488 Regency Pl
$1,488,800
Royal Bay
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About this home
All the upgrades are here! Move right into this beautiful “like new” West Coast contemporary build! Built in 2016, this home offers 2,700sf of meticulous living w/ 3BR & 3BA in the main house plus a legal 1-BR ground-level suite. The open living area features over-height ceilings, wide-plank wood floors & a gas fireplace. Enjoy ocean views from multiple spots throughout the home. Modern 2-tone kitchen includes open shelving, a pantry, quartz counters, stainless appliances & an island w/prep sink. Formal dining flows to a tiered deck and patio, perfect for summertime entertaining. The beautifully landscape & fenced yard includes multiple zone irrigation system, garden boxes, sheds, & a greenhouse. Primary suite offers WIC, double-shower/sink ensuite & water views. Bonus: a double garage & massive parking (6), including RV/boat space. Too many upgrades to list! Located in quiet, sought-after Parkside at Royal Bay. A perfect Family/Income or Generational home. This gem won’t last. (id:65179)
Property details
From the listing's public record.
Lot size
5,737 square feet
Year built
2016
Taxes
$7,095/yr
Zoning
Residential
Appliances
Heating
Cooling
Lot
Style
Price history
2 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Aug 7, 2026
Listed $1,488,800
Active3 days on marketMLS 1045171May 31, 2016
$684,950
SoldMLS 716348
How this listing compares
Based on 51 sales in Royal BayMedian sold
$1,332,000
Avg days on market
46 days
Avg sale-to-list
98.5%
Avg $/sqft
$416
Price per square foot
Above area average
Current market in Royal Bay
Active (same type)
11
Pending
8
All active listings
28
Months of supply
2.6
Seller's market — 2.6 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$1,411,000
Homes in Colwood sell at 107.6% of assessed value on average.
Based on 165 recent sales.
Local price trend
How Royal Bay has moved over the last decade.
Local price index (normalized) · 117 months
Recent nearby sales
12 sales3387 Ryder Hesjedal Way
$1,430,000
4 bd · 4 ba · 2,933 sqft · $488/sqft · 34 days on market
Sold Jul 28, 2026 · 95.4% of list
228 Caspian Dr
$1,065,000
4 bd · 4 ba · 2,535 sqft · $420/sqft · 102 days on market
Sold Jul 27, 2026 · 99.6% of list
224 Caspian Dr
$1,099,000
4 bd · 4 ba · 2,820 sqft · $390/sqft · 32 days on market
Sold Jul 23, 2026 · 100% of list
452 Pelican Dr
$2,285,000
6 bd · 6 ba · 6,735 sqft · $339/sqft · 19 days on market
Sold Jul 21, 2026 · 99.3% of list
3589 Temperate Pl
$1,275,000
4 bd · 4 ba · 3,091 sqft · $412/sqft
Sold Jul 15, 2026 · 100% of list
364 Kestrel St
$1,120,000
3 bd · 3 ba · 3,116 sqft · $359/sqft · 29 days on market
Sold Jul 8, 2026 · 95.3% of list
3475 Trumpeter St
$1,315,000
5 bd · 3 ba · 2,834 sqft · $464/sqft · 78 days on market
Sold Jul 3, 2026 · 97.4% of list
3604 Temperate Pl
$1,675,000
6 bd · 6 ba · 4,125 sqft · $406/sqft · 1 day on market
Sold Jul 2, 2026 · 100% of list
3603 Temperate Pl
$1,675,000
5 bd · 5 ba · 3,903 sqft · $429/sqft · 135 days on market
Sold Jun 30, 2026 · 100% of list
485 Outrigger Loop
$1,280,000
4 bd · 4 ba · 3,649 sqft · $351/sqft · 15 days on market
Sold Jun 30, 2026 · 98.5% of list
173 Caspian Dr
$1,167,000
4 bd · 4 ba · 3,001 sqft · $389/sqft · 42 days on market
Sold Jun 25, 2026 · 97.3% of list
3365 Sandpiper St
$1,315,000
4 bd · 4 ba · 4,223 sqft · $311/sqft · 62 days on market
Sold Jun 24, 2026 · 99.3% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$1,488,800 − $297,760
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$327,036
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 Royal LePage Coast Capital - Sooke