Open House Saturday July 4th, 11:30-1:30pm Mill Bay, Foreign Buyer Ban EXEMPT! Immaculate 3 bed, 2 bath rancher in sought-after Mill Springs offering effortless one-level living on a level, fully fenced sunny 0.27-acre lot. Beautifully maintained and extensively updated with over $70,000 in improvements over the past 3 years, including premium stainless appliances, on-demand hot water, expanded covered deck, hot tub, water filtration, upgraded lighting, telus fibre optic, landscaping and more. The bright, open-concept design features 10' ceilings, abundant natural light, chefs kitchen, stainless appliances, quartz countertops, a cozy gas fireplace, and sliding glass doors leading to the private back deck and southwest facing fenced yard. Spacious primary suite with walk-in closet and ensuite. Double garage, spacious crawl space, and plenty of room for children and pets. Minutes to shopping, marinas, golf, restaurants, public and private schools and recreation in the heart of Mill Bay.
Property details
3
Beds
2 full
Baths
1,684 ft²
Floor area
11,761 ft²
Lot size
2010
Year built
4
Parking
$13/mo
Strata fee
$5,016/yr
Gross tax
Location & structure
Single Family
Type
Yes
Garage
1
Fireplace
Mill Bay
Area
Contemporary
Style
Listed
June 30, 2026
Style
Contemporary
Structure
House
PID
027-576-167
Property highlights
Private yard
Hot tub
Double garage
High ceilings
Fireplace
Features & inclusions
Heating
Heat Pump, Baseboard heaters, Electric
Cooling
Fully air conditioned
Parking
Garage
Lot
Southern exposure, Other, Marine Oriented
Community
Family Oriented, Pets Allowed
Additional details
Common interest
Condo/Strata
Listed by Sotheby's International Realty Canada. Last updated Jun 30, 2026, 1:15 PM.
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.
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $207,980 down (20%) on $1,039,900, Canadian semi-annual compounding. Property tax sourced from listing. Strata fee sourced from listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Inventory mix
What this area trades in
Within 3 km of this listing · 44 listings
Detached
38
86.4%
Mobile home
4
9.1%
Land
2
4.5%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Cowichan Valley A · 540 dwellings
Single-detached355 · 65.7%
Movable dwelling115 · 21.3%
Low-rise apartment50 · 9.3%
Apartment in duplex15 · 2.8%
Row house5 · 0.9%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59190195· Cowichan Valley A· 2.73 km²
Median rent here
$1,360
Owner shelter cost
$670
Renters
8.2%
30%+ on shelter
13.6%
Population (2021)
1,197
Median age
56.4
Avg household size
2.2
Avg household income
$98,800
Renters
8.2%
Owners
92.7%
Immigrants
15.1%
Post-secondary
52.8%
Avg home value
$644,000
Single status
14.4%
Not in labour force
52.4%
Households with kids
24.5%
Median rent
$1,360
Owner shelter cost
$670
30%+ on shelter
13.6%
Breakdown
$15,000 to $19,999
15
2.8%
$20,000 to $24,999
30
5.7%
$25,000 to $29,999
15
2.8%
$30,000 to $34,999
20
3.8%
$35,000 to $39,999
20
3.8%
$40,000 to $44,999
20
3.8%
$45,000 to $49,999
30
5.7%
$50,000 to $59,999
25
4.7%
$60,000 to $69,999
35
6.6%
$70,000 to $79,999
35
6.6%
$80,000 to $89,999
30
5.7%
$90,000 to $99,999
35
6.6%
$100,000 to $124,999
60
11.3%
$125,000 to $149,999
40
7.5%
$150,000 to $199,999
75
14.2%
$200,000 and over
45
8.5%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59190195).
Market story
Rent in Cowichan Valley A
Census 2021 avg $1,360/mo here · Vancouver 3BR rent (est) trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
CMHCBritish Columbia outlook
British Columbia’s labour market expected to recover in 2026, but demographic factors will weigh on housing markets
British Columbia’s (B.C.) economy is expected to improve in 2026 after limited growth in 2025. As forecasted in our Housing Market Outlook summer 2025 update, a weak labour market and trade volatility were the main factors impacting B.C.’s economy in 2025.
From the CMHC Housing Market Outlook 2026 · Jan 2026
