Vancouver Island is home to some of BC’s most desirable real estate, and the latest BC Assessment data offers a revealing look at where the Island’s highest-valued residential properties are located.
BC Assessment’s 2026 roll identifies the top-valued residential properties across Vancouver Island.
While the dataset includes several private islands in the Gulf Islands, those properties have been excluded here to focus on residential properties located within Vancouver Island communities themselves.
Based on assessed values reflecting market conditions as of July 1st 2025, the properties below represent the most expensive residential real estate on Vancouver Island.
Withour further ado, these are some of the most expensive properties:
#1 — 1365 Dorcas Point Road, Nanoose Bay
Assessed value: $20,573,000
Topping the Vancouver Island list is this expansive waterfront acreage in Nanoose Bay. Large coastal parcels are increasingly rare outside urban centres, and Dorcas Point’s privacy, shoreline exposure, and limited surrounding development help drive its valuation.
#2 — 1850 Lands End Road, North Saanich
Assessed value: $19,080,000
North Saanich continues to stand out as a hub for estate-scale waterfront properties. Lands End Road is particularly sought after for its rural character, ocean access, and proximity to Victoria International Airport.
#3 — 3160 Humber Road, Oak Bay
Assessed value: $18,632,000
Humber Road is one of Oak Bay’s most prestigious addresses. This waterfront single-family residence reflects the premium attached to direct shoreline access in a neighbourhood where turnover is rare and demand remains consistently strong.
#4 — 3175 Beach Drive, Oak Bay
Assessed value: $16,140,000
Beach Drive continues to anchor Oak Bay’s luxury real estate market. This waterfront acreage benefits from unobstructed coastal views and the scarcity of large parcels along one of the Island’s most iconic stretches of shoreline.
#5 — 3125 Beach Drive, Oak Bay
Assessed value: $15,723,000
Located along the same celebrated corridor, this property underscores how even small variations along Beach Drive still command significant value due to location alone.
#6 — 3150 Rutland Road, Oak Bay
Assessed value: $14,587,000
Rutland Road offers a quieter waterfront setting while maintaining the same exclusivity as nearby Beach Drive. Larger lots and direct ocean access continue to support high assessments in this pocket of Oak Bay.
#7 — 8408 Lawrence Road, Saanichton
Assessed value: $14,305,000
This Central Saanich waterfront acreage reflects growing demand for rural-coastal properties north of Victoria. Larger land parcels and a lower density setting distinguish Lawrence Road from more urban waterfront neighbourhoods.
#8 — 3155 Beach Drive, Oak Bay
Assessed value: $13,790,000
A fully developed waterfront residence, this Beach Drive home highlights how prime location can rival much larger acreages elsewhere on the Island.
#9 — 963 Beach Drive, Oak Bay
Assessed value: $13,208,000
Another Beach Drive address appears near the top of the list, reinforcing the road’s reputation as one of Vancouver Island’s most valuable residential corridors.
#10 — 3150 Tarn Place, Oak Bay
Assessed value: $12,772,000
Set just off the main waterfront roads, Tarn Place properties benefit from proximity to the shoreline while offering added seclusion. Limited supply continues to push values higher.
- 3195 Humber Road, Oak Bay – Assessed value: $12,629,000
- 466 Scott Point Drive, Salt Spring Island – Assessed value: $12,590,000
- 9260 Ardmore Drive, North Saanich – Assessed value: $11,638,000
- 460 West View Road, Saanichton – Assessed value: $11,332,000
- 10814 Beach Road, North Saanich – Assessed value: $11,308,000
- 1725 Oak Leaf Drive, Nanoose Bay – Assessed value: $11,271,000
- 2795 Sea View Road, Victoria – Assessed value: $11,100,000
- 340 Moses Point Road, North Saanich – Assessed value: $10,931,000
- 2670 Queenswood Drive, Victoria – Assessed value: $10,788,000
- 3275 Campion Road, Saanichton – Assessed value: $10,428,000
- 2690 Queenswood Drive, Victoria – Assessed value: $10,361,000
- 3265 Beach Drive, Oak Bay – Assessed value: $10,300,000
- 3120 Humber Road, Oak Bay – Assessed value: $10,222,000
- 2524 Queenswood Drive, Victoria – Assessed value: $9,942,000
- 9344 Ardmore Drive, North Saanich – Assessed value: $9,871,000
- 3911 Smugglers Cove Road, Victoria – Assessed value: $9,857,000
- 1562 Prospect Place, Oak Bay – Assessed value: $9,830,000
- 2985 Beach Drive, Oak Bay – Assessed value: $9,724,000
- 2901 Sea View Road, Victoria – Assessed value: $9,623,000
- 2490 Shannon Place, Victoria – Assessed value: $9,562,000
- 875 Brabant Place, Tofino – Assessed value: $9,530,000
- 3000 Valdez Place, Oak Bay – Assessed value: $9,457,000
- 3145 Humber Road, Oak Bay – Assessed value: $9,402,000
- 3019 McAnally Road, Victoria – Assessed value: $9,397,000
- 1251 Oceanwood Lane, Victoria – Assessed value: $9,366,000
- 2676 Queenswood Drive, Victoria – Assessed value: $9,264,000
- 3051 McAnally Road, Victoria – Assessed value: $9,116,000
- 568 Senanus Drive, Saanichton – Assessed value: $9,075,000
- 1475 Braiden Road, Tofino – Assessed value: $9,035,000
- 3155 Rutland Road, Oak Bay – Assessed value: $9,032,000
- 547 Ardmore Drive, North Saanich – Assessed value: $8,995,000
- 6720 Willis Point Road, Victoria – Assessed value: $8,946,000
- 877 Moser Place, Tofino – Assessed value: $8,872,000
- 3480 Ripon Road, Oak Bay – Assessed value: $8,815,000
- 8244 West Saanich Road, Saanichton – Assessed value: $8,812,000
- 2700 Queenswood Drive, Victoria – Assessed value: $8,759,000
- 3285 Beach Drive, Oak Bay – Assessed value: $8,691,000
- 3355 Midland Road, Oak Bay – Assessed value: $8,691,000
- 6110 Kirby Road, Sooke – Assessed value: $8,636,000
- 9310 Ardmore Drive, North Saanich – Assessed value: $8,593,000
- 3445 Beach Drive, Oak Bay – Assessed value: $8,585,000
- 9020 Ardmore Drive, North Saanich – Assessed value: $8,585,000
- 2530 Queenswood Drive, Victoria – Assessed value: $8,572,000
- 1067 Noble Road, Victoria – Assessed value: $8,545,000
- 3393 Upper Terrace Road, Oak Bay – Assessed value: $8,515,000
- 1051 Beach Drive, Oak Bay – Assessed value: $8,507,000
- 302 Hall Road, Qualicum Beach – Assessed value: $8,465,000
Which locatian is your favourite? Let us know in the comment section below!
