
2509 Mill Bay Rd
$1,395,000
Mill Bay
Interested in this home?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.
About this home
**Price Reduced – Now $1,395,000 Experience one of Vancouver Island's most sought-after lifestyles in the heart of Mill Bay. Offering stunning ocean views, exceptional versatility, and walkable access to everyday amenities, this property represents a rare opportunity to enjoy coastal living without sacrificing convenience. Perfectly positioned just moments from groceries, restaurants, boutiques, marinas, wineries, and recreation, you'll enjoy the ideal balance of connection and tranquility—close enough for an easy commute to Victoria while feeling worlds away from the pace of city life. Spanning over 3,200 sq ft, this thoughtfully designed home offers 4 bedrooms and 4 bathrooms, including a flexible self-contained Airbnb/VRBO suite that generates income or provides an ideal setup for extended family, guests, or multigenerational living. A level, wheelchair-accessible entrance and main-floor living make the home comfortable and practical for every stage of life. Set on nearly half an acre of beautifully landscaped grounds, the property captures breathtaking panoramic views of the ocean and Mount Baker. Start each day with spectacular sunrises from the expansive east-facing balcony while eagles soar overhead and seals, herons, and even passing whales provide a constant connection to nature. Large view properties with income potential, accessibility features, and walkable access to Mill Bay's amenities are increasingly difficult to find. This is more than a home—it's a lifestyle investment offering flexibility, privacy, and unforgettable West Coast living. (id:65179)
Property details
From the listing's public record.
Lot size
17,424 square feet
Year built
1988
Taxes
$6,286/yr
Zoning
Residential
View
Appliances
Heating
Cooling
Lot
Style
Price history
4 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Jan 16, 2026
Listed $1,395,000
Active164 days on marketMLS 1023143Oct 23, 2025
Listed $1,485,000
Cancelled57 days on marketMLS 1018027Oct 29, 2020
$985,000
Sold229 days on marketMLS 832746Nov 14, 2003
$295,100
Sold2 days on marketMLS 322518
How this listing compares
Based on 63 sales in Mill BayMedian sold
$1,150,000
Avg days on market
52 days
Avg sale-to-list
97.1%
Avg $/sqft
$426
Price per square foot
Above area average
Current market in Mill Bay
Active (same type)
16
Pending
16
All active listings
30
Months of supply
3
Seller's market — 3 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$1,257,000
Land
$555,000
Improvements
$702,000
Homes in Malahat & Area sell at 106.1% of assessed value on average.
Based on 238 recent sales.
Local price trend
How Mill Bay has moved over the last decade.
Local price index (normalized) · 119 months
Recent nearby sales
12 sales856 Hayden Pl
$1,215,000
4 bd · 3 ba · 4,476 sqft · $271/sqft · 45 days on market
Sold Jun 29, 2026 · 99.7% of list
2565 Faulkner Pl
$1,150,000
3 bd · 3 ba · 2,962 sqft · $388/sqft · 17 days on market
Sold Jun 29, 2026 · 100% of list
2486 Glendoik Way
$1,230,000
5 bd · 3 ba · 2,944 sqft · $418/sqft · 44 days on market
Sold Jun 29, 2026 · 98.4% of list
2551 Stubbs Rd
$1,225,000
7 bd · 5 ba · 3,775 sqft · $325/sqft · 168 days on market
Sold Jun 26, 2026 · 98% of list
964 Gillespie Pl
$1,200,000
3 bd · 4 ba · 3,392 sqft · $354/sqft · 14 days on market
Sold Jun 15, 2026 · 98.4% of list
553 Sentinel Dr
$1,775,000
3 bd · 4 ba · 3,712 sqft · $478/sqft · 3 days on market
Sold Jun 10, 2026 · 95.9% of list
2851 Whiskey Point Rd
$3,000,000
5 bd · 3 ba · 4,109 sqft · $730/sqft · 95 days on market
Sold Jun 8, 2026 · 82.2% of list
2510 Boompond Rd
$1,185,000
4 bd · 3 ba · 4,719 sqft · $251/sqft · 99 days on market
Sold Jun 1, 2026 · 98.8% of list
2505 Fawn Rd
$988,400
4 bd · 3 ba · 2,993 sqft · $330/sqft · 7 days on market
Sold May 28, 2026 · 99.8% of list
1044 Briarwood Cres
$1,200,000
3 bd · 3 ba · 2,519 sqft · $476/sqft · 3 days on market
Sold May 28, 2026 · 100% of list
3080 Beachfront Cres
$5,034,750
5 bd · 5 ba · 5,300 sqft · $950/sqft · 93 days on market
Sold May 19, 2026 · 100.7% of list
669 Mill Bay Pl
$1,440,000
3 bd · 3 ba · 2,160 sqft · $667/sqft · 13 days on market
Sold May 15, 2026 · 99.4% of list
Interested in this home?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.