
1081 Aspen Rd
$5,900,000
Malahat Proper
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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
Waterfront
Appliances
Heating
Cooling
Lot
Price history
8 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Mar 18, 2026
Listed $5,900,000
Active125 days on marketMLS 1028948Nov 2, 2016
Listed $2,899,000
Cancelled365 days on marketMLS 745595Nov 1, 2016
Listed $2,899,000
Expired365 days on marketMLS 746493May 17, 2016
Listed $2,899,000
Cancelled168 days on marketMLS 731689May 15, 2016
Listed $2,899,000
Expired170 days on marketMLS 737321Sep 5, 2014
Listed $2,550,000
Expired466 days on marketMLS 682152Apr 28, 2014
Listed $2,550,000
Expired122 days on marketMLS 669418Apr 28, 2014
Listed $2,550,000
Expired122 days on marketMLS 670425
How this listing compares
Based on 250 sales in Malahat & AreaMedian sold
$1,048,825
Avg days on market
52 days
Avg sale-to-list
97.2%
Avg $/sqft
$428
Price per square foot
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 market — 3.3 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.
Local price index (normalized) · 119 months
Recent nearby sales
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$1,105,000
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$1,400,000
4 bd · 3 ba · 3,315 sqft · $422/sqft · 2 days on market
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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
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
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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Interested in this home?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.