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

Coun. Niall Paltiel of Central Saanich has filed a notice of motion directing staff to work with the WSANEC leadership council to develop a program leading toward the “gradual incorporation of traditional WSANEC names for key collector and arterial roads”(Black Press Media File)
Central Saanich councillor wants road signs to use WSANEC names

Coun. Niall Paltiel proposes ‘gradual incorporation of traditional WSANEC names’ for key roads

The fine for changing lanes or merging over a solid line costs drivers $109 and two penalty points in B.C. (Screenshot via Google Street View)
B.C. drivers caught crossing, merging over solid white lines face hefty fine

Ticket for $109, two penalty points issued under Motor Vehicle Act for crossing solid lines

Saanich council approves of a five-story multi-family development at 300 Gorge Road West and 2900 Tillicum Road. (Rendering via Alan Lowe Architect Inc.)
Saanich approves five-story, mixed-use development for Tillicum area

Plans include 53 residential units, three commercial units at Tillicum Road, Gorge Road West

Royal Roads University president Philip Steenkamp said they are aware of hateful graffiti spray-painted in an area of the forest surrounding the campus. The graffiti in question includes anti-Semitic content and a racial slur towards Black people. (Facebook/Royal Roads University)
Anti-Semitic, hateful graffiti spotted in forest near Royal Roads University

Royal Roads working with West Shore RCMP to remove graffiti “as soon as possible”

A cougar was spotted at Royal Roads University on Sunday, Jan. 24. The sighting was reported on the western edge of the campus. (File photo)
Cougar spotted at Royal Roads University Sunday afternoon

Animal reported on western side of campus near Colwood Fire Department

Terrance Josephson of the Princeton Posse, at left, and Tyson Conroy of the Summerland Steam clash during a Junior B hockey game at the Summerland Arena in the early spring of 2020. (John Arendt - Summerland Review)
QUIZ: How much do you know about hockey?

Test your knowledge of Canada’s national winter sport

A woman injects herself with crack cocaine at a supervised consumption site Friday, Jan. 22, 2021 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
Drug users at greater risk of dying as services scale back in second wave of COVID-19

It pins the blame largely on a lack of supports, a corrupted drug supply

Wet’suwet’en supporters and Coastal GasLink opponents continue to protest outside the B.C. Legislature in Victoria, B.C., on Thursday, February 27, 2020. THE CANADIAN PRESS/Chad Hipolito
‘We’re still in it’: Wet’suwet’en push forward on rights recognition

The 670-km Coastal GasLink pipeline was approved by B.C. and 20 elected First Nations councils on its path

The sky above Mt. Benson in Nanaimo is illuminated by flares as search and rescuers help an injured hiker down the mountain to a waiting ambulance. (Photo courtesy Nanaimo Search and Rescue)
Search plane lights up Nanaimo mountain with flares during icy rope rescue

Rescuers got injured hiker down Mt. Benson to a waiting ambulance Saturday night

Jennifer Cochrane, a Public Health Nurse with Prairie Mountain Health in Virden, administers the COVID-19 vaccine to Robert Farquhar with Westman Regional Laboratory, during the first day of immunizations at the Brandon COVID-19 vaccination supersite in Brandon, Man., on Monday, January 18, 2021. THE CANADIAN PRESS/Tim Smith - POOL
Top doctor urges Canadians to keep up with COVID measures, even as vaccines roll out

More than 776,606 vaccines have been administered so far

From the left: Midway RCMP Csts. Jonathan Stermscheg and Chris Hansen, Public Servant Leanne Mclaren and Cpl. Phil Peters. Pictured in the front are Mclaren’s dog, Lincoln and Peters’ dog, Angel. Photo courtesy of BC RCMP
B.C. Mounties commended for bringing firewood to elderly woman

Cpl. Phil Peters said he and detachment members acted after the woman’s husband went to hospital

Dr. Jerome Leis and Dr. Lynfa Stroud are pictured at Sunnybrook Hospital in Toronto on Thursday, January 21, 2021.THE CANADIAN PRESS/Frank Gunn
‘It wasn’t called COVID at the time:’ One year since Canada’s first COVID-19 case

The 56-year-old man was admitted to Toronto’s Sunnybrook Health Sciences Centre

An Uber driver’s vehicle is seen after the company launched service, in Vancouver, Friday, Jan. 24, 2020. Several taxi companies have lost a court bid to run Uber and Lyft off the road in British Columbia. THE CANADIAN PRESS/Darryl Dyck
Taxi companies lose court bid to quash Uber, Lyft approvals in British Columbia

Uber said in a statement that the ruling of the justice is clear and speaks for itself

Nanaimo Regional General Hospital. (News Bulletin file photo)
COVID-19 outbreak declared at Nanaimo hospital

Two staff members and one patient have tested positive, all on the same floor

Most Read