Property Type: Detached HouseOwnership: Freehold

2839 Oceanside Lane

Mill Bay, BC V8H1E1

$5,985,000

7 bed6 bath6 parking5,996 sqftBuilt 2025
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Property Details

Property & Lot

Sub-type
House
Lot size
1.98 acres
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$9,329.4

Interior

Heating
Heat Pump
Cooling / A/C
Air Conditioned
Fireplace
Yes (2)

Exterior & Lot

View
Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
6

Room Dimensions

RoomLevelDimensions
BathroomAuxiliary Building4-Piece
BedroomAuxiliary Building
BedroomAuxiliary Building9'9 x 12'2
BathroomAuxiliary Building3-Piece
KitchenMain level8'6 x 11'8
Living roomAuxiliary Building14'1 x 16'6
Utility roomLower level24'2 x 13'2
GymLower level15'6
BathroomLower level4-Piece
Recreation roomLower level21'7 x 23'8
BedroomLower level11'7 x 12'4
BedroomLower level11'1
Laundry roomMain level11'8 x 8'7
BathroomMain level4-Piece
BedroomMain level12'1
BedroomMain level13'10
Primary BedroomMain level16'2
BathroomMain level5-Piece
BathroomMain level2-Piece
PantryMain level12'2 x 7'4
Great roomMain level18'9 x 18'7
KitchenMain level19'10 x 16'2
Dining roomMain level15'1 x 16'4
EntranceMain level11'1 x 10'10

Listing Information

MLS®
1029764
Listed
March 25, 2026
Time on market
On the market for 159 days
Data last synced
August 28, 2026

Listing provided by: The Agency · Data source: CREA DDF.

Description

Set on just under 2 acres with 275ft of private beachfront, this exceptional estate offers a combination of luxury, space & convenience. Built by GT Mann & designed by Ryan Hoyt Design, the 4,832sqft 5-bed, 4-bath main residence is under construction with completion set for June. Thoughtfully designed to capture its oceanfront setting, the home features soaring ceilings reaching nearly 20ft, walls of windows & timeless finishes including Vancouver Island marble & custom millwork. The layout is ideal for indoor-outdoor living, with a covered entry with exposed wood beams, an Arctic Spa hot tub & plumbing in place for a pool. The lower level offers a large rec room & flex space ideal for a gym, golf simulator, or media room & suite potential. Plus, a separate 1,164sqft 2-bed, 2-bath carriage house. Ideally located near world-class private schools with easy access to Victoria, this is a rare opportunity to secure a stunning new build in a desirable setting. Exempt from Foreign Buyer Ban. (id:63159)

Values & Trends

This listing

$998/sqft

Building average

No other active listings in this building

Mill Bay average

$612/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

37

6/9 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)Secondary548 m
Frances Kelsey SecondarySecondary948 m
George Bonner ElementaryElementary1.2 km
Evergreen Independent School(Independent)Elementary4.6 km
Ecole Cobble Hill ElementaryElementary4.6 km
St John's Preparatory Academy Shawnigan(Independent)K-125.8 km
Shawnigan Lake(Independent)Secondary6.0 km
Discovery ElementaryElementary6.9 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

Restaurants (2)

  • The Mill Pizza & Grill · 2720 Mill Bay Road565 m
  • Mill Bay Sushi601 m

Cafes (4)

  • Rusticana Coffee478 m
  • Tim Hortons · 825 Deloume Road596 m
  • KAVA & Go614 m
  • Bru-Go's Coffee · 2720 Mill Bay Road670 m

Grocery (1)

  • Thrifty Foods694 m

Parks (5+)

  • Welch Road Beach Access136 m
  • Mill Bay Historic Church188 m
  • Hollings Road Beach Access457 m
  • Barry Road Walkway461 m
  • Mill Bay Nature Park465 m

Pharmacies (2)

  • Pharmasave · 2720 Mill Bay Road532 m
  • Island Pharmacy · 845 Deloume Road646 m

Banks & ATMs (3)

  • CIBC478 m
  • Island Savings Credit Union527 m
  • RBC752 m

Nearby places data: © OpenStreetMap contributors.

School district: Cowichan (SD79)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($1,197,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$4,788,000.00
Periodic payment — Principal & Interest (monthly)$30,890.55
Additional monthly expenses (strata, tax, utilities, etc.)$1,077.45
Total monthly cost$31,968.00
Interest paid over 5-yr term$1,372,254.56
Balance at end of term$4,306,821.49

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$1,197,000
Stress test qualifying rate8.09%
Payment you must qualify for$36,818.04

Cash Needed at Closing

Minimum down payment$1,197,000
Estimated BC PTT$217,250
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,415,750

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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