Privately owned James Island again topped the list of South Vancouver Island’s highest assessed properties, according to data from BC Assessment. (Sotheby’s International Realty photo)

Privately owned James Island again topped the list of South Vancouver Island’s highest assessed properties, according to data from BC Assessment. (Sotheby’s International Realty photo)

Seven south Island properties make list of B.C.’s top valued residences

Privately owned island at centre of lawsuit tops list, again

A handful of Greater Victoria properties made BC Assessment’s list of the 500 top-valued residential properties in the province last year.

BC Assessment’s 2021 report uses data on residential properties in the province as of July 1, 2020. All of the region’s municipalities saw an appreciation in median property values.

The top valued Greater Victoria property was James Island off the Saanich Peninsula near Sidney – a site that’s earned the top spot several times. It’s also central to a lawsuit by a local First Nation. In 2018 the Tsawout Nation filed against the federal and provincial governments for the return of the island claiming it as part of an 1852 treaty.

The 770-acre property was valued at $57,980,000 in July 2020, up more than $1.2 million from the year prior. The land contains a one-storey house with four bedrooms and five bathrooms valued at roughly $6.5 million. The property’s assessed value is the third highest in the province.

READ ALSO: Home values surge across Greater Victoria

A North Saanich acreage at 1850 Lands End Road valued at roughly $14 million comes in at 195 on the list. The 25-acre piece of land features a three-bedroom, three-bathroom house built in 1983. In 2020 its assessed value jumped nearly $2 million from 2019.

A single-family residence in Oak Bay comes in at 199, the property at 3160 Humber Rd. has a $13.9 million assessed value – with more than $10 million attributed to the 1.87-acre plot of land. The custom two-storey house on the property has five bedrooms and seven bathrooms. It was built in 1996.

In the Gulf Islands, an acreage on Domville Island takes spot 357 and an acreage on Forrest Island takes spot 434.

Two other Oak Bay properties made the top 500 – a 1.13-acre property at 963 Beach Dr. and a 2.2-acre property at 3150 Rutland Rd. The Beach Drive property is valued at $10.7 million and the Rutland Road property is valued at $10.8 million.

READ ALSO: Don’t agree on your property assessment? Here’s what to do


Do you have a story tip? Email: vnc.editorial@blackpress.ca.

Follow us on Twitter and Instagram, and like us on Facebook.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Bill Almond’s observatory in its new home on a Saanich lakeside. (Submitted/Cameron Burton)
Colwood stargazing dome makes a move to Saanich

The backyard structure finds a new home after 30 years

Chris Grzywacz, development agent for cannabis supplier Seed and Stone’s, holds products from the new Songhees Cannabis S + S store on April 20. (Jake Romphf/ News Staff)
First cannabis store opens on Songhees Nation, creates economic opportunity says chief

The Songhees Cannabis S + S had a soft launch at its 1502 Admirals Road location on April 20

A convicted sex offender, whose crimes included offences against children, was arrested at Gonzales Beach after the man was spotted by an off-duty officer. (Black Press Media file photo)
Convicted sex offender arrested at Gonzales Beach

After committing crimes involving children, offender barred from public beaches, being in proximity to kids

VicPD asks anyone who sees Daniel Shumka, or with information on his whereabouts to call 250-995-7654 or report anonymously through Greater Victoria Crime Stoppers at 1-800-222-8477. (Courtesy VicPD)
Victoria police seek man wanted on drug trafficking charges

Daniel Shumka, 50, is 6’1” and about 195 pounds with short brown hair and brown eyes

Victoria police arrested three men following a double stabbing April 19. The two victims suffered non-life-threatening injuries. (Black Press Media file photo)
Three arrested after double stabbing in Victoria

Two people sent to hospital after being stabbed, hit with bear spray

FILE – NDP Leader John Horgan, right, and local candidate Mike Farnworth greet one another with an elbow bump during a campaign stop in Coquitlam, B.C., on Friday, September 25, 2020. THE CANADIAN PRESS/Darryl Dyck
B.C. won’t be using random individual road stops to enforce travel rules: Safety Minister

Minister Mike Farnworth says travel checks only being considered at major highway junctions, ferry ports

A man pauses at a coffin after carrying it during a memorial march to remember victims of overdose deaths in Vancouver. THE CANADIAN PRESS/Darryl Dyck
B.C. announces historic half-billion-dollar funding for overdose crisis, mental health

Of it, $152 million will be used to address the opioid crisis and see the creation of 195 new substance use treatment beds

Children’s backpacks and shoes are seen at a CEFA (Core Education and Fine Arts) Early Learning daycare franchise, in Langley, B.C., on Tuesday May 29, 2018. THE CANADIAN PRESS/Darryl Dyck
B.C. budget to expand $10-a-day child care, but misses the mark on ‘truly universal’ system

$111 million will be used to fund 3,750 new $10-a-day spaces though 75 additional ChildCareBC universal prototype sites over the next three years.

Mak Parhar speaks at an anti-mask rally outside the Vancouver Art Gallery on Sunday, Nov. 1, 2020. Parhar was arrested on Nov. 2 and charged with allegedly violating the Quarantine Act after returning from a Flat Earth conference held in Geenville, South Carolina on Oct. 24. (Flat Earth Focker/YouTube.com screenshot)
Judge tosses lawsuit of B.C. COVID-denier who broke quarantine after Flat Earth conference

Mak Parhar accused gov, police of trespass, malfeasance, extortion, terrorism, kidnapping and fraud

Ambulance paramedic in full protective gear works outside Lion’s Gate Hospital, March 23, 2020. Hospitals are seeing record numbers of COVID-19 patients more than a year into the pandemic. (The Canadian Press)
B.C.’s COVID-19 infection rate declines, 849 cases Tuesday

Up to 456 people now in hospital, 148 in intensive care

Christy Clark, who was premier from 2011 to 2017, is the first of several present and past politicians to appear this month before the Cullen Commission, which is investigating the causes and impact of B.C.’s money-laundering problem over the past decade. (Darryl Dyck/Canadian Press)
Christy Clark says she first learned of money-laundering spike in 2015

The former B.C. premier testified Tuesday she was concerned the problem was ‘apparently at an all-time high’

Most Read