***OH SAT 2-4PM*** Court-Ordered Sale with a $336,000 PRICE DROP! Perched in a private, elevated setting, in sought-after Olympic View, this 4-bed, 4-bath home offers nearly 3,500 sqft of luxury finishings: premium appliances, walk-in pantry, radiant in-floor heat, heat pump & a main level bedroom for flexible living. The standout primary suite includes a spa-like ensuite, huge walk-in closet & expansive private oceanview deck. The two other top floor bedrooms also feature ensuites & walk-in closets. An additional oceanview main patio & outdoor putting green make this home perfect for relaxing or entertaining. The lower level features a cozy media room & lots of storage. The double car garage & large driveway offer generous parking. This high-end living comes with unobstructed views of the Salish Sea, Juan de Fuca Strait & Olympic Mountains. It's quiet setting is minutes from the shopping, parks & schools of the growing Royal Bay Community *Photos prior to owner moving out with furniture & belongings* (id:2493)
Data was last updated February 7, 2026 at 10:45 PM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$1,499,000
Min list price:
$699,900
Max list price:
$2,149,900
Avg days on market:
32
Min days on market:
1
Max days on market:
241
Avg price per sq.ft.:
$309.07
These statistics are generated based on the current listing's property type
and located in
Olympic View. Average values are
derived using median calculations. This data is not produced by the MLS® system.
There are many names for a Foreclosure home. Many people call it foreclosed home, foreclosure home, bank repossessed house, or Court Ordered Sale. They mean the same thing. So what exactly does foreclosure mean?
In its simplest meaning, the word foreclosure means to deprive a borrower (in default) of the right to redeem the mortgaged property. In a way, it’s like a divorce proceeding – the borrower and lender under a mortgage go their separate way.
Foreclosure home sale is very different from a regular home sale. If you need an experienced Vancouver Realtor to guide you through the process, please let me know.
What is the process of Foreclosure in BC Canada?
See below simplified steps in a Foreclosure proceeding to find out how foreclosure works in BC.
Demand letter.
Petition.
Order Nisi.
Judicial Sale.
Order Made After Application.
To see the detailed steps in a foreclosure proceeding. Please let me know.
Please note that this blog is for information only. Buyers & Sellers are advised to obtain independent legal advice before buying or selling a real estate property.
Here’s a simple guide on how to buy a Foreclosure Home in BC
Search Foreclosure Listings BC
Find a Realtor to write an offer.
Review the Schedule A with the Realtor. Schedule A contains clauses that specifically protect the lender. The buyers must be aware that they are accepting the property “as is” and must sign this schedule to have their offer accepted by the lender.
Acceptance of the offer. The offer may have conditions precedent, and it is advisable that the offer is left open for acceptance for a period of two or three days.
The hearing of the application for order approving the sale.