Malahat & Area Homes with M Lev Bsmt & 2nd Style

Welcome to the picturesque region of Malahat & Area in British Columbia, where stunning natural beauty meets a thriving real estate market. Known for its tranquil surroundings and close-knit community, Malahat & Area offers a peaceful retreat from the hustle and bustle of city life.

One of the unique features of homes in Malahat & Area is the presence of multiple levels with basement and a second style, making them truly stand out in the market. Whether you're looking for a spacious family home or a cozy retreat, properties with this feature offer versatility and functionality to suit various lifestyles.

Living in Malahat & Area means enjoying the best of both worlds - a serene environment surrounded by lush greenery, while still being within easy reach of urban amenities. Residents can explore hiking trails, indulge in outdoor activities, or simply relax and take in the breathtaking views of the landscape.

With a range of housing options available, from modern single-family homes to charming townhouses, Malahat & Area has something to offer for everyone. Whether you're a first-time homebuyer or looking to upgrade to your dream home, this region has endless possibilities to fulfill your real estate needs.

Discover the beauty and tranquility of Malahat & Area, where every corner tells a story of comfort, luxury, and a true sense of home. Experience the magic of this unique region and find your perfect property with homes featuring multiple levels, basement, and a second style.

Newest Malahat & Area Homes with M Lev Bsmt & 2nd Style

$2,999,000

4 Beds ⋅ 3 Baths ⋅ 1044292 MLS

SOUTH-FACING SHAWNIGAN LAKEFRONT! Just 40 min from downtown Victoria, this 4-bed, 3-bath, 4-season home sits on .26 acres with a double garage, dock and exceptional waterfront amenities. Lake views take centre stage from the kitchen, dining and living areas, opening to a large covered deck with gas fireplace, BBQ area and outdoor dining. The spacious kitchen features granite counters, stainless appliances, a large island, bar fridge and excellent storage. Upstairs, the primary suite enjoys lake views, a private deck and spa-like ensuite. Downstairs are 2 bedrooms, a 5-piece bath, laundry, family room opening to a covered patio and hot tub, plus a separate rec room and ample lake-gear storage. A shared walkway leads to a private dock, 3 slips for Sea-Doos and kayaks, a lakeside seating area and covered boat slip with lift. Designed for family, friends and year-round lake living on one of Vancouver Island's most sought-after lakes. A special place to enjoy lake life in every season.

2619 Katy's Cres, Shawnigan Lake

Courtesy of Pemberton Holmes Ltd.

$1,800,000

7 Beds ⋅ 7 Baths ⋅ 1042708 MLS

Tucked away on a private acre in Mill Bay, this stunning 4,200sqft family home delivers the space, character & convenience you've been searching for — minutes from groceries, restaurants, the beach & a short walk to Sweet Meadows. 6 beds, 5 baths, in-law suite potential & a beautifully renovated interior that's equal parts cozy & entertaining-ready. The 1,200sqft detached garage fits six vehicles, has hoist height, 220 power & a gorgeous in-law suite above. Outside, it only gets better: professional landscaping, an outdoor kitchen with built-in smoker, sink, fridge & more, a covered hot tub area, outdoor shower & loads of room for kids, pets & guests. Gated & fenced with parking for boats & RVs. Updated septic, heat pump, on-demand hot water, roof & more. This is the kind of home that hosts summer parties, family dinners & everything in between. Vancouver Island living at its finest, with world class schools nearby.

3049 Telegraph Rd, Mill Bay

Courtesy of eXp Realty (DU)

$1,399,900

5 Beds ⋅ 4 Baths ⋅ 1043621 MLS

Exceptional 5-acre property offering the perfect combination of space, income potential and an incredible detached workshop! The 3-bed, 3-bath + den main home provides comfortable family living, while the self-contained 2-bedroom legal suite is ideal for extended family or rental income. The true showpiece is the massive 2,100+ sq.ft. detached shop with soaring 19-foot ceilings—perfect for tradespeople, contractors, car enthusiasts, RV storage or a home-based business. With ample parking for equipment, trailers and recreational vehicles, this property is designed for those who need room to work and play. Conveniently located with easy access to Highway 1, you'll enjoy the privacy of acreage living without sacrificing commuting convenience. A rare opportunity with endless possibilities.

682 Shawnigan Lake Rd, Shawnigan Lake

Courtesy of The Agency

$1,499,000

4 Beds ⋅ 3 Baths ⋅ 1043338 MLS

First time on the market! This custom-built 4,000 sq.ft. home sits on a .42-acre lot in one of Mill Bay's most desirable neighbourhoods, offering spectacular panoramic ocean views from nearly every room. The thoughtfully designed main level welcomes you with a grand open living and dining room featuring vaulted ceilings and floor-to-ceiling windows that perfectly frame the ever-changing ocean and sky. Also on this level are the kitchen, office/bedroom, second bedroom, and a primary suite with stunning ocean views, walk-in closet, and ensuite. A large front deck connects the living, dining, and primary suite, creating the perfect place for quiet mornings or family BBQs. Upstairs offers a library/games room with its own view balcony and cozy hidden craft room. Downstairs features a 1-bedroom in-law suite with lower-level entrance plus a workshop with future potential. Walk to Mill Bay's shops, restaurants, and amenities.

2550 Seaview Rd, Mill Bay

Courtesy of RE/MAX Island Properties (DU)

$1,559,000

5 Beds ⋅ 4 Baths ⋅ 1042948 MLS

Situated on just under 1 ACRE at the end of a quiet, tree-lined private road, this exceptional Shawnigan Lake property offers PRIVACY, VERSATILITY, and TWO SEPARATE DWELLINGS on one lot. With a combined 6 BEDROOMS and 4 FULL BATHROOMS plus an ATTIC with bathroom, it's ideal for MULTI-GENERATIONAL LIVING, guests, or INCOME POTENTIAL. The main home features VAULTED CEILINGS, abundant NATURAL LIGHT, an OPEN-CONCEPT DESIGN, HEAT PUMP (Aug 2025) and a spacious kitchen with a BREAKFAST BAR, BAR SINK, and PENDANT LIGHTING. The MAIN-FLOOR PRIMARY SUITE includes a 5-PIECE ENSUITE with HEATED TILE FLOORS, SOAKER TUB, and tiled shower. OFFICE/DEN, BONUS ROOM, and DOUBLE-CAR GARAGE add flexibility. The detached CARRIAGE HOME offers 2 BEDROOMS, 1 BATHROOM, OPEN-CONCEPT LIVING, ELECTRIC FIREPLACE, DOUBLE STAINLESS-STEEL OVEN, and private deck. Beautifully landscaped grounds, mature trees, garden space, and a peaceful setting complete this property minutes from Shawnigan Lake amenities. A must see!

1871 Highland Ridge Rd, Shawnigan Lake

Courtesy of RE/MAX Camosun

$1,200,000

3 Beds ⋅ 3 Baths ⋅ 1042386 MLS

Enjoy the privacy and space of this 1.79-acre property featuring a well-maintained multi-level home with 3 bedrooms and 3 bathrooms. The main level offers a spacious living room with a cozy wood stove, a large primary bedroom with ensuite, and access to a huge wrap-around deck overlooking the private yard. Upstairs you'll find two additional bedrooms, a full bathroom, and a family room with a fireplace. The lower level with partial height and separate entrance provides ample storage. A standout feature is the impressive 2,800+ sq. ft. multi-bay shop/garage, ideal for vehicles, hobbies, or a home-based business. The expansive, private yard backs onto the Island Corridor Railway, offering a peaceful setting with plenty of room to enjoy the outdoors.

2099 Shawnigan Lake Rd, Shawnigan Lake

Courtesy of Newport Realty Ltd.

$1,270,900

4 Beds ⋅ 3 Baths ⋅ 1042353 MLS

Set on 3.29 private acres in desirable Cobble Hill, this beautifully updated family home offers over 3,400 sq. ft. of finished living space plus an unfinished walkout lower level well suited for a future in-law or secondary suite (buyer to verify). The main floor features spacious living and dining areas, a home office with built-ins, and a spacious chef's kitchen with induction cooktop, full-size fridge and upright freezer. Upstairs offers 4 generous bedrooms, including a primary suite with ensuite and a versatile bonus room. The bright walkout lower level features approximately 8' ceilings and plumbing roughed in. Enjoy dual heat pumps with A/C, a high-producing 40 GPM well, conduit for an EV charger, and an owned 12.15 kW solar photovoltaic system that helps reduce ongoing energy costs. Private setting with level, usable acreage offering flexibility for a shop, gardens, or hobby farm.

1425 Gallier Rd, Cobble Hill

Courtesy of Royal LePage Coast Capital - Chatterton

$1,295,000

3 Beds ⋅ 3 Baths ⋅ 1041419 MLS

Tucked away on a private 0.88-acre lot in the heart of Mill Bay, this distinctive West Coast home offers beautiful ocean views, exceptional privacy, and nearly 3,000 sq. ft. of living space. Warm wood accents, vaulted ceilings, and large windows create a welcoming atmosphere filled with natural light. The functional 3-bedroom, 3-bathroom layout includes spacious living areas, a feature fireplace, and multiple decks, including a rooftop deck perfect for enjoying warm summer evenings. Outside, the property is a gardener's paradise, with mature landscaping, fruit trees, grapevines, and towering cedars that create a peaceful, park-like setting. A detached studio provides excellent flexibility for hobbies, a home office, or a creative space. Conveniently located just minutes from Mill Bay amenities, marinas, schools, and commuter routes to Victoria, this is a rare opportunity to enjoy the West Coast lifestyle on a beautifully established property.

2460 Mill Bay Rd, Mill Bay

Courtesy of Pemberton Holmes Ltd. (Cow Vall)

$1,650,000

4 Beds ⋅ 4 Baths ⋅ 1039134 MLS

Perched above Old Mill Park in one of Shawnigan Lake’s most desirable neighbourhoods, this remarkable custom home combines craftsmanship, comfort, and beautiful lake views. Offering over 4,400 sq. ft. of finished living space, the home features 3-4 bedrooms and 4 baths, with 9'6" ceilings, a vaulted kitchen, acid-etched concrete floors, and radiant in-floor heating on both levels. Western exposure captures spectacular sunsets over the lake. Much of the interior woodwork was milled from trees harvested on the property, creating a warm, authentic feel throughout. Outside, the fully deer-fenced yard is a gardener’s dream, complete with raised beds, irrigation, and years of chemical-free cultivation. French slate accents the bathrooms and lower level, while the unique split garage provides excellent flexibility. Just moments from beaches, trails, and lake access. Includes a charming 395 sq. ft. cottage ideal for guests, family, or creative space.

1870 Munsie Rd, Shawnigan Lake

Courtesy of Pemberton Holmes Ltd. (Cow Vall)

$1,499,999

6 Beds ⋅ 4 Baths ⋅ 1037433 MLS

Set on a private 3-acre woodland retreat just 30 minutes from Victoria, this exceptional rural estate offers an unmatched blend of multi-family living, guest hosting, and rental income potential. Main Home (1,800+ sq ft): Blends rustic charm with modern updates. Features 3 beds, 2 baths, a renovated kitchen, a primary suite with ensuite, and a large, full-height unfinished basement perfect for a workshop or storage. Cabin (800+ sq ft): A completely private, wheelchair-accessible self contained 1 bed, 1 bath retreat. Hidden from the main house, it features, vaulted ceilings, a covered porch, and its own driveway. The Bunkhouse (1,200 sq ft): A converted workshop offering 2 beds, a full bath, and a large living area with a pool table. Log Cabin: A cozy, flexible space ideal for a studio, office, or retreat. Minutes from Shawnigan Lake School, the Koksilah River, Kinsol Trestle, and the Trans-Canada Trail, this property is a rare find of quiet distinction and versatility.

3003 Glen Eagles Rd, Shawnigan Lake

Courtesy of Pemberton Holmes Ltd. (Cow Vall)

$5,100,000

9 Beds ⋅ 11 Baths ⋅ 1034714 MLS

At the end of a quiet no-through road in Mill Bay, Pine Lodge Farm is a rare 28-acre estate with sweeping ocean & Gulf Island views. Long cherished as a place for family gatherings, weddings & events, the property offers potential as a luxury retreat, vineyard estate, or multi-generational home. Fully fenced & beautifully landscaped, featuring rolling pasture, ponds, fruit trees, private walking trails, valuable timber, two road frontages & multiple patios to enjoy both sunrise & sunset. Thoughtfully redesigned principle residence offers soaring ceilings, 6 beds, 8 baths, chef’s kitchen, elevator, jacuzzi, in-law suite & expansive lower level. Multiple outbuildings & dwellings, create flexible opportunities for guest accommodation, multi-generational living or revenue-generating ventures. Minutes to the ocean, amenities, international private schools & easy access to Victoria & Vancouver. This one-of-a-kind Vancouver Island offering combines privacy, stunning views & opportunity.

3191 Mutter Rd, Mill Bay

Courtesy of eXp Realty (DU)

$2,150,000

7 Beds ⋅ 7 Baths ⋅ 1033534 MLS

This exceptional custom-built home offers privacy, luxury and versatility. Backing onto crown land with direct access to scenic hiking trails to Shawnigan Lake School, and just minutes to the lake, the setting is unmatched. Situated on a rare 0.99-acre lot, this one-of-a-kind property features 7 beds, 7 baths, & 4 kitchens - ideal for multi-generational living or strong rental income with three suites. The bright main level offers a spacious layout with a stunning primary bedroom on the main overlooking your private backyard oasis. French doors open to a beautifully landscaped yard with pool, hot tub & multiple outdoor living spaces. Fully renovated last year, the home features a new kitchen, flooring, appliances & updated baths, plus new fir interior doors. Upstairs includes two bedrooms & a bonus gym/media space. Separate shops & an outdoor bathroom add function for hobbyists or gardeners. Wired for sound, with irrigation & landscape lighting—this is a rare, must-see offering.

1865 Highland Ridge Rd, Shawnigan Lake

Courtesy of RE/MAX Camosun

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