Property Type: Land / LotOwnership: Freehold

1040 McClay Way

Gabriola Island, BC V0R1X3

$355,000

0 bed0 bath4 parking
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Property Details

Property & Lot

Lot size
0.76 acres
Zoning
Unknown

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,029

Interior

Fireplace
None

Parking

Total spaces
4

Listing Information

MLS®
1031143
Listed
April 9, 2026
Time on market
On the market for 144 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Nanaimo Realty (NanIsHwyN) · Data source: CREA DDF.

Description

Gabriola Island Retreat on Sunny .76 Acre Located just minutes from the village, ball fields, and scenic walking trails, this private and sunny .76-acre property offers a unique opportunity to enjoy island living. The land is thoughtfully developed with a 4-season geodesic dome (approx. 3 years old), manufactured by Phoenix Domes. Set on a raised, insulated platform and finished with Rockwool insulation, the dome is designed for year-round use and features an Oopik wood stove for warmth and comfort. A charming tiny cabin adds incredible character and flexibility to the property, perfect as a cozy retreat space, guest accommodation, or creative studio. The property supports a self-sufficient lifestyle with a 20’x30’ fenced garden, rainwater collection system, and a well. Outbuildings include a wood shed and power shed. A peaceful and functional property in a convenient location, ideal as a weekend retreat or future building site. (id:63159)

Location Insights

Weather

Nearest station: Nanaimo

Partly Cloudy

15°C

Partly Cloudy

Humidity 85%

Wind N 2 km/h

Tonight

12°

Tuesday

21°

Tuesday night

14°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

7

1/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Gabriola ElementaryElementary1.5 km
Qwam Qwum Stuwixwulh Community SchoolElementary7.4 km
Cedar SecondarySecondary7.9 km
Pauline Haarer ElementaryElementary9.1 km
Bayview ElementaryElementary9.1 km
Fulford Community ElementaryElementary9.4 km
Chase River ElementaryElementary9.6 km
Cedar ElementaryElementary9.6 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.

Nearby Places

Parks (2)

  • Rollo McClay Community Park · 1100 McClay Way492 m
  • Sandwell Provincial Park Parking799 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($17,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$284,000.00
Periodic payment — Principal & Interest (monthly)$1,832.27
Additional monthly expenses (strata, tax, utilities, etc.)$85.75
Total monthly cost$1,918.02
Interest paid over 5-yr term$81,395.22
Balance at end of term$255,458.92

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$17,750
Stress test qualifying rate8.09%
Payment you must qualify for$2,593.33

Cash Needed at Closing

Minimum down payment$17,750
Estimated BC PTT$5,100
Legal / closing costs (typical estimate)$1,500
Total cash needed$24,350

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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