About 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. *OPEN HOUSE 11:00am - 12:30pm*

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: November 11, 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

Listed by Macdonald Realty Victoria. Last updated Nov 11, 2026, 9:30 AM.

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: $4,502
Property tax: $275/mo
Home insurance: $150/mo
Estimated monthly total: $4,927

Purchase snapshot

List price: $949,900
Down payment: $189,980 (20%)
Estimated mortgage: $759,920

Estimates only. They leave out utilities, upkeep and closing costs.

Stress test this mortgage

Neighbourhood

Open the map

Walk to Thrifty Foods29 min

Bike to nearest SkyTrain station1h 23m

Walk to nearest SkyTrain station4h 36m

Drive to downtown Vancouver3h 9m

Estimated travel times. Map data © OpenStreetMap contributors.

Most listed

Detached · 69%

Homes for sale nearby, by type

Detached27 for sale

Land6 for sale

Townhouse3 for sale

Mobile home2 for sale

Condo / Apartment1 for sale

Active listings within 3 km of this home.

Homes built in Cowichan Valley A, by type

Single-detached57.8% · 185

Movable dwelling35.9% · 115

Semi-detached3.1% · 10

Apartment in duplex1.6% · 5

Other single-attached1.6% · 5

Source: Statistics Canada, 2021 Census of Population. 320 dwellings.

Who lives here

Statistics Canada area 59190200 · Cowichan Valley A

Median age: 50
Renter households: 7%
Average household size: 2.3
Median household income: $84,000

Population (2021): 763
Median rent: $1,210
Owner shelter cost: $1,090
30%+ of income on shelter: 18%
Owner households: 93%
Households with kids: 31%
Immigrants: 7%
Post-secondary: 52%
Average home value (2021): $645,000

Breakdown

$10,000 to $14,9991.6% · 5

$15,000 to $19,9993.1% · 10

$20,000 to $24,9991.6% · 5

$25,000 to $29,9993.1% · 10

$30,000 to $34,9993.1% · 10

$35,000 to $39,9991.6% · 5

$40,000 to $44,9991.6% · 5

$45,000 to $49,9993.1% · 10

$50,000 to $59,9997.8% · 25

$60,000 to $69,9997.8% · 25

$70,000 to $79,99910.9% · 35

$80,000 to $89,9997.8% · 25

$90,000 to $99,9996.3% · 20

$100,000 to $124,99912.5% · 40

$125,000 to $149,9997.8% · 25

$150,000 to $199,9999.4% · 30

$200,000 and over10.9% · 35

Source: Statistics Canada, 2021 Census Profile, dissemination area 59190200.

Documents

Pick the records you want. Ray Rasouli will email what the listing brokerage shares.

Property disclosure statementReview seller-disclosed conditions and known defects.
Title searchReview registered ownership, charges, easements, and covenants.
Inspection reportsReview available property-condition findings.
Building and renovation permitsConfirm that significant work was properly permitted.
Survey or site planReview boundaries, structures, and encroachments.

Availability is not guaranteed. Review documents with a professional.

2483 Arken Terrace

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