2722 Gibson Pl
$485,000
Shawnigan
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About this home
Build your dream home just a short walk from the water, without the waterfront price tag. This exceptional, flat and cleared lot is fully serviced and has undergone approximately $150,000 in improvements and transformation over the past few years. A new septic system is in place, with BC Hydro power brought to the lot. The property is fully enclosed with a wrapped metal fence and gated entry, and perimeter drainage has been installed. Zoned R3 and ready for your vision, this property offers an excellent opportunity to create a custom residence in a highly desirable lake community. CVRD-approved renderings for a potential building development permit are available in our file supplements or through your REALTOR®. Enjoy an enviable location just minutes on foot from the Village, volleyball courts, Masons Beach, the boat launch, and all the recreational amenities that come with lakeside living. A rare opportunity to secure a well-prepared building lot in a sought-after area and bring your vision to life. (id:65179)
Property details
From the listing's public record.
Lot size
7,800 square feet
Taxes
$2,676/yr
Zoning
Residential
View
Lot
Price history
6 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Sep 8, 2026
Listed $485,000
Active12 days on marketMLS 1048763Jul 19, 2025
Listed $549,900
Cancelled114 days on marketMLS 1008094Jan 1, 2025
Listed $549,900
Expired180 days on marketMLS 983517Jan 15, 2024
Listed $549,900
Expired335 days on marketMLS 951167Mar 13, 2023
Listed $549,900
Expired293 days on marketMLS 926462Jul 26, 2021
$385,000
Sold42 days on marketMLS 877209
How this listing compares
Based on 11 sales in Malahat & AreaMedian sold
$950,000
Avg days on market
91 days
Avg sale-to-list
92.4%
Avg $/sqft
—
Current market in Malahat & Area
Active (same type)
19
Pending
0
All active listings
135
Months of supply
20.7
Buyer's market — 20.7 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$389,000
Homes in Malahat & Area sell at 431.4% of assessed value on average.
Based on 11 recent sales.
Recent nearby sales
4 sales2871 Whiskey Point Rd
$1,850,000
— · — · — · 25 days on market
Sold Aug 11, 2026 · 109% of list
1894 Lakewood Rd
$825,000
— · — · — · 64 days on market
Sold May 6, 2026 · 68.8% of list
0 Trans Canada Hwy
$1,300,000
— · — · — · 44 days on market
Sold Apr 15, 2026 · 92.9% of list
Lot 11 Thain Rd
$950,000
— · — · — · 285 days on market
Sold Apr 15, 2026 · 86.4% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$485,000 − $97,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$106,200
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 eXp Realty