An exceptional opportunity to secure 0.88 acres of oceanfront property in beautiful Maple Bay on Vancouver Island. The property features an older two-level log cottage built in 1975, requiring substantial renovation or removal. The value lies primarily in the waterfront land, with the potential to create a spectacular private estate. The steep terrain and site constraints will require significant investment in site preparation, waterfront access and future construction. Priced at $950,000, nearly $500,000 below the 2026 BC Assessment of $1,418,000, the offering reflects the property's condition, redevelopment potential and current market realities. For those with vision, this is a rare opportunity to secure a legacy oceanfront property in a beautiful West Coast setting. **Caution: The property has steep terrain. Exercise extreme care when viewing. The exterior deck is unsafe and must not be accessed.** (id:13843)
| MLS # | 1052305 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Year | 1975 |
| Days On Site | 9 |
| Listing Provided By | Sotheby's International Realty Canada | Dean Innes |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 2,152 |
| Car Port | Yes |
| Zoning | Residential |
| Acreage | 0.88 |
| Water Front | Yes |
| Property View | Ocean view |
| Cooling | None |
|---|---|
| Heating | Forced air, Oil |
| Fireplace Yes / No | Yes |
| Fireplaces Total | 2 |
| Lot Features | Wooded area, Other |
|---|
| Parking Features | Carport |
|---|---|
| Parking Total | 1 |
| Tax Annual Amount | 8879.81 |
|---|---|
| Tax Lot | 1 |
| Province | BC |
|---|---|
| City | Duncan |
| Postal Code | V9L5X6 |
| Listing VS Median (in V9L5X6) | |
Price: $950,000 low | high Med: $950,000 sqft: 2,152 low | high Med: 2,152 $ / sqft: $441 low | high Med: $441 On site: 9 low | high Med: 9 | |
| Province | BC |
|---|---|
| City | Duncan |
| Postal Code | V9L5X6 |
| Listing VS Median (in V9L5X6) | |
Price: $950,000 low | high Med: $950,000 sqft: 2,152 low | high Med: 2,152 $ / sqft: $441 low | high Med: $441 On site: 9 low | high Med: 9 | |