Set on nearly 2.5 acres, this rare offering presents an exceptional opportunity for those seeking space today and strong future upside. Offered for the first time, this custom-built home combines solid construction with outstanding potential for subdivision and redevelopment (buyer to verify).
The home features 3 bedrooms and 1 bathroom in the main, along with a studio suite below that could be reconfigured into a self-contained 1-bedroom, 1 bathroom suite—ideal for extended family or rental income. Thoughtful updates include a durable metal roof, along with new windows and doors, enhancing both efficiency and long-term value.
Serviced by both city water and a private well, the property offers flexibility and convenience rarely found in parcels of this size. With ample space for expansion, gardens, or future planning, this property is a compelling hold or development candidate in a growing area.
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Listed by RE/MAX Generation - The Neal Estate Group
Data was last updated May 9, 2026 at 08:05 PM (UTC)
Area Statistics
Listings on market:
51
Avg list price:
$1,219,000
Min list price:
$149,900
Max list price:
$5,985,000
Avg days on market:
54
Min days on market:
1
Max days on market:
185
Avg price per sq.ft.:
$470.65
These statistics are generated based on the current listing's property type
and located in
ML Mill Bay. Average values are
derived using median calculations. This data is not produced by
the MLS® system.