Property Type: Condo / ApartmentOwnership: Fractional Ownership / Strata

106 1175 Resort Dr

Parksville, BC V9P2E3

$140,000

1 bed1 bath596 sqftBuilt 2006
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Property Details

Property & Lot

Sub-type
Apartment
Zoning
Residential/Commercial

CM5D

Ownership & Fees

Property type
Condo / Apartment
Ownership
Fractional Ownership / Strata
Strata / maintenance fee
$880/mo
Annual property tax
$1,636.92

Interior

Heating
Baseboard heaters, Electric, Other
Cooling / A/C
See Remarks
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view
Waterfront
Waterfront on ocean

Restrictions & Policies

Pets
Not allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
Living roomMain level12'0 x 13'5
KitchenMain level9'2 x 11'5
Primary BedroomMain level9'10 x 16'0
BathroomMain level6'1 x 10'7

Listing Information

MLS®
979915
Listed
October 31, 2024
Time on market
On the market for 669 days
Data last synced
August 28, 2026

Listing provided by: REMAX Professionals (NA) · Data source: CREA DDF.

Description

A RARE opportunity to be a 50% owner of a 1 Bdm/1 Bath condo, by purchasing FOUR-1/8th ownerships in the beautiful resort of Sunrise Ridge in Parksville, B.C. These 1/8th fractional ownerships, (not to be confused with Time Shares,) are allocated in the ''A, D, E & F'' Rotations, which will give you 24-28 weeks of every year from early April until late December to reside or place in the rental program. Unique and accessible ground floor unit with open floorplan, vaulted ceilings, large living room & kitchen area, as well as an oversized bedroom and luxurious ensuite. Should you not wish to utilize some or all of your allocated weeks, you can place them in the resort's rental program and generate income to offset your monthly ownership fees annually. This superbly managed Vacation Rental Resort is completely ''Turn Key'' and worry free, with all furnishings, appliances, TV's, linens, kitchen items, etc. The monthly ownership fee of $880.00 (for all 4 ownerships,) includes the strata fees and all other expenses, (ie: Property taxes, all utilities, all insurance, maintenance of the unit, the grounds, replacement of furniture & items needed, as well as the use of all the resort amenities.) (id:63159)

Values & Trends

This listing

$235/sqft

Building average

$213/sqft

11 active listing(s)

Sunrise Ridge Resort average

$69/sqft

1 active listing(s)

Parking: Not indicatedStorage 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.

Population

13,642

(2021 Census)

+9.5% since 2016

Density: 939.5/km²

Dwellings: 7,105

Median household income: $66,500

After-tax: $61,200

Immigrant population: 17.1%

Top countries of origin (% of total population)

  • United Kingdom6.7% · 915
  • Germany1.6% · 215
  • Philippines1.5% · 210
  • United States of America1.4% · 195
  • Netherlands0.7% · 90
  • China0.4% · 50
  • Korea, South0.3% · 45
  • South Africa, Republic of0.3% · 35

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

33

4/9 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
Springwood ElementaryElementary4.7 km
Ecole Secondaire Ballenas SecondarySecondary5.8 km
Pass/Woodwinds AlternateSecondary6.0 km
Errington ElementaryElementary6.5 km
Nanoose Bay ElementaryElementary6.5 km
Mountain View ElementaryElementary7.2 km
Oceanside ElementaryElementary7.4 km
Arrowview ElementaryElementary11.0 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

Restaurants (3)

  • Cedars Restaurant & Lounge · 1155 Resort Dr216 m
  • Black Goose Inn539 m
  • Black Goose Inn541 m

Cafes (1)

  • Serious Coffee & Tea · 1209 East Island Highway261 m

Parks (4)

  • Resort Drive Park · 1160 Resort Drive188 m
  • Unnamed276 m
  • Craig Heritage Park499 m
  • Rotary Peach Park663 m

Gyms (1)

  • Unnamed206 m

Nearby places data: © OpenStreetMap contributors.

School district: Qualicum (SD69)

Other Listings in This Building

Other units currently listed in the same building. 106 1175 Resort Dr

View building profile →
Built 2006

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($7,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$112,000.00
Periodic payment — Principal & Interest (monthly)$722.59
Additional monthly expenses (strata, tax, utilities, etc.)$1,046.41
Total monthly cost$1,769.00
Interest paid over 5-yr term$32,099.52
Balance at end of term$100,744.36

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$7,000
Stress test qualifying rate8.09%
Payment you must qualify for$1,022.72

Cash Needed at Closing

Minimum down payment$7,000
Estimated BC PTT$1,400
Legal / closing costs (typical estimate)$1,500
Total cash needed$9,900

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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