- Active
2483 Arken Terrace
Mill Bay · Single Family
- Beds
- 3
- Baths
- 2
- Sqft
- 1,558
- Built
- 2001
Listed by Macdonald Realty Victoria · MLS® 1051736
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Sign inAbout this home
Great live/work opportunity in Mill Bay! Custom built by the area’s original developers, this cozy West Coast inspired home has been lightly lived in for 25 years and offers an incredible opportunity for future development. Featuring 2-3 bedrooms, 2 baths, soaring vaulted ceilings and extensive custom woodwork, much of which was milled from trees on the property. Car enthusiasts and hobbyists will love the massive 1,200+ sq ft, 3-car garage with 12' ceilings, plus an attached carport. Cedar hardwood flooring, two new propane fireplaces, heat pump, 200amp service and a newer roof complete this unique, rural retreat. Set on a level, bright .99-acre lot with multiple potential build sites, this rare offering allows you to build your dream home while living on site (see RR-3 zoning for details). Close to Shawnigan Lake and just minutes from Mill Bay amenities.
Home facts
- Bedrooms
- 3
- Bathrooms
- 2 full
- Interior
- 1,558 sq ft
- Year built
- 2001
- Parking
- 10
- Property type
- Single Family
- Garage
- Yes
- Carport
- Yes
- Fireplaces
- 2
- Area
- Mill Bay
- Listed
- October 7, 2026
- Structure
- House
- PID
- 026-555-921
- Common interest
- Freehold
Highlights
- High ceilings
Features and inclusions
- Appliances
- Washer, Range - Electric, Dishwasher, Dryer
- Heating
- Heat Pump, Baseboard heaters, Electric, Propane
- Cooling
- Wall unit, Air Conditioned
- Parking
- Attached Garage, Garage, Carport, RV, Electric Vehicle Charging Station(s)
- Lot
- Cul-de-sac, Level lot, Park setting, Wooded area, Partially cleared, Other, 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
- $4,739
- Property tax
- $292/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $5,181
Purchase snapshot
- List price
- $999,900
- Down payment
- $199,980 (20%)
- Estimated mortgage
- $799,920
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
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
- Low 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 · 67%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.
