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721 Noowick Rd

$849,000

Mill Bay

Detached3 bd · 2 ba · 2,127 sqftBuilt 1975$399/sqft26 days on market

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About this home

Set on nearly 2.5 acres, this rare offering presents an exceptional opportunity for those seeking space today and strong future upside. Offered for the first time, this custom-built home combines solid construction with outstanding potential for subdivision and redevelopment (buyer to verify). The home features 3 bedrooms total with 1 bathroom on the main floor, and a self-contained studio suite below, with a full bathroom that could be easily reconfigured into a 1-bed suite—ideal for extended family or rental income. Thoughtful updates include a durable metal roof, along with new windows and doors, enhancing both efficiency and long-term value. Serviced by both city water and a private well, the property offers flexibility and convenience rarely found in parcels of this size. With ample space for expansion, gardens, or future planning, this property is a compelling hold or development candidate in a growing area. Opportunities like this are increasingly hard to find—secure your stake in a property with immediate livability and significant long-term potential. (id:65179)

Property details

From the listing's public record.

Lot size

2.37 acres

Year built

1975

Taxes

$4,058/yr

Zoning

Residential

Appliances

RefrigeratorRange - ElectricFreezer

Heating

Heat PumpBaseboard heatersElectricWood

Cooling

Air Conditioned

Lot

AcreageWooded areaRectangular

Price history

4 records

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

Jun 25, 2026
Listed $849,000
Active26 days on marketMLS 1041588
Jun 11, 2026
Listed $899,000
Ddf_delisted14 days on marketMLS 1040212
May 20, 2026
Listed $949,000
Ddf_delisted16 days on marketMLS 1037396
May 8, 2026
Listed $995,000
Cancelled11 days on marketMLS 1036274

How this listing compares

Based on 71 sales in Mill Bay

Median sold

$1,150,000

Avg days on market

50 days

Avg sale-to-list

97%

Avg $/sqft

$423

Price per square foot

This home: $399/sqft·Area average: $423/sqft

Below area average

Current market in Mill Bay

Active (same type)

Pending

All active listings

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

$824,000

Homes in Malahat & Area sell at 110.3% of assessed value on average.

Based on 244 recent sales.

Local price trend

How Mill Bay has moved over the last decade.

Local price index (normalized) · 119 months

Recent nearby sales

12 sales

654 Sentinel Dr
$1,105,000
4 bd · 4 ba · 6,261 sqft · $176/sqft · 124 days on market
Sold Jul 20, 2026 · 100% of list
899 Frayne Rd
$1,446,000
5 bd · 4 ba · 5,432 sqft · $266/sqft · 40 days on market
Sold Jul 16, 2026 · 95.1% of list
3070 Beachfront Cres
$4,320,000
4 bd · 5 ba · 7,315 sqft · $591/sqft · 18 days on market
Sold Jul 15, 2026 · 96% of list
4-1723 Sandy Beach Rd
$1,118,800
2 bd · 2 ba · 1,719 sqft · $651/sqft · 72 days on market
Sold Jul 15, 2026 · 97.4% of list
1067 Briarwood Cres
$1,300,000
7 bd · 4 ba · 5,089 sqft · $255/sqft · 1 day on market
Sold Jul 15, 2026 · 100.1% of list
1186 Briarwood Dr
$850,000
4 bd · 3 ba · 2,165 sqft · $393/sqft · 73 days on market
Sold Jul 10, 2026 · 85.1% of list
2514 Kinnoull Cres
$1,035,000
4 bd · 3 ba · 2,575 sqft · $402/sqft · 9 days on market
Sold Jul 8, 2026 · 98.6% of list
2548 Stubbs Rd
$1,300,000
5 bd · 4 ba · 3,823 sqft · $340/sqft · 15 days on market
Sold Jul 6, 2026 · 100.1% of list
625 Sentinel Dr
$1,285,000
4 bd · 3 ba · 3,126 sqft · $411/sqft · 11 days on market
Sold Jun 30, 2026 · 99.6% of list
2486 Glendoik Way
$1,230,000
5 bd · 3 ba · 2,944 sqft · $418/sqft · 44 days on market
Sold Jun 29, 2026 · 98.4% of list
2565 Faulkner Pl
$1,150,000
3 bd · 3 ba · 2,962 sqft · $388/sqft · 17 days on market
Sold Jun 29, 2026 · 100% of list
856 Hayden Pl
$1,215,000
4 bd · 3 ba · 4,476 sqft · $271/sqft · 45 days on market
Sold Jun 29, 2026 · 99.7% of list

What would this home cost?

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Purchase price

Down payment

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Amortization (years)

Newly built / new constructionAdds 5% GST. Eligible for the Newly Built PTT exemption (≤ $1.1M full, partial to $1.15M).First-time home buyerEligible for the First-Time PTT exemption (≤ $835K full, partial to $860K). Only one exemption can apply per purchase.

Estimate

Monthly mortgage

—

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Loan amount

$849,000 − $169,800

$679,200

Down payment

20.0%

$169,800

Property Transfer Tax

$14,980

Legal / closing (est.)

$1,500

Cash to close

$186,280

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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721 Noowick Rd

Interested in this home?

About this home

Property details

Price history

How this listing compares

Current market in Mill Bay

Assessment

Local price trend

Recent nearby sales

What would this home cost?

Want a real rate?

More on this listing

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