131 Milburn Dr
$1,099,900
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
Parking
Lot
Price history
3 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Oct 20, 2026
Listed $1,099,900
Active9 days on marketMLS 1052675Sep 15, 2026
Listed $1,150,000
Cancelled34 days on marketMLS 1049364May 29, 2008
$581,000
Sold23 days on marketMLS 460078
How this listing compares
Based on 15 sales in LagoonMedian sold
$1,437,500
Avg days on market
46 days
Avg sale-to-list
97.4%
Avg $/sqft
$381
Price per square foot
Below area average
Current market in Lagoon
Active (same type)
3
Pending
0
All active listings
11
Months of supply
2.4
Seller's market — 2.4 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$919,000
Homes in Colwood sell at 110% of assessed value on average.
Based on 171 recent sales.
Local price trend
How Lagoon has moved over the last decade.
Local price index (normalized) · 116 months
Recent nearby sales
12 sales3377 Sandpiper St
$1,050,000
4 bd · 4 ba · 2,958 sqft · $355/sqft · 41 days on market
Sold Oct 28, 2026 · 95.5% of list
366 Caspian Dr
$1,135,000
3 bd · 3 ba · 3,058 sqft · $371/sqft · 29 days on market
Sold Oct 27, 2026 · 98.7% of list
3371 Anchorage Ave
$1,525,000
5 bd · 3 ba · 3,048 sqft · $500/sqft · 9 days on market
Sold Oct 16, 2026 · 101.7% of list
3321 Susan Marie Pl
$950,000
5 bd · 3 ba · 2,525 sqft · $376/sqft · 86 days on market
Sold Oct 15, 2026 · 95% of list
755 Cecil Blogg Dr
$1,062,900
4 bd · 3 ba · 2,556 sqft · $416/sqft · 64 days on market
Sold Oct 15, 2026 · 98.4% of list
2829 Pickford Rd
$865,000
3 bd · 3 ba · 2,426 sqft · $357/sqft · 14 days on market
Sold Oct 15, 2026 · 98.9% of list
3351 Betula Pl
$470,000
4 bd · 2 ba · 1,961 sqft · $240/sqft · 61 days on market
Sold Oct 14, 2026 · 96.3% of list
3127 Metchosin Rd
$755,000
3 bd · 2 ba · 1,885 sqft · $401/sqft · 18 days on market
Sold Oct 9, 2026 · 100.7% of list
3036 Brittany Dr
$1,200,000
6 bd · 3 ba · 3,100 sqft · $387/sqft · 22 days on market
Sold Oct 8, 2026 · 100.4% of list
2964 Pickford Rd
$880,000
3 bd · 2 ba · 1,781 sqft · $494/sqft · 40 days on market
Sold Oct 8, 2026 · 97.8% of list
2428 Marlene Dr
$915,000
3 bd · 2 ba · 1,629 sqft · $562/sqft · 71 days on market
Sold Oct 6, 2026 · 95.4% of list
3137 Antrobus Cres
$1,024,900
3 bd · 3 ba · 2,316 sqft · $443/sqft · 15 days on market
Sold Oct 2, 2026 · 99.5% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$1,099,900 − $219,980
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$241,478
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