Property Type: Detached HouseOwnership: Freehold

2304 Boulding Rd

Mill Bay, BC V8H1B6

$2,200,000

3 bed3 bath6 parking2,695 sqftBuilt 1994
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Property Details

Property & Lot

Sub-type
House
Lot size
1.98 acres
Zoning
Residential

R-2

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$8,947

Interior

Heating
Heat Pump, Baseboard heaters, Heat Recovery Ventilation (HRV), Electric
Cooling / A/C
None
Fireplace
Yes (2)

Exterior & Lot

View
Mountain view, Ocean view, Valley view

Parking

Total spaces
6

Room Dimensions

RoomLevelDimensions
BathroomSecond level4-Piece
BedroomSecond level11'2 x 12'8
BedroomSecond level12'4 x 14'4
Living roomMain level17'7 x 14'3
EnsuiteMain level4-Piece
Primary BedroomMain level13'6 x 15'8
BathroomMain level2-Piece
PantryMain level5'1 x 5'4
Laundry roomMain level7'5 x 12'10
Family roomMain level17'10 x 19'10
Dining nookMain level8'0 x 5'11
KitchenMain level9'8 x 13'10
Dining roomMain level11'1 x 14'9
EntranceMain level7'6 x 6'11

Listing Information

MLS®
1032940
Listed
April 28, 2026
Time on market
On the market for 125 days
Data last synced
August 28, 2026

Listing provided by: Pemberton Holmes Ltd. (Cow Vall) · Data source: CREA DDF.

Description

Private 2-acre ocean-view estate in Mill Bay blending refined living with relaxed West Coast charm. This beautifully updated 3-bedroom, 3-bath residence offers desirable main-level living, a refreshed kitchen and family room, and bright, welcoming spaces designed for everyday comfort. Large windows invite natural light and capture filtered ocean views. Outdoors, enjoy a peaceful seasonal pond, a unique cantina-style entertaining area, and a hot tub—perfect for hosting or unwinding in complete privacy. A newly constructed (2024) insulated 3-bay shop with craft room and heat pump provides exceptional versatility for hobbies, storage, or workspace. Gated entry, ample RV parking, and a triple garage add convenience and function. Set in a quiet, private setting, this property offers a rare combination of space, privacy, and modern upgrades—an ideal retreat to call home. (id:63159)

Values & Trends

This listing

$816/sqft

Building average

No other active listings in this building

Mill Bay average

$622/sqft

18 active listing(s)

Parking: 6 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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

4

1/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Brentwood College(Independent)Secondary2.1 km
Frances Kelsey SecondarySecondary3.0 km
George Bonner ElementaryElementary3.7 km
St John's Preparatory Academy Shawnigan(Independent)K-125.3 km
Shawnigan Lake(Independent)Secondary6.5 km
Evergreen Independent School(Independent)Elementary6.7 km
Ecole Cobble Hill ElementaryElementary7.0 km
Discovery ElementaryElementary7.2 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.

Nearby Places

Parks (1)

  • Rat Lake Trail638 m

Nearby places data: © OpenStreetMap contributors.

School district: Cowichan (SD79)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($440,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,760,000.00
Periodic payment — Principal & Interest (monthly)$11,354.92
Additional monthly expenses (strata, tax, utilities, etc.)$880.58
Total monthly cost$12,235.51
Interest paid over 5-yr term$504,421.06
Balance at end of term$1,583,125.69

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$440,000
Stress test qualifying rate8.09%
Payment you must qualify for$13,533.78

Cash Needed at Closing

Minimum down payment$440,000
Estimated BC PTT$44,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$485,500

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.

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