
319 Stebbings Rd
$2,499,900
Shawnigan
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About this home
We just found your DREAM HOME! 5-bed, 4-bath modern country home plus a fully permitted 4-suite carriage home on 5 private acres in Shawnigan Lake — a rare Vancouver Island estate offering luxury family living, multi-generational flexibility & strong rental income on a single title. The 4,082 sqft main residence features 10-ft & vaulted ceilings, wide-plank floors & a chef's kitchen w/ stone counters, stainless appliances, large island & walk-in pantry. Main floor opens to a stone fireplace great room, formal dining, family room, den, mudroom, full bath & laundry — built for entertaining & everyday family living. Spa-inspired primary ensuite, generous secondary bedrooms & a self-contained in-law suite easily connected to the main home. The new 2,644 sqft carriage home delivers 4 identical 2-bed/1-bath suites, each w/ private entry, deck, full kitchen, in-suite laundry, dedicated parking, on-demand hot water & forest outlooks — currently generating $7,200/mo, w/ total property revenue potential of $14,000/mo. Major upgrades include 2 heat pumps, 2 furnaces, new septic, dual UV water system, new cistern, electrical upgrade, refreshed decks, fencing, landscaping, vegetable garden, pond & 2-car garage plus ample parking. Surrounded by mountain peaks & old-growth forest, minutes to Shawnigan Lake, hiking trails, ocean access & Mill Bay village, w/ quick highway access to Victoria, Langford & Duncan. Close to Shawnigan Lake School & Brentwood College, and an easy commute to BC Ferries & Victoria International Airport. A peaceful West Coast lifestyle property on Southern Vancouver Island offering privacy, proven cash flow, modern comfort & room to grow — ideal for multi-generational families, investors or buyers seeking a turnkey country estate w/ revenue in the heart of Shawnigan Lake. TOO MUCH TO MENTION HERE. PLEASE SEE OUR BROCHURE or call to book your private viewing 250-588-4259 (id:65179)
Property details
From the listing's public record.
Lot size
5 acres
Year built
2007
Taxes
$11,618/yr
Zoning
Residential
View
Appliances
Heating
Cooling
Lot
Style
Security
Price history
4 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
May 16, 2026
Listed $2,499,900
Active44 days on marketMLS 1037133Mar 27, 2026
Listed $2,750,000
CancelledMLS 1030236Jan 22, 2026
Listed $2,545,000
Cancelled64 days on marketMLS 1023906Oct 23, 2025
Listed $2,595,000
Cancelled90 days on marketMLS 1017798
How this listing compares
Based on 83 sales in ShawniganMedian sold
$950,000
Avg days on market
52 days
Avg sale-to-list
97.4%
Avg $/sqft
$462
Price per square foot
Below area average
Current market in Shawnigan
Active (same type)
32
Pending
13
All active listings
54
Months of supply
4.6
Balanced market — 4.6 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$2,324,000
Land
$739,000
Improvements
$1,585,000
Homes in Malahat & Area sell at 106.1% of assessed value on average.
Based on 238 recent sales.
Local price trend
How Shawnigan has moved over the last decade.
Local price index (normalized) · 119 months
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Interested in this home?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.