4328 Trans Canada Hwy
$1,325,000
Malahat Proper
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About this home
High above Saanich Inlet, this 10-acre waterfront property offers incredible potential, privacy, and a spectacular Vancouver Island setting. Located just past Aspen Road, approximately 10 minutes from Shawnigan Lake and 15 minutes from Langford, the property features over 300 feet of waterfront, marketable timber, and a drilled well. The four-bedroom, three-bathroom home offers generous living space, a spacious upper deck where you can take in the views and watch the world go by as well as a large detached almost commercial sized workshop with 200amp service. The home does require some updates however the opportunity to make it your own is undeniable. The sloping terrain features a hiking trail leading down to the beach, providing access to the shoreline. A rare opportunity to secure a substantial waterfront acreage with outstanding potential. (id:65179)
Property details
From the listing's public record.
Lot size
10 acres
Year built
1982
Taxes
$5,049/yr
Zoning
Residential
View
Waterfront
Heating
Parking
Lot
Pool
Price history
2 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Oct 22, 2026
Listed $1,325,000
Active8 days on marketMLS 1052921May 28, 2020
$619,000
Sold434 days on marketMLS 806709
How this listing compares
Based on 259 sales in Malahat & AreaMedian sold
$1,050,000
Avg days on market
54 days
Avg sale-to-list
97%
Avg $/sqft
$395
Price per square foot
In line with area average
Current market in Malahat & Area
Active (same type)
51
Pending
2
All active listings
116
Months of supply
2.4
Seller's market — 2.4 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$1,407,000
Homes in Malahat & Area sell at 111.9% of assessed value on average.
Based on 218 recent sales.
Local price trend
How Malahat Proper has moved over the last decade.
Local price index (normalized) · 118 months
Recent nearby sales
12 sales3445 Cobble Hill Rd
$1,280,000
6 bd · 4 ba · 4,278 sqft · $299/sqft · 68 days on market
Sold Oct 29, 2026 · 94.9% 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
675 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
3883 Red Baron Rd
$800,000
3 bd · 3 ba · 2,894 sqft · $276/sqft · 59 days on market
Sold Oct 27, 2026 · 94.2% of list
1841 Radway Rd
$950,000
5 bd · 3 ba · 2,534 sqft · $375/sqft · 28 days on market
Sold Oct 23, 2026 · 95% of list
3590 Garland Ave
$680,000
3 bd · 2 ba · 2,882 sqft · $236/sqft · 74 days on market
Sold Oct 22, 2026 · 97.8% of list
1846 Elford Rd
$1,725,000
5 bd · 4 ba · 4,161 sqft · $415/sqft · 118 days on market
Sold Oct 21, 2026 · 95.9% of list
2686 Morningstar Rd
$839,900
4 bd · 3 ba · 2,800 sqft · $300/sqft · 16 days on market
Sold Oct 20, 2026 · 100% of list
1630 Kristin Way
$675,000
3 bd · 2 ba · 1,340 sqft · $504/sqft · 26 days on market
Sold Oct 16, 2026 · 99.4% of list
1629 Kristin Way
$650,000
3 bd · 2 ba · 1,631 sqft · $399/sqft · 30 days on market
Sold Oct 14, 2026 · 100.2% 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
3378 Kilipi Rd
$1,236,000
3 bd · 3 ba · 2,226 sqft · $555/sqft · 30 days on market
Sold Oct 7, 2026 · 95.4% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$1,325,000 − $265,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$291,000
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 Macdonald Realty Victoria