- Active
131 Milburn Drive
Colwood · Single Family
- Beds
- 4
- Baths
- 3
- Sqft
- 3,000
- Built
- 1954
Listed by RE/MAX Camosun · MLS® 1049364
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Sign inAbout this home
Set in a desirable Colwood location with ocean and lagoon views, 131 Milburn Dr offers a spacious and flexible layout. Whether you choose to renovate the existing home or explore redevelopment possibilities, this property presents an exciting opportunity in a fantastic location. The bright main level features a generous living room with fireplace and large windows, a separate dining area, and an oversized kitchen with abundant cabinetry and an island. Sliding doors open to a patio where you can relax and enjoy the views. Three bedrooms are located on the main floor, including a primary bedroom with ensuite, plus an additional full bathroom. The lower level offers more versatility with a bedroom, flex room, kitchenette, living and dining areas, bathroom, laundry, workshop, and separate entry, making it well suited for extended family, guests, or additional living space. A carport, mature landscaping, and approximately 2,614 sq. ft. of finished living space complete this unique property.
Home facts
- Bedrooms
- 4
- Bathrooms
- 3 full
- Interior
- 3,000 sq ft
- Lot size
- 11,610 sq ft
- Year built
- 1954
- Parking
- 5
- Property type
- Single Family
- Garage
- Yes
- Carport
- Yes
- Fireplace
- 1
- Area
- Lagoon
- Listed
- September 15, 2026
- Structure
- House
- PID
- 007-102-984
- Common interest
- Freehold
Highlights
- Ocean view
- Patio
- Fireplace
Features and inclusions
- Appliances
- Washer, Refrigerator, Dishwasher, Dryer, Oven - Built-In
- Heating
- Baseboard heaters, Hot Water
- Cooling
- None
- Parking
- Attached Garage, Carport, RV
- Lot
- Curb & gutter, Private setting, Rectangular
Rooms and building
- Water
- Zoning
- Residential
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $5,451
- Property tax
- $333/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $5,934
Purchase snapshot
- List price
- $1,150,000
- Down payment
- $230,000 (20%)
- Estimated mortgage
- $920,000
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $5,436
- At 4.7271 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Extreme risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Detached · 42%
Who lives here
Documents
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Availability is not guaranteed. Review documents with a professional.