Property Type: Detached HouseOwnership: Freehold

105 Island Park Dr

Galiano Island, BC V0N1P0

$879,000

3 bed2 bath1 parking2,460 sqftBuilt 2003
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Property Details

Property & Lot

Sub-type
House
Lot size
15,682 square feet
Zoning
Unknown

SLR

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,774.53

Interior

Heating
Electric, Other
Cooling / A/C
None
Fireplace
Yes (1)

Exterior & Lot

View
Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
1

Room Dimensions

RoomLevelDimensions
StudioThird level7'2 x 11'3
BathroomSecond level2-Piece
BedroomSecond level10'7 x 11'11
DenSecond level10'10 x 12'0
Recreation roomOther13'8 x 15'2
BedroomOther6'6 x 7'5
WorkshopLower level14'8 x 19'4
StorageLower level13'6 x 15'1
Utility roomLower level9'0 x 12'3
BathroomMain level4-Piece
Primary BedroomMain level9'11 x 12'0
Dining roomMain level9'6 x 10'0
KitchenMain level10'8 x 13'4
Living roomMain level12'4 x 26'10

Listing Information

MLS®
1044600
Listed
July 29, 2026
Time on market
On the market for 33 days
Data last synced
August 28, 2026

Listing provided by: Oakwyn Realty Ltd. · Data source: CREA DDF.

Description

WALK-ON-WATERFRONT WITH POWER & WATER! Escape to your own waterfront retreat on beautiful Gossip Island, just 5 minutes by boat from Galiano Island. This exceptional property offers 98' of sandstone shoreline and panoramic Salish Sea views in a peaceful, private setting. The thoughtfully designed 2,460sf home features vaulted ceilings, skylights, heated concrete floors, granite and terra cotta finishes, and a soapstone Tulikivi fireplace. The well-appointed kitchen flows seamlessly to an expansive oceanfront deck, perfect for entertaining or relaxing. Offering 2 bedrooms, 2 bathrooms, plus a spacious recreation room with two additional sleeping areas, there's plenty of room for family and guests. High-speed internet makes full-time living or remote work effortless. Includes: 12' Stabicraft boat, Bombardier ATV, Honda generator, Whaler Bay moorage on Galiano Island, and a designated slip at the Gossip Island dock. A rare opportunity to own a spectacular Gulf Island waterfront retreat. (id:63159)

Values & Trends

This listing

$357/sqft

Building average

No other active listings in this building

Galiano average

$1,093/sqft

8 active listing(s)

Parking: 1 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: Gulf Islands (Southern)

16°C

Humidity 73%

Wind WSW 2 km/h

Tonight

13°

Tuesday

19°

Tuesday night

14°

Wednesday

17°

Wednesday night

12°

Thursday

17°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Galiano Community SchoolElementary1.3 km
Mayne Island SchoolElementary5.7 km
Salt Spring ElementaryElementary14.0 km
Gulf Islands SecondarySecondary14.3 km
Phoenix PlaceSecondary14.4 km
Pender Islands Elem-SecondaryElementary/Middle14.6 km
Saturna Island Elementary SecondaryK-1215.4 km
Fernwood ElementaryElementary16.1 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: Gulf Islands (SD64)

Mortgage & Ownership Cost Calculator

Minimum required: 7.2% ($62,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$703,200.00
Periodic payment — Principal & Interest (monthly)$4,536.81
Additional monthly expenses (strata, tax, utilities, etc.)$520.88
Total monthly cost$5,057.69
Interest paid over 5-yr term$201,539.14
Balance at end of term$632,530.67

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$62,900
Stress test qualifying rate8.09%
Payment you must qualify for$6,275.52

Cash Needed at Closing

Minimum down payment$62,900
Estimated BC PTT$15,580
Legal / closing costs (typical estimate)$1,500
Total cash needed$79,980

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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