

Based on 250 sales in Malahat & Area

Median sold

$1,048,825

Avg days on market

52 days

Avg sale-to-list

97.2%

Avg $/sqft

$428

Price per square foot

This home: $1,257/sqftArea average: $428/sqft

Above area average

Current market in Malahat & Area

Active (same type)

69

Pending

44

All active listings

139

Months of supply

3.3

Seller's market3.3 months of supply at the current sales pace.

Assessment

From publicly available property records.

Assessed value

$2,063,000

Land

$923,000

Improvements

$1,140,000

Homes in Malahat & Area sell at 110.3% of assessed value on average.

Based on 244 recent sales.

Local price trend

How Malahat Proper has moved over the last decade.

5378102Aug 2016Jul 2021Jun 2026

Local price index (normalized) · 119 months

Recent nearby sales

12 sales
  • 654 Sentinel Dr

    $1,105,000

    4 bd · 4 ba · 6,261 sqft · $176/sqft · 124 days on market

    Sold Jul 20, 2026 · 100% of list

  • 3713 Holland Ave

    $1,400,000

    4 bd · 3 ba · 3,315 sqft · $422/sqft · 2 days on market

    Sold Jul 20, 2026 · 93.4% of list

  • 899 Frayne Rd

    $1,446,000

    5 bd · 4 ba · 5,432 sqft · $266/sqft · 40 days on market

    Sold Jul 16, 2026 · 95.1% of list

  • 4-1723 Sandy Beach Rd

    $1,118,800

    2 bd · 2 ba · 1,719 sqft · $651/sqft · 72 days on market

    Sold Jul 15, 2026 · 97.4% of list

  • 3070 Beachfront Cres

    $4,320,000

    4 bd · 5 ba · 7,315 sqft · $591/sqft · 18 days on market

    Sold Jul 15, 2026 · 96% of list

  • 1067 Briarwood Cres

    $1,300,000

    7 bd · 4 ba · 5,089 sqft · $255/sqft · 1 day on market

    Sold Jul 15, 2026 · 100.1% of list

  • 1780 Elford Rd

    $730,000

    3 bd · 3 ba · 3,121 sqft · $234/sqft · 17 days on market

    Sold Jul 14, 2026 · 93% of list

  • 1307 Sylvia Pl

    $1,499,000

    5 bd · 4 ba · 4,198 sqft · $357/sqft · 31 days on market

    Sold Jul 13, 2026 · 93.7% of list

  • 1186 Briarwood Dr

    $850,000

    4 bd · 3 ba · 2,165 sqft · $393/sqft · 73 days on market

    Sold Jul 10, 2026 · 85.1% of list

  • 1475 Tharratt Rd

    $875,000

    4 bd · 3 ba · 3,162 sqft · $277/sqft · 42 days on market

    Sold Jul 10, 2026 · 97.2% of list

  • 3635 Ocean View Cres

    $1,600,000

    2 bd · 3 ba · 5,361 sqft · $298/sqft · 18 days on market

    Sold Jul 10, 2026 · 94.4% of list

  • 1265 Hutchinson Rd

    $789,000

    2 bd · 1 ba · 1,626 sqft · $485/sqft · 19 days on market

    Sold Jul 10, 2026 · 104% of list

What would this home cost?

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Monthly mortgage

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Loan amount

$5,900,000 − $1,180,000

$4,720,000

Down payment

20.0%

$1,180,000

Property Transfer Tax

$213,000

Legal / closing (est.)

$1,500

Cash to close

$1,394,500

Down payment + PTT + GST + legal estimate.

Estimates only, based on current BC rates and thresholds. Not tax, legal, or financial advice. Property transfer tax exemptions have eligibility requirements — confirm with a lawyer or notary. GST rebates on new construction are not modelled here. Mortgage payment uses Canadian semi-annual compounding and excludes property tax, home insurance, and CMHC mortgage insurance.

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More on this listing

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