For Sale: Block 1241 Malahat (Off) Hwy, Mill Bay, BC - REW
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$19,999,900
0 bd • ba • sf • Land/Lot
Block 1241 Malahat (Off) Hwy
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$19,999,900
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Block 1241 Malahat (Off) HwyMill Bay, BC, V0R 2W3

  • 0 Bed
  • Bath
  • Sqft
  • Land/Lot

About this home

Premier 360-acre holding forming part of a rare 400-acre contiguous land assembly on the Malahat, one of Southern Vancouver Island’s most significant development opportunities. Strategically located just 15 minutes from Langford and Greater Victoria, this expansive parcel offers scale, highway frontage, and long-term upside. Zoned RUR-1 with a Forest Resource designation, it supports resource use today while positioning for future rezoning. Approximately 22 acres are designated for industrial use, enhancing flexibility for a mixed-use vision. Combined with the adjacent 40-acre Settlement Area parcel in the CRD, this assembly presents compelling potential for a master-planned community incorporating residential, commercial, and light industrial uses. Strong exposure to the Trans-Canada Highway, proximity to a former rail corridor, and potential for future access further elevate the opportunity. A landmark land banking or development asset in a rapidly growing corridor.
Listed by: Matt Peulen, RE/MAX Camosun

Home facts and features

Price details
List Price
$19,999,900
Get Pre-Approved
Gross Taxes for 2025
$16,390
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Land/Lot
Lot Size
360.0 acres
Title
Freehold
Features
Acreage, Cul-de-Sac, Easy Access, Hillside, In Wooded Area, Park Setting, Private, Rural Setting, See Remarks, Wooded Lot
Amenities
Marina Nearby, Recreation Nearby
Agent details
Primary Agent
Primary Broker
RE/MAX Camosun
Secondary Agent
Secondary Broker
RE/MAX Camosun
Tertiary Agent
Tertiary Broker
RE/MAX Camosun
Listing details
Days on REW
46 Days
Property Views
80
MLS® Number
1033201
Source
Victoria and Vancouver Island MLS
Board
Victoria Real Estate Board
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Frances Kelsey Secondary School
  • Public
  • 8 - 12
  • In Catchment
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Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-06-07.
Call Agent
Matt Peulen
Phone:
250-744-3301
Cell:
250-589-5991
Office:
250-655-0608
Fax:
250-655-0618
Guy Crozier PREC*
Phone:
250-213-8391
Cell:
250-744-3301
Office:
250-744-3301
Fax:
250-744-3904
Scott Marchant PREC*
Cell:
250-744-3301
Office:
250-744-3301
Fax:
250-744-3904
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