Vancouver Island Homes with Suites Market Report

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Current Vancouver Island Suite Home Data

Vancouver Island Homes with Suites Market Report

Track current market conditions for houses with an existing or potential suite on Vancouver Island north of the Malahat, including asking-price ranges, price per square foot, days on market and active inventory drawn from Vancouver Island Real Estate Board MLS® listings. The figures update as homes are listed, sold or repriced.

Suite home market caution: Homes with suites are larger than the average house, often with four or more bedrooms, and this group also includes acreages with a second dwelling, side-by-side homes on one title and the occasional estate, so the average price and living area run well above the general house market. The figures also mix permitted suites, unauthorized suites and homes with only potential for one. Compare homes with similar suite status, size and setting.
Elevated view over Duncan neighbourhoods and the Cowichan Valley
Vancouver Island Homes with Suites Market Houses with basement suites, carriage houses and in-law spaces across the Island
How to Read the Numbers

Understanding Vancouver Island Suite Home Market Data

A suite adds income or family space, but the statistics cannot tell a legal suite from a lower floor with a second kitchen.

01

Existing vs Potential

The report combines homes where the listing says a suite exists with homes that only have potential for one. A permitted, rented suite with a lease adds more value than a lower floor that could be converted, so check each listing’s suite status before comparing it with the averages.

02

Acreages and Large Homes Stretch the Range

Rural properties with a carriage house or second residence, and large custom homes with in-law suites, list in the same category as city split-levels. A few high-priced estates can lift the average well above what a typical Nanaimo or Courtenay suite home costs.

03

New Zoning, Same Building Code

Small-scale multi-unit zoning now allows suites or extra units on many more lots, which adds to the number of homes advertised with potential. Building a suite still takes permits, code upgrades and servicing, so potential is not the same as income.

04

Active Listings, Not Sold Prices

These statistics describe current asking prices and days on market, not sold values. Valuing a specific property takes recent comparable sales in the same community and adjustments for that property.

Address Beds Baths Living ft2 List Price Cost per ft2 DOM
9945 Cedar St 4 2 2,549 $999,000 $391 1 day
640 Railway Ave 4 3 1,940 $680,000 $350 1 day
2036 Oakhill Pl 5 4 2,936 $999,999 $340 1 day
3122 Dolphin Dr 2 1 1,096 $749,000 $683 2 days
7902 Lantzville Rd 2 1 850 $1,499,000 $1,763 2 days
8136 Miracle Close 5 3 3,015 $1,269,900 $421 2 days
3211 Woodrush Dr 4 4 2,683 $1,160,000 $432 2 days
667 Abby Lane 6 4 2,530 $895,000 $353 3 days
7393 Sunbury Rd 7 5 3,772 $2,674,900 $709 5 days
2279/2281 Clark Rd 8 9 3,872 $2,499,999 $645 6 days
1040 Koen Rd 5 3 2,146 $969,900 $451 6 days
1701 Morden Rd 3 2 1,958 $849,900 $434 9 days
821 Park Ave 3 2 1,267 $769,000 $606 7 days
1935 Taylor Ave 3 2 2,772 $1,699,000 $612 7 days
1045 Ravensbourne Lane 5 4 3,993 $2,200,000 $550 7 days
978 Timberline Dr 6 3 2,994 $1,149,000 $383 7 days
1088 Nelson St 3 2 1,806 $674,900 $373 7 days
4970 Wilson Rd 9 5 4,598 $1,550,000 $337 7 days
2344/2346 Rosstown Rd 9 6 5,025 $899,900 $179 7 days
1981 Dzini Rd 4 3 2,627 $1,300,000 $494 9 days
5470 Greenard St 4 3 2,840 $674,900 $237 8 days
4654 Cruickshank Ave Unit ##A 4 2 2,023 $719,900 $355 8 days
3234 Douglas St 3 2 1,700 $720,000 $423 8 days
2360 Galerno Rd 3 3 1,864 $830,000 $445 8 days
1665 Dingwall Rd 3 2 1,961 $749,000 $381 8 days
2170 Alder S St 4 2 1,624 $679,500 $418 8 days
1029 Herd Rd 4 3 3,026 $1,075,000 $355 8 days
2012 Varsity Dr 4 3 1,944 $959,900 $493 9 days
106 Emery Way 6 4 2,674 $869,900 $325 8 days
262 Villa Rd 5 2 2,322 $864,900 $372 8 days
6044 Island N Hwy 4 3 2,779 $1,050,000 $377 9 days
3932 4th Ave 3 2 2,133 $519,000 $243 10 days
663 Maple St 4 2 1,776 $779,000 $438 10 days
2858 14th Ave 4 3 2,112 $565,000 $267 13 days
3049 Telegraph Rd 7 7 4,205 $1,600,000 $380 10 days
3495 Simmons Pl 4 4 4,940 $1,992,000 $403 12 days
5141 Owlstone Pl 5 4 2,536 $899,900 $354 13 days
3712 Cavendish Blvd 4 3 2,438 $1,100,000 $451 13 days
15 Fourth St 4 2 1,674 $699,900 $418 13 days
61 View St 4 2 1,940 $499,000 $257 13 days
695 Franklyn St 5 4 3,646 $689,000 $188 14 days
696 Pacific Heights Lane 5 3 3,094 $1,012,500 $327 14 days
473 Nottingham Dr 5 4 3,032 $1,099,999 $362 14 days
7028 Westholme Rd 3 4 4,514 $1,995,000 $441 14 days
2128 Calais Rd 5 2 2,200 $930,000 $422 14 days
2944 Roozendaal Rd 6 5 3,964 $1,599,900 $403 14 days
729 Parks Pl 4 4 2,627 $819,000 $311 15 days
648 Alyssa Pl 7 4 2,653 $799,900 $301 15 days
2070 Cooper Rd 5 5 5,109 $2,940,000 $575 16 days
304 Long Island Lane 2 1 750 $549,000 $732 16 days
Average: 4.4 3.4 2,825 $1,328,772 $483 86 days
Viewing 1 - 50 of 405
Viewing 1 - 50 of 405
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
8955 Mclarey Ave 3 2 1,763 $769,900 $436 109 days
Average: 3.0 2.0 1,763 $769,900 $436 109 days
Viewing 1 - 1 of 1
Viewing 1 - 1 of 1

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