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2 Bed Land in Malahat & Area

$1,190,000 - ML# 999923
Lot 10 Sheldrake Pl
Malahat & Area - ML Mill Bay

This is only a guide. Please verify this information with your mortgage specialist.

Here’s your opportunity to own a versatile Mill Bay acreage, complete with a beautifully finished carriage home and a massive shop already in place. Unlike bare land lots, this property offers a range of financing options—including standard and construction mortgages—thanks to the existing dwelling. The standout feature is the stylish 2-bedroom carriage home, featuring vaulted ceilings, in-suite laundry, and a cozy custom fireplace—ideal for guests, rental income, or comfortable on-site living during construction. Below, the oversized two-bay garage/shop boasts soaring 12-foot ceilings, making it a perfect space for hobbies, storage, or a workshop. Whether you collaborate with the developer on a thoughtfully designed home plan or bring your own vision to life, this property is ready when you are. Acreage. Income. Opportunity. Don’t miss your chance to secure a rare and flexible offering in a peaceful, well-connected Mill Bay location.

Real Estate Type:
Land 
Layout:
Other 
Bedroom(s):
2 
Bathroom(s):
1 
Finished Sq. Ft.:
912 
Unfinished Sq. Ft.:
912 
Taxes:
$2,144.18 (2024) 
Year Built:
2025 
Elementary School:
 
Junior School:
 
Senior School:
 

Interior Details

Main Level:
 
Fireplace(s):
1 
Bedroom(s):
2 
Bathroom(s):
1 
Basement Height:
12 ft - 0 in
Basement Description:
Walk-Out Access,Other 
Interior Features:
Vaulted Ceiling(s) 
Appliances Included:
 

Building Details

Building Style:
Fencing: Partial 
Building Warranty:
 
Accessibility:
 
Materials:
Cement Fibre 
Exterior Finish:
 
Foundation:
Poured Concrete 
Roof:
Asphalt Shingle 
Heat/Air:
Baseboard,Electric,Natural Gas 
Fuel:
 
Leased Equip:
 
Exterior Features:
 
Faces:
East (front) - (rear) 

Lot Information

SqFt:
43124 
Acres:
0.99 
Frontage:
 
Depth:
 
Lot Shape:
 
Water:
Municipal 
Waste:
Septic Needed 
Zoning:
 
Parking Spaces:
 
Driveway:
 
Parking Type:
Additional,Driveway,Garage Double,On Street,Other 
Lot Features:
Cul-de-sac 

Room Dimensions

Room Name Level 1Level 2Level 3Level 4Level 5Other
Sq. Ft 912.000.00912.000.000.00
Bedroom11'x11'
Bedroom12'x11'
Living Room16'x12'
Kitchen12'x12'
Bathroom4-Piece
Unfinished Rooms

Listed with:

eXp Realty
Phone: 250-884-0885 / Fax:

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NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.