2788 Sheldrake Pl
$920,000
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9 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.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 $920,000
Active41 days on marketMLS 1041901Jun 30, 2026
Listed $920,000
Active41 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 75 sales in Mill BayMedian sold
$1,150,000
Avg days on market
47 days
Avg sale-to-list
97.1%
Avg $/sqft
$431
Price per square foot
Above area average
Current market in Mill Bay
Active (same type)
13
Pending
8
All active listings
29
Months of supply
2.1
Seller's market — 2.1 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$820,000
Homes in Malahat & Area sell at 110.8% of assessed value on average.
Based on 237 recent sales.
Local price trend
How Mill Bay has moved over the last decade.
Local price index (normalized) · 119 months
Recent nearby sales
12 sales943 Deloume Rd
$1,020,000
3 bd · 2 ba · 1,684 sqft · $606/sqft · 20 days on market
Sold Aug 10, 2026 · 98.1% of list
620 Kilmalu Rd
$810,000
2 bd · 1 ba · 1,043 sqft · $777/sqft · 15 days on market
Sold Aug 10, 2026 · 97.7% of list
612 Kilmalu Rd
$1,826,000
5 bd · 4 ba · 3,064 sqft · $596/sqft · 42 days on market
Sold Aug 5, 2026 · 93.6% of list
2484 Gibbs Pl
$1,240,000
3 bd · 3 ba · 2,883 sqft · $430/sqft · 21 days on market
Sold Aug 5, 2026 · 98% of list
880 Pratt Rd
$1,140,000
4 bd · 3 ba · 3,030 sqft · $376/sqft · 54 days on market
Sold Aug 4, 2026 · 99.1% of list
2905 Wilkinson Rd
$1,111,000
4 bd · 2 ba · 2,234 sqft · $497/sqft · 15 days on market
Sold Jul 31, 2026 · 101.5% of list
371 Mccurdy Dr
$1,290,000
4 bd · 5 ba · 6,039 sqft · $214/sqft · 41 days on market
Sold Jul 30, 2026 · 90.5% of list
2520 Staats Pl
$915,000
3 bd · 2 ba · 2,155 sqft · $425/sqft · 23 days on market
Sold Jul 29, 2026 · 97.3% of list
654 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
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
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
What would this home cost?
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Monthly mortgage
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Loan amount
$920,000 − $184,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$201,900
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?
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Listed by eXp Realty