Victoria Real Estate
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2788 Sheldrake Pl

$999,999

Mill Bay

Detached2 bd · 1 ba · 912 sqftBuilt 2024$1,096/sqft1 day on market

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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

Baseboard heatersNatural gas

Price history

9 records

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

  1. Jun 30, 2026

    Listed $999,999

    Active1 days on marketMLS 1041901
  2. Jun 30, 2026

    Listed $999,999

    Active1 days on marketMLS 1041899
  3. Aug 8, 2025

    Listed $2,550,000

    Cancelled108 days on marketMLS 1007279
  4. May 28, 2025

    Listed $1,190,000

    Cancelled70 days on marketMLS 1000201
  5. May 28, 2025

    Listed $1,190,000

    Cancelled163 days on marketMLS 999923
  6. Mar 13, 2025

    Listed $1,190,000

    Expired60 days on marketMLS 991944
  7. Nov 27, 2024

    Listed $1,300,000

    Cancelled106 days on marketMLS 981401
  8. Oct 2, 2024

    Listed $1,300,000

    Cancelled54 days on marketMLS 977645
  9. Oct 20, 2022

    Listed $650,000

    Expired235 days on marketMLS 917461

How this listing compares

Based on 64 sales in Mill Bay

Median sold

$1,150,000

Avg days on market

51 days

Avg sale-to-list

97.2%

Avg $/sqft

$426

Price per square foot

This home: $1,096/sqftArea average: $426/sqft

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 market2.8 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.

5378102Aug 2016Jul 2021Jun 2026

Local price index (normalized) · 119 months

Recent nearby sales

12 sales
  • 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

  • 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

More on this listing

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