
2788 Sheldrake Pl
$999,999
Mill Bay
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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9 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.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
Active1 days on marketMLS 1041901Jun 30, 2026
Listed $999,999
Active1 days on marketMLS 1041899Aug 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 64 sales in Mill BayMedian sold
$1,150,000
Avg days on market
51 days
Avg sale-to-list
97.2%
Avg $/sqft
$426
Price per square foot
Above area average
Current market in Mill Bay
Active (same type)
15
Pending
16
All active listings
32
Months of supply
2.8
Seller's market — 2.8 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$820,000
Homes in Malahat & Area sell at 106% of assessed value on average.
Based on 242 recent sales.
Local price trend
How Mill Bay has moved over the last decade.
Local price index (normalized) · 119 months
Recent nearby sales
12 sales625 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
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
Interested in this home?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.