NEW LISTING! Multi-Gen Property! “Living in a valley surrounded by mountain tops” — this rare 5-acre Shawnigan Lake estate is an extraordinary opportunity to own two private residences totaling over 6,700 sq. ft.
The Primary Residence (over 4,000 sq. ft.) features 10-foot ceilings, a grand cathedral-style entry, and a newly redesigned primary suite complete with a serene retreat area and spa-inspired ensuite. A bright, self-contained in-law studio offers full laundry and a private deck, while the main level includes generous living, dining, and family spaces, a den, mudroom, and a total of 5 bedrooms and 4 bathrooms. The interior is highlighted by vaulted ceilings, a stone fireplace, a spacious kitchen, and designer lighting that creates warmth and elegance throughout.
A newly 2644 sq ft built carriage home expands the opportunities even further — designed to accommodate up to four suites and currently generating $7,200 / month in rental income, with excellent potential for future commercial or personal use. The total property income potential (main house, suite + carriagehouse) is approximately $14,000 per month.
Recent updates include a new septic system, dual UV filtration, upgraded electrical, a new cistern, refreshed decking, painting, fencing, and enhanced landscaping with vegetable gardens and a peaceful pond. With 9-foot ceilings, proven rental income, and exceptional privacy, this property is ideal for multi-generational living, investment, or a lifestyle estate. Close to prestigious Shawnigan Lake private school and Brentwood Bay private school. 15 minutes to Langford and Greater Victoria — a true retreat nestled on a tranquil mountaintop with quick access to stunning Shawnigan Lake, the villages of Shawnigan and Mill Bay as well as ocean front & marinas. A perfect place to call home. For more information contact Christian 778-678-3098. INCREDIBLE REVENUE POTENTIAL set in one of the islands most fabulous communities.
Address
319 Stebbings Rd
List Price
$2,595,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Style of Home
Contemporary
Transaction Type
Sale
Area
Malahat & Area
Sub-Area
ML Shawnigan
Bedrooms
14
Bathrooms
8
Floor Area
6,742 Sq. Ft.
Lot Size
217800 Sq. Ft.
Lot Size (Acres)
5 Ac.
Year Built
2007
MLS® Number
1017798
Listing Brokerage
Keller Williams Ocean Realty VanCentral
Basement Area
Crawl Space
Postal Code
V8H 2J1
Tax Amount
$11,617.54
Tax Year
2025
Features
Built-In Range, Cathedral Entry, Ceiling Fan(s), Closet Organizer, Dining Room, Dishwasher, Dryer, Eating Area, Electric, F/S/W/D, Forced Air, French Doors, Heat Pump, Insulated Windows, Microwave, Mixed, Propane, Propane Tank, Radiant Floor, Range Hood, Refrigerator, Soaker Tub, Storage, Tile, Vaulted Ceiling(s), Vinyl Frames, Washer, Wood
Amenities
Accessible Entrance, Acreage, Balcony, Balcony/Deck, Balcony/Patio, Cleared, Easy Access, Fencing: Full, Garden, Landscaped, Level, Low Maintenance Yard, No Step Entrance, Primary Bedroom on Main, Private, Quiet Area, Recreation Nearby, Serviced, Shopping Nearby, Southern Exposure, Water Feature