Property Type: Detached HouseOwnership: Freehold

1012 Fairdowne Rd

Errington, BC V9P2C1

$899,000

3 bed2 bath6 parking2,127 sqftBuilt 1964
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Property Details

Property & Lot

Sub-type
House
Lot size
2.21 acres
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,775.1

Interior

Heating
Wood
Cooling / A/C
None
Fireplace
Yes (2)

Parking

Total spaces
6

Room Dimensions

RoomLevelDimensions
OtherSecond level3'8 x 9'8
Bonus RoomSecond level30'1 x 10'0
BathroomSecond level6'11 x 9'4
BedroomSecond level20'5 x 15'6
Living roomMain level25'4 x 29'6
BathroomMain level9'9 x 5'7
OtherMain level8'6 x 9'10
BedroomMain level9'9 x 11'10
Primary BedroomMain level12'7 x 13'3
KitchenMain level19'10 x 19'10

Listing Information

MLS®
1044727
Listed
August 1, 2026
Time on market
On the market for 30 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Island Living (PK) · Data source: CREA DDF.

Description

This 2.21-acre timbered property offers a private, quiet setting only minutes away from Parksville’s main shops, services, and amenities. The existing 3-bedroom, 2-bathroom home comes equipped with a front porch and two exterior decks for outdoor space, plus an attached two-car garage that makes it easy to store equipment and park multiple vehicles. Key maintenance was addressed with a roof replacement in 2019. The house itself requires updates and general care, offering a great entry point for buyers who want to renovate, personalize the space, and add immediate value. It is the perfect fit for anyone searching for a sizeable property with mature trees and proximity to town amenities. (id:63159)

Values & Trends

This listing

$423/sqft

Building average

No other active listings in this building

Errington/Coombs/Hilliers average

$538/sqft

16 active listing(s)

Parking: 6 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Nearest station: Qualicum Beach

16°C

Humidity 73%

Wind WSW 4 km/h

Tonight

13°

Tuesday

19°

Tuesday night

14°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Springwood ElementaryElementary1.6 km
Errington ElementaryElementary1.8 km
Pass/Woodwinds AlternateSecondary2.0 km
Ecole Secondaire Ballenas SecondarySecondary2.1 km
Oceanside ElementaryElementary4.0 km
Arrowview ElementaryElementary6.5 km
Kwalikum SecondarySecondary8.2 km
Arrowsmith Independent School(Independent)Elementary10.4 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

School district: Qualicum (SD69)

Mortgage & Ownership Cost Calculator

Minimum required: 7.2% ($64,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$719,200.00
Periodic payment — Principal & Interest (monthly)$4,640.03
Additional monthly expenses (strata, tax, utilities, etc.)$420.59
Total monthly cost$5,060.63
Interest paid over 5-yr term$206,124.79
Balance at end of term$646,922.73

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$64,900
Stress test qualifying rate8.09%
Payment you must qualify for$6,413.94

Cash Needed at Closing

Minimum down payment$64,900
Estimated BC PTT$15,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$82,380

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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