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2509 Mill Bay Rd

$1,395,000

Mill Bay

Detached4 bd · 4 ba · 3,241 sqftBuilt 1988$430/sqft164 days on market

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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

Ocean view

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

Heat PumpBaseboard heatersElectricPropane

Cooling

Air Conditioned

Lot

Rectangular

Style

Westcoast

Price history

4 records

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

  1. Jan 16, 2026

    Listed $1,395,000

    Active164 days on marketMLS 1023143
  2. Oct 23, 2025

    Listed $1,485,000

    Cancelled57 days on marketMLS 1018027
  3. Oct 29, 2020

    $985,000

    Sold229 days on marketMLS 832746
  4. Nov 14, 2003

    $295,100

    Sold2 days on marketMLS 322518

How this listing compares

Based on 63 sales in Mill Bay

Median sold

$1,150,000

Avg days on market

52 days

Avg sale-to-list

97.1%

Avg $/sqft

$426

Price per square foot

This home: $430/sqftArea average: $426/sqft

Above area average

Current market in Mill Bay

Active (same type)

16

Pending

16

All active listings

30

Months of supply

3

Seller's market3 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.

5377102Jul 2016Jun 2021May 2026

Local price index (normalized) · 119 months

Recent nearby sales

12 sales
  • 856 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

More on this listing

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