
721 Noowick Rd
$799,000
Mill Bay
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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
$4,304/yr
Zoning
Residential
Appliances
Heating
Cooling
Lot
Price history
5 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Aug 4, 2026
Listed $799,000
Active6 days on marketMLS 1045015Jun 25, 2026
Listed $849,000
Ddf_delisted40 days on marketMLS 1041588Jun 11, 2026
Listed $899,000
Ddf_delisted14 days on marketMLS 1040212May 20, 2026
Listed $949,000
Ddf_delisted16 days on marketMLS 1037396May 8, 2026
Listed $995,000
Cancelled11 days on marketMLS 1036274
How this listing compares
Based on 75 sales in Mill BayMedian sold
$1,150,000
Avg days on market
47 days
Avg sale-to-list
97.1%
Avg $/sqft
$431
Price per square foot
Below area average
Current market in Mill Bay
Active (same type)
13
Pending
8
All active listings
29
Months of supply
2.1
Seller's market — 2.1 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$824,000
Homes in Malahat & Area sell at 110.8% of assessed value on average.
Based on 237 recent sales.
Local price trend
How Mill Bay has moved over the last decade.
Local price index (normalized) · 119 months
Recent nearby sales
12 sales943 Deloume Rd
$1,020,000
3 bd · 2 ba · 1,684 sqft · $606/sqft · 20 days on market
Sold Aug 10, 2026 · 98.1% of list
620 Kilmalu Rd
$810,000
2 bd · 1 ba · 1,043 sqft · $777/sqft · 15 days on market
Sold Aug 10, 2026 · 97.7% of list
612 Kilmalu Rd
$1,826,000
5 bd · 4 ba · 3,064 sqft · $596/sqft · 42 days on market
Sold Aug 5, 2026 · 93.6% of list
2484 Gibbs Pl
$1,240,000
3 bd · 3 ba · 2,883 sqft · $430/sqft · 21 days on market
Sold Aug 5, 2026 · 98% of list
880 Pratt Rd
$1,140,000
4 bd · 3 ba · 3,030 sqft · $376/sqft · 54 days on market
Sold Aug 4, 2026 · 99.1% of list
2905 Wilkinson Rd
$1,111,000
4 bd · 2 ba · 2,234 sqft · $497/sqft · 15 days on market
Sold Jul 31, 2026 · 101.5% of list
371 Mccurdy Dr
$1,290,000
4 bd · 5 ba · 6,039 sqft · $214/sqft · 41 days on market
Sold Jul 30, 2026 · 90.5% of list
2520 Staats Pl
$915,000
3 bd · 2 ba · 2,155 sqft · $425/sqft · 23 days on market
Sold Jul 29, 2026 · 97.3% of list
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
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
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
What would this home cost?
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Monthly mortgage
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Loan amount
$799,000 − $159,800
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$175,280
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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Interested in this home?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.