Vancouver Island Waterfront Market Report

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Current Vancouver Island Waterfront Data

Vancouver Island Waterfront Market Report

Track current waterfront market conditions across Vancouver Island north of the Malahat, including asking-price ranges, price per square foot, days on market and active inventory for oceanfront, lakefront and riverfront properties listed through the Vancouver Island Real Estate Board. The figures below are generated from current MLS® data and update as properties are listed, sold or repriced.

Island waterfront market caution: Waterfront is the Island's widest category. It spans oceanfront estates in Nanoose Bay and Qualicum Beach, lakefront cottages at Lake Cowichan and Sproat Lake, riverfront acreages, Gulf Island cabins reached by ferry, bare waterfront lots and the occasional marina or commercial property, so the average price and price per square foot say little about any one shoreline. Compare like with like: the same water, the same bank height and the same kind of access.
Waterfront property for sale on Vancouver Island
Vancouver Island Waterfront Market Oceanfront, lakefront and riverfront from the Cowichan Valley to the north Island and the west coast
How to Read the Numbers

Understanding Vancouver Island Waterfront Market Data

Waterfront value is set by the shoreline itself more than by the house on it, which is why the Island-wide figures need careful reading.

01

Ocean, Lake or River

The MLS® waterfront flag covers all three. Oceanfront commands the highest prices, especially walk-on beach frontage in Oceanside and the Comox Valley, while lakefront at Lake Cowichan or Sproat Lake and riverfront along the Cowichan and Campbell rivers can list at a fraction of the price.

02

Low Bank, High Bank and Access

Low-bank frontage with a usable beach and a gentle approach is priced very differently from high-bank bluff property with long stairs to the shore, or a parcel separated from the water by a road. Docks and moorage on Crown foreshore need provincial tenure, and erosion history and setback rules decide what can be built or rebuilt.

03

Islands and Remote Shoreline

Gabriola, Lasqueti, Denman, Hornby, Quadra and Cortes islands and the outer coast add waterfront that depends on ferries, boats or long drives. Prices are lower but so is liquidity, and wells, septic capacity and power supply are often the deciding factors.

04

Active Listings, Not Sold Prices

These statistics describe current asking prices and days on market, not sold values. A shoreline property should be valued against recent sales on the same stretch of water, with adjustments for frontage, bank, exposure and buildings.

Address Beds Baths Living ft2 List Price Cost per ft2 DOM
3529 Dolphin Dr Unit ##403 2 2 1,436 $1,159,000 $807 1 day
7902 Lantzville Rd 2 1 850 $1,499,000 $1,763 1 day
1600 Stroulger Rd Unit ##217 2 2 1,209 $595,000 $492 1 day
5350 Falls St N/A N/A N/A $2,399,900 Unknown 1 day
3 Grant Rd 1 1 1,320 $900,000 $681 5 days
9370 Cottonwood Rd 2 2 1,380 $1,249,000 $905 5 days
330 Dogwood St Unit ##228 2 1 1,013 $629,000 $620 4 days
312 Roland Rd 4 4 3,958 $2,698,000 $681 5 days
1460 Imperial Lane 3 1 965 $499,000 $517 7 days
5000 Spence Rd N/A N/A N/A $949,900 Unknown 9 days
27 Island S Hwy Unit ##1401 2 2 1,089 $650,000 $596 6 days
2535 Battersea Rd 4 2 1,486 $1,495,000 $1,006 8 days
Lot 49 Busby Island 2 1 675 $459,000 $680 8 days
Frank Island 2 1 1,236 $3,750,000 $3,033 15 days
10750 Central Lake Rd Unit ##25 2 1 365 $435,000 $1,191 9 days
1388 Reef Rd 2 2 1,707 $1,999,000 $1,171 9 days
324 Easthom Rd N/A N/A N/A $1,749,000 Unknown 9 days
8578 Rumming Rd 4 4 2,560 $1,899,000 $741 13 days
6161 Lacon Rd 3 2 2,121 $1,200,000 $565 11 days
4837 Roger St Unit ##14 1 1 645 $185,000 $286 13 days
590 Willow St 3 2 2,104 $1,498,000 $711 11 days
2740 Island S Hwy Unit ##108 2 1 923 $329,000 $356 12 days
5018 Spence Rd 3 3 2,708 $1,338,900 $494 12 days
302 Roland Rd 7 8 5,533 $1,500,000 $271 12 days
Lot 6 Bella Luna Island N/A N/A N/A $275,000 Unknown 104 days
19320 Pacific Rim Hwy N/A N/A N/A $849,900 Unknown 13 days
523 Island Hwy Unit ##13 3 2 1,688 $729,900 $432 13 days
111 Horbury Rd 3 3 2,217 $1,595,000 $719 13 days
1175 Resort Dr Unit ##224 3 3 1,195 $55,000 $46 13 days
3529 Dolphin Dr Unit ##301 2 3 1,343 $824,900 $614 14 days
2144 Angus Rd 5 5 4,218 $2,799,000 $663 13 days
Lot 8 Ruxton Island N/A N/A N/A $699,000 Unknown 13 days
1600 Stroulger Rd Unit ##214 2 2 1,175 $565,000 $480 15 days
2070 Cooper Rd 5 5 5,109 $2,940,000 $575 15 days
181 Beachside Dr Unit ##903/904A 1 3 1,320 $234,000 $177 15 days
304 Long Island Lane 2 1 750 $549,000 $732 15 days
553 Island N Hwy Unit ##3 2 2 1,544 $649,900 $420 16 days
1765 Admiral Tryon Blvd 4 3 2,325 $1,695,000 $729 16 days
5425 Deep Bay Dr 1 2 964 $1,288,000 $1,336 16 days
10750 Central Lake Rd Unit ##2 2 1 649 $549,900 $847 16 days
1835 Westlock Rd 4 3 3,110 $1,695,000 $545 16 days
8998 Clarkson Ave 3 4 1,682 $1,799,000 $1,069 16 days
1845 Craig Dr 4 4 3,632 $2,398,000 $660 19 days
7630 Ships Point Rd 2 2 1,248 $899,900 $721 19 days
18 Sayward Rd N/A N/A N/A $8,500,000 Unknown 33 days
3632 Island S Hwy N/A N/A N/A $1,475,000 Unknown 20 days
152 Marina View Dr Unit ##7 3 3 1,810 $899,900 $497 21 days
152 Marina View Dr Unit ##5 2 3 1,867 $929,900 $498 21 days
152 Marina View Dr Unit ##8 2 3 1,867 $929,900 $498 21 days
2023 Seahaven Rd 4 5 4,131 $5,900,000 $1,428 21 days
Average: 3.1 2.8 2,229 $1,687,888 $771 137 days
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Viewing 1 - 50 of 445

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