2483 Arken Terr
$999,900
Mill Bay
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About this home
*OPEN HOUSE SUNDAY 1:00pm - 2:30pm* Great live/work opportunity in Mill Bay! Custom built by the area’s original developers, this cozy West Coast inspired home has been lightly lived in for 25 years and offers an incredible opportunity for future development. Featuring 2-3 bedrooms, 2 baths, soaring vaulted ceilings and extensive custom woodwork, much of which was milled from trees on the property. Car enthusiasts and hobbyists will love the massive 1,200+ sq ft, 3-car garage with 12' ceilings, plus an attached carport. Cedar hardwood flooring, two new propane fireplaces, heat pump, 200amp service and a newer roof complete this unique, rural retreat. Set on a level, bright .99-acre lot with multiple potential build sites, this rare offering allows you to build your dream home while living on site (see RR-3 zoning for details). Close to Shawnigan Lake and just minutes from Mill Bay amenities. (id:65179)
Property details
From the listing's public record.
Lot size
0.99 acres
Year built
2001
Taxes
$4,424/yr
Zoning
Residential
Appliances
Heating
Cooling
Parking
Lot
Price history
1 recordEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Oct 7, 2026
Listed $999,900
Active23 days on marketMLS 1051736
How this listing compares
Based on 74 sales in Mill BayMedian sold
$1,150,000
Avg days on market
48 days
Avg sale-to-list
96.9%
Avg $/sqft
$412
Price per square foot
Above area average
Current market in Mill Bay
Active (same type)
12
Pending
0
All active listings
24
Months of supply
1.9
Seller's market — 1.9 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$781,000
Homes in Malahat & Area sell at 111.9% of assessed value on average.
Based on 218 recent sales.
Local price trend
How Mill Bay has moved over the last decade.
Local price index (normalized) · 118 months
Recent nearby sales
12 sales675 Kilmalu Rd
$835,000
2 bd · 2 ba · 2,464 sqft · $339/sqft · 33 days on market
Sold Oct 29, 2026 · 98.2% of list
3325 Telegraph Rd
$1,391,250
4 bd · 3 ba · 4,122 sqft · $338/sqft · 141 days on market
Sold Oct 29, 2026 · 97.3% of list
804 Bucktail Rd
$1,030,000
5 bd · 3 ba · 3,856 sqft · $267/sqft · 34 days on market
Sold Oct 8, 2026 · 97.3% of list
2497 Cayman Pl
$931,200
5 bd · 3 ba · 3,497 sqft · $266/sqft · 41 days on market
Sold Sep 30, 2026 · 98.2% of list
875 Pratt Rd
$1,285,000
3 bd · 3 ba · 3,746 sqft · $343/sqft · 11 days on market
Sold Sep 29, 2026 · 98.8% of list
2499 Blairgowrie Rd
$1,155,000
3 bd · 2 ba · 2,915 sqft · $396/sqft · 12 days on market
Sold Sep 28, 2026 · 100.4% of list
721 Noowick Rd
$775,000
3 bd · 2 ba · 2,507 sqft · $309/sqft · 17 days on market
Sold Sep 28, 2026 · 97% of list
946 Gillespie Pl
$1,506,500
4 bd · 4 ba · 4,071 sqft · $370/sqft · 52 days on market
Sold Sep 15, 2026 · 94.2% of list
2581 Seaview Rd
$999,000
3 bd · 4 ba · 2,301 sqft · $434/sqft · 9 days on market
Sold Sep 11, 2026 · 100.4% of list
2513 Glendoik Way
$1,045,000
4 bd · 3 ba · 2,340 sqft · $447/sqft · 63 days on market
Sold Sep 8, 2026 · 95% of list
2635 Mill Bay Rd
$1,240,000
4 bd · 4 ba · 2,886 sqft · $430/sqft · 57 days on market
Sold Sep 4, 2026 · 95.8% of list
2321 Boulding Rd
$1,950,000
4 bd · 3 ba · 4,798 sqft · $406/sqft · 168 days on market
Sold Sep 1, 2026 · 88.6% 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?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.
Listed by Macdonald Realty Victoria