2788 Sheldrake Pl
$889,999
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
$4,572/yr
Zoning
Residential
Heating
Parking
Price history
11 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Sep 17, 2026
Listed $889,999
Active43 days on marketMLS 1049848Sep 17, 2026
Listed $889,999
Active43 days on marketMLS 1049895Jun 30, 2026
Listed $920,000
Ddf_delisted79 days on marketMLS 1041899Jun 30, 2026
Listed $920,000
Ddf_delisted79 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 74 sales in Mill BayMedian sold
$1,150,000
Avg days on market
48 days
Avg sale-to-list
96.9%
Avg $/sqft
$412
Price per square foot
Above area average
Current market in Mill Bay
Active (same type)
12
Pending
0
All active listings
24
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 111.9% of assessed value on average.
Based on 218 recent sales.
Local price trend
How Mill Bay has moved over the last decade.
Local price index (normalized) · 118 months
Recent nearby sales
12 sales675 Kilmalu Rd
$835,000
2 bd · 2 ba · 2,464 sqft · $339/sqft · 33 days on market
Sold Oct 29, 2026 · 98.2% of list
3325 Telegraph Rd
$1,391,250
4 bd · 3 ba · 4,122 sqft · $338/sqft · 141 days on market
Sold Oct 29, 2026 · 97.3% of list
804 Bucktail Rd
$1,030,000
5 bd · 3 ba · 3,856 sqft · $267/sqft · 34 days on market
Sold Oct 8, 2026 · 97.3% of list
2497 Cayman Pl
$931,200
5 bd · 3 ba · 3,497 sqft · $266/sqft · 41 days on market
Sold Sep 30, 2026 · 98.2% of list
875 Pratt Rd
$1,285,000
3 bd · 3 ba · 3,746 sqft · $343/sqft · 11 days on market
Sold Sep 29, 2026 · 98.8% of list
2499 Blairgowrie Rd
$1,155,000
3 bd · 2 ba · 2,915 sqft · $396/sqft · 12 days on market
Sold Sep 28, 2026 · 100.4% of list
721 Noowick Rd
$775,000
3 bd · 2 ba · 2,507 sqft · $309/sqft · 17 days on market
Sold Sep 28, 2026 · 97% of list
946 Gillespie Pl
$1,506,500
4 bd · 4 ba · 4,071 sqft · $370/sqft · 52 days on market
Sold Sep 15, 2026 · 94.2% of list
2581 Seaview Rd
$999,000
3 bd · 4 ba · 2,301 sqft · $434/sqft · 9 days on market
Sold Sep 11, 2026 · 100.4% of list
2513 Glendoik Way
$1,045,000
4 bd · 3 ba · 2,340 sqft · $447/sqft · 63 days on market
Sold Sep 8, 2026 · 95% of list
2635 Mill Bay Rd
$1,240,000
4 bd · 4 ba · 2,886 sqft · $430/sqft · 57 days on market
Sold Sep 4, 2026 · 95.8% of list
2321 Boulding Rd
$1,950,000
4 bd · 3 ba · 4,798 sqft · $406/sqft · 168 days on market
Sold Sep 1, 2026 · 88.6% 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
$889,999 − $178,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$195,300
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