2788 Sheldrake Pl
$999,999
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
Welcome to 2788 Sheldrake Place, a rare opportunity to build your dream home on a beautiful 1 acre parcel in one of Mill Bay's most desirable locations. What sets this property apart is that much of the groundwork is already complete, with a beautifully finished carriage home and substantial shop ready for immediate use. The thoughtfully designed 2 bedroom carriage home features vaulted ceilings, in suite laundry, a custom fireplace, and comfortable modern living spaces. Live in it while you build, rent it out for supplemental income, accommodate family, or hold it as a valuable long term asset. The flexibility is exceptional. Below, the oversized two bay garage and shop offers 12 foot ceilings and abundant room for vehicles, equipment, storage, hobbies, or workshop space. Whether your vision is a custom estate home, a private family retreat, or a legacy property, this offering provides a unique head start. Enjoy the ability to move forward with your dream home while already having a quality residence and shop established on the property. Located just minutes from Mill Bay amenities, schools, shopping, marinas, and convenient access to Victoria, this is a rare opportunity to secure acreage, flexibility, and future potential in a highly sought after community. (id:65179)
Property details
From the listing's public record.
Lot size
1 acres
Year built
2024
Taxes
$2,589/yr
Zoning
Residential
Heating
Price history
9 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Jun 30, 2026
Listed $999,999
Active21 days on marketMLS 1041899Jun 30, 2026
Listed $999,999
Active21 days on marketMLS 1041901Aug 8, 2025
Listed $2,550,000
Cancelled108 days on marketMLS 1007279May 28, 2025
Listed $1,190,000
Cancelled70 days on marketMLS 1000201May 28, 2025
Listed $1,190,000
Cancelled163 days on marketMLS 999923Mar 13, 2025
Listed $1,190,000
Expired60 days on marketMLS 991944Nov 27, 2024
Listed $1,300,000
Cancelled106 days on marketMLS 981401Oct 2, 2024
Listed $1,300,000
Cancelled54 days on marketMLS 977645Oct 20, 2022
Listed $650,000
Expired235 days on marketMLS 917461
How this listing compares
Based on 71 sales in Mill BayMedian sold
$1,150,000
Avg days on market
50 days
Avg sale-to-list
97%
Avg $/sqft
$423
Price per square foot
Above area average
Current market in Mill Bay
Active (same type)
11
Pending
13
All active listings
26
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
$820,000
Homes in Malahat & Area sell at 110.3% of assessed value on average.
Based on 244 recent sales.
Local price trend
How Mill Bay has moved over the last decade.
Local price index (normalized) · 119 months
Recent nearby sales
12 sales654 Sentinel Dr
$1,105,000
4 bd · 4 ba · 6,261 sqft · $176/sqft · 124 days on market
Sold Jul 20, 2026 · 100% of list
899 Frayne Rd
$1,446,000
5 bd · 4 ba · 5,432 sqft · $266/sqft · 40 days on market
Sold Jul 16, 2026 · 95.1% of list
3070 Beachfront Cres
$4,320,000
4 bd · 5 ba · 7,315 sqft · $591/sqft · 18 days on market
Sold Jul 15, 2026 · 96% of list
4-1723 Sandy Beach Rd
$1,118,800
2 bd · 2 ba · 1,719 sqft · $651/sqft · 72 days on market
Sold Jul 15, 2026 · 97.4% of list
1067 Briarwood Cres
$1,300,000
7 bd · 4 ba · 5,089 sqft · $255/sqft · 1 day on market
Sold Jul 15, 2026 · 100.1% of list
1186 Briarwood Dr
$850,000
4 bd · 3 ba · 2,165 sqft · $393/sqft · 73 days on market
Sold Jul 10, 2026 · 85.1% of list
2514 Kinnoull Cres
$1,035,000
4 bd · 3 ba · 2,575 sqft · $402/sqft · 9 days on market
Sold Jul 8, 2026 · 98.6% of list
2548 Stubbs Rd
$1,300,000
5 bd · 4 ba · 3,823 sqft · $340/sqft · 15 days on market
Sold Jul 6, 2026 · 100.1% of list
625 Sentinel Dr
$1,285,000
4 bd · 3 ba · 3,126 sqft · $411/sqft · 11 days on market
Sold Jun 30, 2026 · 99.6% 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
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
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
What would this home cost?
Estimate your monthly payment and total cash to close on this property — BC Property Transfer Tax included. Adjust the numbers for your situation.
Toggle to enter as % or $ — the other field updates automatically.
We don't guess a rate — talk to a broker for current Island rates and what you'd actually qualify for.
Estimate
Monthly mortgage
—
Enter a rate to see the payment.
Loan amount
$999,999 − $200,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$219,500
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.
Want a real rate?
Connect with a local mortgage broker for current rates and what you'd actually qualify for.
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