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721 Noowick Rd

$799,000

Mill Bay

Detached3 bd · 2 ba · 2,127 sqftBuilt 1975$376/sqft6 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

$4,304/yr

Zoning

Residential

Appliances

RefrigeratorRange - ElectricFreezer

Heating

Heat PumpBaseboard heatersElectricWood

Cooling

Air Conditioned

Lot

AcreageWooded areaRectangular

Price history

5 records

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

  1. Aug 4, 2026

    Listed $799,000

    Active6 days on marketMLS 1045015
  2. Jun 25, 2026

    Listed $849,000

    Ddf_delisted40 days on marketMLS 1041588
  3. Jun 11, 2026

    Listed $899,000

    Ddf_delisted14 days on marketMLS 1040212
  4. May 20, 2026

    Listed $949,000

    Ddf_delisted16 days on marketMLS 1037396
  5. May 8, 2026

    Listed $995,000

    Cancelled11 days on marketMLS 1036274

How this listing compares

Based on 75 sales in Mill Bay

Median sold

$1,150,000

Avg days on market

47 days

Avg sale-to-list

97.1%

Avg $/sqft

$431

Price per square foot

This home: $376/sqftArea average: $431/sqft

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 market2.1 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.

5378102Sep 2016Aug 2021Jul 2026

Local price index (normalized) · 119 months

Recent nearby sales

12 sales
  • 943 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

$639,200

Down payment

20.0%

$159,800

Property Transfer Tax

$13,980

Legal / closing (est.)

$1,500

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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More on this listing

Interested in this home?

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