517 Gurunank Lane
$499,900
Royal Bay
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About this home
Welcome to your dream location! This incredible building lot in the beautiful Royal Bay area offers panoramic ocean views that will take your breath away. Sitting on a generous lot size and situated in a prime location in Colwood, this is the perfect opportunity to build your dream home. The property comes with all services connected and is ready for construction. Plans available with purchase or customize your own dream home. Nestled in the heart of nature, this private and serene lot offers a peaceful and tranquil setting for your ideal coastal lifestyle. Picture waking up every morning to stunning ocean views and enjoying spectacular sunsets from your balcony! Located just a short drive from all amenities, including schools, shopping and restaurants, this lot provides both the privacy and the convenience that you're looking for in a location. Don’t miss out on this once-in-a0lifetime opportunity to make your ocean view home a reality! (id:65179)
Property details
From the listing's public record.
Lot size
4,392 square feet
Taxes
$2,337/yr
Strata / HOA
$189/month
Zoning
Residential
View
Lot
Community
Price history
5 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Apr 20, 2026
Listed $499,900
Active70 days on marketMLS 1032839Jul 4, 2024
Listed $1,599,900
Expired119 days on marketMLS 969565Mar 21, 2023
Listed $599,000
Expired101 days on marketMLS 927064Oct 27, 2021
Listed $519,000
Expired86 days on marketMLS 889184Aug 18, 2021
Listed $549,000
Expired35 days on marketMLS 884451
How this listing compares
Based on 8 sales in Royal BayMedian sold
$658,822
Avg days on market
80 days
Avg sale-to-list
100.6%
Avg $/sqft
$752
Current market in Royal Bay
Active (same type)
16
Pending
36
All active listings
45
Months of supply
24
Buyer's market — 24 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$547,000
Land
$547,000
Improvements
$0
Homes in Colwood sell at 100.8% of assessed value on average.
Based on 32 recent sales.
Local price trend
How Royal Bay has moved over the last decade.
Local price index (normalized) · 41 months
Recent nearby sales
12 sales203-3111c Havenwood Lane
$687,500
2 bd · 2 ba · 1,143 sqft · $601/sqft · 25 days on market
Sold Jun 18, 2026 · 98.2% of list
407-3223 Selleck Way
$633,000
2 bd · 2 ba · 1,055 sqft · $600/sqft · 34 days on market
Sold Jun 16, 2026 · 98.1% of list
102-3564 A Ryder Hesjedal Way
$677,000
2 bd · 2 ba · 1,179 sqft · $574/sqft · 266 days on market
Sold Jun 1, 2026 · 96.7% of list
414-611 Brookside Rd
$350,000
1 bd · 1 ba · 573 sqft · $611/sqft · 43 days on market
Sold May 26, 2026 · 94.6% of list
207-627 Brookside Rd
$508,000
2 bd · 2 ba · 850 sqft · $598/sqft · 75 days on market
Sold May 21, 2026 · 97.7% of list
309-360 Goldstream Ave
$425,000
2 bd · 1 ba · 874 sqft · $486/sqft · 17 days on market
Sold May 11, 2026 · 94.5% of list
213-2220 Sooke Rd
$480,000
2 bd · 2 ba · 1,023 sqft · $469/sqft · 85 days on market
Sold Apr 29, 2026 · 98.2% of list
106-3234 Holgate Lane
$865,000
2 bd · 2 ba · 1,577 sqft · $549/sqft · 12 days on market
Sold Apr 14, 2026 · 98.3% of list
102-3582 Ryder Hesjedal Way
$461,895
1 bd · 1 ba · 474 sqft · $974/sqft · 4 days on market
Sold Mar 31, 2026 · 102.7% of list
404-3234 Holgate Lane
$570,000
1 bd · 1 ba · 805 sqft · $708/sqft · 30 days on market
Sold Mar 30, 2026 · 95.2% of list
403-3223 Selleck Way
$1,084,900
2 bd · 2 ba · 1,787 sqft · $607/sqft · 41 days on market
Sold Mar 3, 2026 · 98.6% of list
202-3111a Havenwood Lane
$610,000
2 bd · 2 ba · 1,221 sqft · $500/sqft · 87 days on market
Sold Feb 13, 2026 · 96.8% of list
Interested in this home?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.
Listed by Pemberton Holmes Ltd.