131 Milburn Dr
$1,150,000
Lagoon
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About this home
Set in a desirable Colwood location with ocean and lagoon views, 131 Milburn Dr offers a spacious and flexible layout. Whether you choose to renovate the existing home or explore redevelopment possibilities, this property presents an exciting opportunity in a fantastic location. The bright main level features a generous living room with fireplace and large windows, a separate dining area, and an oversized kitchen with abundant cabinetry and an island. Sliding doors open to a patio where you can relax and enjoy the views. Three bedrooms are located on the main floor, including a primary bedroom with ensuite, plus an additional full bathroom. The lower level offers more versatility with a bedroom, flex room, kitchenette, living and dining areas, bathroom, laundry, workshop, and separate entry, making it well suited for extended family, guests, or additional living space. A carport, mature landscaping, and approximately 2,614 sq. ft. of finished living space complete this unique property. (id:65179)
Property details
From the listing's public record.
Lot size
11,610 square feet
Year built
1954
Taxes
$5,530/yr
Zoning
Residential
View
Appliances
Heating
Lot
Price history
2 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Sep 15, 2026
Listed $1,150,000
Active4 days on marketMLS 1049364May 29, 2008
$581,000
Sold23 days on marketMLS 460078
How this listing compares
Based on 14 sales in LagoonMedian sold
$1,431,250
Avg days on market
53 days
Avg sale-to-list
96.6%
Avg $/sqft
$356
Price per square foot
Above area average
Current market in Lagoon
Active (same type)
4
Pending
1
All active listings
13
Months of supply
3.4
Seller's market — 3.4 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$919,000
Homes in Colwood sell at 108.8% of assessed value on average.
Based on 172 recent sales.
Local price trend
How Lagoon has moved over the last decade.
Local price index (normalized) · 117 months
Recent nearby sales
12 sales481 Tipton Ave
$945,000
3 bd · 2 ba · 2,008 sqft · $471/sqft · 15 days on market
Sold Aug 25, 2026 · 97% of list
648 Granrose Terr
$1,210,000
5 bd · 4 ba · 3,044 sqft · $398/sqft · 63 days on market
Sold Aug 25, 2026 · 96.9% of list
656 Medalist Ave
$2,100,000
4 bd · 3 ba · 3,560 sqft · $590/sqft · 111 days on market
Sold Aug 24, 2026 · 96.6% of list
533 Gurunank Lane
$1,350,000
5 bd · 4 ba · 3,015 sqft · $448/sqft · 113 days on market
Sold Aug 24, 2026 · 98.2% of list
584 Stornoway Dr
$1,124,500
5 bd · 3 ba · 2,648 sqft · $425/sqft · 17 days on market
Sold Aug 21, 2026 · 99.6% of list
2444 Sooke Rd
$1,065,000
5 bd · 4 ba · 2,867 sqft · $371/sqft · 13 days on market
Sold Aug 21, 2026 · 99.1% of list
3408 Robson Pl
$1,575,000
4 bd · 7 ba · 4,157 sqft · $379/sqft · 105 days on market
Sold Aug 20, 2026 · 96.7% of list
3599 Temperate Pl
$1,575,000
5 bd · 5 ba · 3,930 sqft · $401/sqft · 219 days on market
Sold Aug 19, 2026 · 100% of list
3258 Cora Hill Pl
$980,000
5 bd · 3 ba · 2,496 sqft · $393/sqft · 3 days on market
Sold Aug 17, 2026 · 98% of list
542 Gurunank Lane
$1,590,000
5 bd · 4 ba · 4,749 sqft · $335/sqft · 85 days on market
Sold Aug 17, 2026 · 94.2% of list
3369 St. Troy Pl
$1,200,000
5 bd · 3 ba · 2,978 sqft · $403/sqft · 17 days on market
Sold Aug 14, 2026 · 102.1% of list
3439 Pattison Way
$925,000
3 bd · 3 ba · 1,925 sqft · $481/sqft · 38 days on market
Sold Aug 14, 2026 · 97.5% of list
What would this home cost?
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Loan amount
$1,150,000 − $230,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$252,500
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?
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Listed by RE/MAX Camosun