Property Type: Condo / ApartmentOwnership: Strata

885 PRATT Rd

Mill Bay, BC V0R2P1

$1,132,000

4 bed3 bath6 parking2,355 sqftBuilt 2013
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Property Details

Property & Lot

Sub-type
House
Lot size
16,335 square feet
Zoning
Residential

R3

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$10/mo
Annual property tax
$6,225.15

Interior

Heating
Heat Pump, Forced air, Electric
Cooling / A/C
Central air conditioning, Air Conditioned
Fireplace
Yes (1)
Appliances
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave, Jetted Tub

Exterior & Lot

Lot features
Central location, Cul-de-sac, Park setting, Private setting, Southern exposure, Other, Marine Oriented

Building

Parcel ID (PID)
028-241-312

Parking

Total spaces
6

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
Dining roomMain level12'3 x 12'0
BedroomSecond level11'8 x 14'7
BedroomSecond level10'11 x 15'4
BathroomSecond level6'11 x 7'4
EnsuiteSecond level12'1 x 10'8
Primary BedroomSecond level19'11 x 15'1
BathroomMain level4'10 x 7'11
BedroomMain level15'3 x 11'2
KitchenMain level9'3 x 13'0
Living roomMain level31'5 x 28'9
Laundry roomMain level7'0 x 6'10
EntranceMain level14'4 x 11'11

Listing Information

MLS®
1028469
Listed
March 13, 2026
Time on market
On the market for 171 days
Data last synced
August 29, 2026

Listing provided by: Royal LePage Duncan Realty · Data source: CREA DDF.

Description

4-bedroom, 3-bathroom home offering 2,355 sq ft of well-designed living space on an extra large 0.375-acre lot in Mill Bay’s sought-after Mill Springs Village. Built in 2013, this main level entry home features the primary living areas on the main floor with additional bedrooms upstairs, creating a practical layout that works well for families. The bright main living space features vaulted ceilings, hardwood and tile flooring, and large windows that help fill the home with natural light. The kitchen is finished with quartz countertops and stainless steel appliances, offering a clean and functional space for everyday living and entertaining. Comfort is covered year-round with central heating and air conditioning. The spacious primary bedroom includes a walk-in closet and large ensuite, along with a unique balcony overlooking the main living space below. Upstairs bedrooms provide great flexibility for family members, guests, or home office space. Outside, the level backyard offers plenty of usable outdoor space for kids, pets, gardening, or entertaining. The oversized double garage of approximately 500 sq ft provides excellent parking and storage. Located in the family-friendly community of Mill Springs Village, with Deloume Trail and Park just down the street, this home offers a great opportunity to enjoy comfortable living in Mill Bay within the beautiful Cowichan Valley on Vancouver Island. (id:63159)

Values & Trends

This listing

$481/sqft

Building average

No other active listings in this building

MILL SPRINGS VILLAGE average

No comparable active listings

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

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)Secondary965 m
Frances Kelsey SecondarySecondary1.6 km
George Bonner ElementaryElementary2.3 km
St John's Preparatory Academy Shawnigan(Independent)K-125.0 km
Evergreen Independent School(Independent)Elementary5.3 km
Ecole Cobble Hill ElementaryElementary5.5 km
Shawnigan Lake(Independent)Secondary5.6 km
Discovery ElementaryElementary6.5 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 Road743 m
  • Mill Bay Sushi752 m

Cafes (3)

  • Bru-Go's Coffee · 2720 Mill Bay Road658 m
  • Tim Hortons · 825 Deloume Road675 m
  • KAVA & Go709 m

Grocery (1)

  • Thrifty Foods634 m

Parks (5+)

  • Deloume Trail139 m
  • Deloume Park155 m
  • Deloume Connector Trail192 m
  • Deloume Park West275 m
  • Deloume Park East322 m

Pharmacies (2)

  • Island Pharmacy · 845 Deloume Road625 m
  • Pharmasave · 2720 Mill Bay Road766 m

Banks & ATMs (2)

  • RBC650 m
  • Island Savings Credit Union795 m

Nearby places data: © OpenStreetMap contributors.

School district: Cowichan (SD79)

Mortgage & Ownership Cost Calculator

Minimum required: 7.8% ($88,200) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$905,600.00
Periodic payment — Principal & Interest (monthly)$5,842.62
Additional monthly expenses (strata, tax, utilities, etc.)$646.76
Total monthly cost$6,489.39
Interest paid over 5-yr term$259,547.56
Balance at end of term$814,590.13

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$88,200
Stress test qualifying rate8.09%
Payment you must qualify for$8,026.46

Cash Needed at Closing

Minimum down payment$88,200
Estimated BC PTT$20,640
Legal / closing costs (typical estimate)$1,500
Total cash needed$110,340

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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