Victoria Real Estate
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998 Gillespie Rd

$2,350,000

East Sooke

Condo5 bd · 3 ba · 2,403 sqftBuilt 2025$978/sqft8 days on market

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About this home

Set on a private, park like 5 acre oceanfront at the end of Sooke Basin, this extraordinary East Sooke property offers low bank waterfront and your own private beach, ideal for swimming, kayaking, and quiet sunset evenings. Complete privacy, complete serenity, and water at your doorstep. This custom log home, framed and built to lock up, was begun with a family legacy in mind, and the bones are already in place. It's set up for 4 to 5 bedrooms and 3 baths across 2,403 sq ft, with soaring 16' vaulted ceilings, expansive wood windows capturing panoramic ocean views, and a wraparound deck with balconies off the upstairs rooms. All work is covered under new home warranty, ready for the next owner to finish to their own vision. The offering also includes shared ownership of 60+ acres of preserved forest with a stream and pond, plus a 1/7 interest in a separate 10 acre parcel. Just 20 minutes to Sooke and Langford and 40 to Victoria. A rare opportunity to create a family estate, seasonal retreat, or legacy home of your own on one of the most private waterfront parcels in East Sooke. (id:65179)

Property details

From the listing's public record.

Lot size

5 acres

Year built

2025

Taxes

$7,381/yr

Strata / HOA

$220/month

Zoning

Residential

View

Ocean view

Waterfront

Waterfront on ocean

Parking

Open

Lot

AcreagePark settingPrivate settingSouthern exposureWooded areaRectangular

Style

Log house/cabin

Community

Family OrientedPets Allowed

Price history

4 records

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

  1. Oct 1, 2026

    Listed $2,350,000

    Active8 days on marketMLS 1051171
  2. Jun 25, 2026

    Listed $2,350,000

    Ddf_delisted98 days on marketMLS 1041412
  3. Mar 31, 2026

    Listed $2,495,000

    Ddf_delisted74 days on marketMLS 1030529
  4. Apr 25, 2025

    Listed $2,900,000

    Cancelled249 days on marketMLS 996658

How this listing compares

Based on 11 sales in Sooke

Median sold

$515,000

Avg days on market

56 days

Avg sale-to-list

97.2%

Avg $/sqft

$612

Price per square foot

This home: $978/sqftArea average: $612/sqft

Above area average

Current market in Sooke

Active (same type)

80

Pending

2

All active listings

289

Months of supply

87.3

Buyer's market — 87.3 months of supply at the current sales pace.

Assessment

From publicly available property records.

Assessed value

$1,700,000

Homes in Sooke sell at 104.2% of assessed value on average.

Based on 11 recent sales.

Local price trend

How East Sooke has moved over the last decade.

156247339Dec 2016Feb 2021Apr 2024

Local price index (normalized) · 9 months

Recent nearby sales

8 sales
  • 3-2045 Gatewood Rd

    $323,000

    2 bd · 1 ba · 1,606 sqft · $201/sqft · 46 days on market

    Sold Aug 14, 2026 · 93.6% of list

  • 302-6683 Horne Rd

    $649,900

    1 bd · 1 ba · 1,031 sqft · $630/sqft · 18 days on market

    Sold Jul 30, 2026 · 100% of list

  • 102-2057 Kaltasin Rd

    $365,000

    1 bd · 1 ba · 737 sqft · $495/sqft · 51 days on market

    Sold Jul 20, 2026 · 98.9% of list

  • 402-1820 Maple Ave

    $949,900

    2 bd · 2 ba · 1,116 sqft · $851/sqft · 55 days on market

    Sold Jun 5, 2026 · 100% of list

  • 203-6609 Goodmere Rd

    $607,500

    1 bd · 1 ba · 763 sqft · $796/sqft · 142 days on market

    Sold Jun 3, 2026 · 98.1% of list

  • 102-6671 Horne Rd

    $699,000

    2 bd · 2 ba · 872 sqft · $802/sqft · 50 days on market

    Sold May 19, 2026 · 98.5% of list

  • 8b-1000 Sookepoint Pl

    $950,000

    2 bd · 2 ba · 1,053 sqft · $902/sqft · 50 days on market

    Sold May 5, 2026 · 96.5% of list

  • 106-1987 Kaltasin Rd

    $400,000

    2 bd · 1 ba · 1,149 sqft · $348/sqft · 31 days on market

    Sold Apr 22, 2026 · 94.1% of list

What would this home cost?

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Monthly mortgage

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Loan amount

$2,350,000 − $470,000

$1,880,000

Down payment

20.0%

$470,000

Property Transfer Tax

$48,500

Legal / closing (est.)

$1,500

Cash to close

$520,000

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

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