Property Type: Detached HouseOwnership: Freehold

1424 Gillespie Rd

Sooke, BC V9Z0Z2

$6,499,000

12 bed13 bath20 parking10,355 sqftBuilt 1964
Get Directions

Property Details

Property & Lot

Sub-type
House
Lot size
83.54 acres
Zoning
Rural residential

RU2 - Rural

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$53,602

Interior

Heating
Electric, Propane
Cooling / A/C
None
Fireplace
Yes (3)

Exterior & Lot

View
Ocean view

Parking

Total spaces
20

Room Dimensions

RoomLevelDimensions
KitchenMain level
BathroomMain level3-Piece
BathroomMain level3-Piece
BathroomMain level3-Piece
BathroomMain level3-Piece
BathroomMain level3-Piece
BathroomMain level3-Piece
BathroomMain level3-Piece
BathroomMain level3-Piece
BathroomMain level3-Piece
BathroomMain level3-Piece
BathroomMain level3-Piece
BathroomMain level3-Piece
BathroomMain level3-Piece
BedroomMain level
BedroomMain level
BedroomMain level
BedroomMain level
BedroomMain level
BedroomMain level
BedroomMain level
BedroomMain level
BedroomMain level
BedroomMain level
BedroomMain level
BedroomMain level

Listing Information

MLS®
1046940
Listed
August 14, 2026
Time on market
On the market for 17 days
Data last synced
August 28, 2026

Listing provided by: Pemberton Holmes Ltd. · Data source: CREA DDF.

Description

A unique opportunity to acquire the 'Grouse Nest Lodge'; a substantial ±83.5-acre oceanfront estate in the serene East Sooke area,offering significant development potential in one of Vancouver Island’s most naturally beautiful and rapidly evolving coastal communities.This remarkable property features a mix of old-growth forest, open clearings, and nearly a full kilometre of low-bank waterfront alongthe sheltered waters of Sooke Harbour. The parcel is zoned for mixed-use and is positioned to support a variety of future land uses,including medium-density residential, eco-tourism, and potential marine-related amenities. With its expansive size, zoning flexibility, andproximity to essential services and transportation infrastructure, 1424 Gillespie Road represents a once-in-a-generation opportunity tocreate a signature waterfront community, retreat, or resort development on Vancouver Island’s west coast (id:63159)

Values & Trends

This listing

$628/sqft

Building average

No other active listings in this building

17 Mile average

$473/sqft

3 active listing(s)

Parking: 20 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Nearest station: Malahat

Mainly Clear

14°C

Mainly Clear

Humidity 86%

Wind WSW 7 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Population

15,086

(2021 Census)

+16% since 2016

Density: 266.5/km²

Dwellings: 6,431

Median household income: $90,000

After-tax: $79,500

Immigrant population: 11.7%

Top countries of origin (% of total population)

  • United Kingdom4.1% · 620
  • United States of America1.5% · 230
  • Germany0.8% · 120
  • Philippines0.7% · 110
  • Netherlands0.5% · 80
  • China0.2% · 35
  • Poland0.2% · 30
  • Mexico0.2% · 25

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Saseenos ElementaryElementary4.2 km
Edward Milne Community SchoolSecondary4.8 km
Hans Helgesen ElementaryElementary6.0 km
Sooke ElementaryElementary6.1 km
Journey Middle SchoolMiddle6.3 km
Ecole Poirier ElementaryElementary6.5 km
Westmont Montessori School(Independent)K-128.3 km
John Muir ElementaryElementary8.6 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

School district: Sooke (SD62)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($1,299,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$5,199,200.00
Periodic payment — Principal & Interest (monthly)$33,543.47
Additional monthly expenses (strata, tax, utilities, etc.)$4,984.83
Total monthly cost$38,528.31
Interest paid over 5-yr term$1,490,105.67
Balance at end of term$4,676,697.22

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$1,299,800
Stress test qualifying rate8.09%
Payment you must qualify for$39,980.03

Cash Needed at Closing

Minimum down payment$1,299,800
Estimated BC PTT$242,950
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,544,250

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

Request more information