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. (id:2493)