(Image / Victoria Luxury Group)

Have you ever wondered what the most expensive home on Vancouver Island is?

While beautiful harbourside penthouses or homes with indoor ice rinks might jump to mind, the most expensive property on the island can actually be found in humble North Saanich.

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Available for a cool $18 million, the 24.57-acre Queen Mary Bay property sits on the oceanside address of 1850 Lands End Road.

The property boasts a 3,762 square foot main house that features 4 bedrooms, 3 bathrooms (including a 5-piece ensuite attached to the master bedroom), interior cedar trim, vaulted and skylight ceilings, soffiting, and massive windows that highlight the island’s breathtaking coastal views.

The property also includes a “Caretaker’s Cottage” structure that can be rented out or used as a guest house.

However, the existing home and cottage are just some of the reasons for the property’s lofty price tag.

Much of Queen Mary Bay’s value comes from its two-dozen acres of property, which can be redeveloped into new structures or maintained as a private forested oasis.

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Check out these photos and videos of Vancouver Island’s priciest property below:

(Queen Mary Bay / Victoria Luxury Group)
(Queen Mary Bay / Victoria Luxury Group)
(Queen Mary Bay / Victoria Luxury Group)
(Queen Mary Bay / Victoria Luxury Group)
(Queen Mary Bay / Victoria Luxury Group)
(Queen Mary Bay / Victoria Luxury Group)
(Queen Mary Bay / Victoria Luxury Group)
(Queen Mary Bay / Victoria Luxury Group)
(Queen Mary Bay / Victoria Luxury Group)
(Queen Mary Bay / Victoria Luxury Group)
(Queen Mary Bay / Victoria Luxury Group)
(Queen Mary Bay / Victoria Luxury Group)
(Queen Mary Bay / Victoria Luxury Group)