Property Type: Detached HouseOwnership: Freehold

2840 Oceanside Lane

Mill Bay, BC V8H1E1

$1,425,000

4 bed3 bath2 parking2,488 sqftBuilt 1992
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Property Details

Property & Lot

Sub-type
House
Lot size
1.97 acres
Zoning
Residential

R2

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,567.78

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
Yes (1)

Exterior & Lot

View
Ocean view

Parking

Total spaces
2

Room Dimensions

RoomLevelDimensions
BedroomLower level12'7 x 16'5
Mud roomLower level7'0 x 8'10
Utility roomLower level5'1 x 7'10
StorageLower level11'7 x 12'11
BathroomLower level7'3 x 11'7
Family roomLower level14'6 x 24'3
OfficeLower level7'8 x 8'2
Laundry roomMain level5'4 x 8'9
EntranceMain level4'5 x 11'0
BedroomLower level10'10 x 11'7
Primary BedroomMain level11'10 x 14'0
Living roomMain level12'11 x 14'3
KitchenMain level9'2 x 14'1
EnsuiteOther4'10 x 7'2
Dining nookMain level4'4 x 14'1
Dining roomMain level9'5 x 11'3
DenMain level7'3 x 8'9
BedroomMain level10'7 x 13'9
BathroomMain level4'9 x 7'2

Listing Information

MLS®
1044271
Listed
July 27, 2026
Time on market
On the market for 35 days
Data last synced
August 28, 2026

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

Description

Enjoy ocean views from this beautifully updated 2,488 sq. ft. home on a private 1.98 acre property in desirable Mill Bay. This east-facing home features a renovated kitchen with quartz countertops, a spacious primary bedroom & laundry on the main floor, built-in speakers, & a cozy recently updated fireplace. Recent updates include new vinyl decking (2025), vinyl windows a new garage door, & new carpeting on the main level. The lower level offers excellent flexibility with plumbing already in place for a kitchen, making it ideal for a future suite or spacious flex room. Outside, enjoy a meticulously maintained yard, RV parking, & nearby ocean access. Conveniently located within walking distance of Mill Bay amenities, Brentwood College, Bonner and Kelsey schools & Kerry Park Recreation.Mill Bay Marina provides easy access to the Southern Gulf Islands for boating, kayaking, fishing, & prawning. Just 25 minutes to Victoria this property offers the perfect blend of privacy, views, and convenience. (id:63159)

Values & Trends

This listing

$573/sqft

Building average

No other active listings in this building

Mill Bay average

$635/sqft

18 active listing(s)

Parking: 2 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

16°C

Mainly Clear

Humidity 73%

Wind S 6 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

30

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)Secondary611 m
Frances Kelsey SecondarySecondary890 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)Secondary5.9 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 Road611 m
  • Mill Bay Sushi653 m

Cafes (4)

  • Rusticana Coffee530 m
  • Tim Hortons · 825 Deloume Road625 m
  • KAVA & Go662 m
  • Bru-Go's Coffee · 2720 Mill Bay Road718 m

Grocery (1)

  • Thrifty Foods741 m

Parks (5+)

  • Mill Bay Historic Church129 m
  • Welch Road Beach Access144 m
  • Mill Bay Nature Park468 m
  • Hollings Road Beach Access475 m
  • Barry Road Walkway475 m

Pharmacies (2)

  • Pharmasave · 2720 Mill Bay Road578 m
  • Island Pharmacy · 845 Deloume Road675 m

Banks & ATMs (2)

  • CIBC528 m
  • Island Savings Credit Union577 m

Nearby places data: © OpenStreetMap contributors.

School district: Cowichan (SD79)

Mortgage & Ownership Cost Calculator

Minimum required: 8.2% ($117,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,140,000.00
Periodic payment — Principal & Interest (monthly)$7,354.89
Additional monthly expenses (strata, tax, utilities, etc.)$587.98
Total monthly cost$7,942.87
Interest paid over 5-yr term$326,727.28
Balance at end of term$1,025,433.69

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$117,500
Stress test qualifying rate8.09%
Payment you must qualify for$10,054.22

Cash Needed at Closing

Minimum down payment$117,500
Estimated BC PTT$26,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$145,500

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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