22 551 Bezanton Way
$999,900
Olympic View
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About this home
Welcome to Madrona Creek, one of Colwood's most sought-after gated communities, where quality craftsmanship meets peaceful West Coast living. This beautifully maintained townhome offers the convenience of true main-level living, featuring a spacious primary bedroom with an ensuite, hardwood floors, an open-concept living and dining area, heat pump for year-round comfort, and a double-car garage. The bright kitchen flows seamlessly into the dining room and the living room with vaulted ceilings and a feature gas fireplace. The deck is just off the living room, creating the perfect space to relax and enjoy the tranquil natural surroundings. The walk-out lower level offers exceptional flexibility with two generous bedrooms, a large family room, full bathroom, and ample storage, ideal for guests, extended family, or hobbies. Backing directly onto Madrona Park and the scenic North Latoria Creek greenbelt, you'll enjoy a private, park-like setting with nature trails right outside your door. Located just minutes from the vibrant seaside community of Royal Bay, you'll have easy access to beautiful beaches, waterfront walking paths, parks, boutique shops, restaurants, cafés, and the growing amenities at The Commons at Royal Bay. Outdoor enthusiasts will appreciate the nearby Olympic View Golf Club, extensive trail network through Latoria Creek Park, and miles of oceanfront to explore at The Beachlands Park. Offering the perfect blend of low-maintenance living, natural beauty, and everyday convenience, this is a rare opportunity to own in one of the Westshore's premier townhouse communities. (id:65179)
Property details
From the listing's public record.
Lot size
2,614 square feet
Year built
2008
Taxes
$4,239/yr
Strata / HOA
$540/month
Zoning
Multi-Family
Appliances
Heating
Lot
Community
Price history
4 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Jul 7, 2026
Listed $999,900
Active13 days on marketMLS 1042512Jun 24, 2022
$920,000
Sold5 days on marketMLS 902004Jul 2, 2020
$646,000
Sold55 days on marketMLS 837134Oct 30, 2009
$500,000
Sold119 days on marketMLS 494804
How this listing compares
Based on 13 sales in Olympic ViewMedian sold
$981,750
Avg days on market
86 days
Avg sale-to-list
98.5%
Avg $/sqft
$446
Price per square foot
Above area average
Current market in Olympic View
Active (same type)
2
Pending
0
All active listings
16
Months of supply
1.8
Seller's market — 1.8 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$859,000
Homes in Colwood sell at 108.8% of assessed value on average.
Based on 82 recent sales.
Local price trend
How Olympic View has moved over the last decade.
Local price index (normalized) · 63 months
Recent nearby sales
9 sales18-3921 Olympian Way
$1,010,000
3 bd · 3 ba · 2,079 sqft · $486/sqft · 31 days on market
Sold May 29, 2026 · 100% of list
12-551 Bezanton Way
$910,000
3 bd · 3 ba · 2,251 sqft · $404/sqft · 136 days on market
Sold Apr 27, 2026 · 98.4% of list
13-3921 Olympian Way
$981,750
3 bd · 3 ba · 2,167 sqft · $453/sqft · 247 days on market
Sold Mar 26, 2026 · 95.8% of list
108-2130 Triangle Trail
$689,000
3 bd · 3 ba · 1,982 sqft · $348/sqft · 48 days on market
Sold Mar 20, 2026 · 98.4% of list
3502 Greystone Close
$1,079,900
4 bd · 3 ba · 2,335 sqft · $462/sqft
Sold Mar 6, 2026 · 100% of list
3516 Greystone Close
$1,079,900
4 bd · 3 ba · 2,337 sqft · $462/sqft
Sold Mar 4, 2026 · 100% of list
3526 Greystone Close
$1,099,900
4 bd · 3 ba · 2,373 sqft · $464/sqft
Sold Feb 1, 2026 · 100% of list
3517 Greystone Close
$974,900
4 bd · 3 ba · 2,071 sqft · $471/sqft · 13 days on market
Sold Feb 1, 2026 · 98.5% of list
3512 Greystone Close
$1,134,900
4 bd · 3 ba · 2,335 sqft · $486/sqft · 25 days on market
Sold Feb 1, 2026 · 98.7% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$999,900 − $199,980
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$219,478
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