Property Type: Detached HouseOwnership: Leasehold

10826 MARINERS WAY

Powell River, BC V8A0G5

$799,900

6 bed2 bath1 parking2,676 sqftBuilt 1997
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Property Details

Property & Lot

Sub-type
House
Lot size
0.8 acres

Ownership & Fees

Property type
Detached House
Ownership
Leasehold

Interior

Heating
Baseboard heaters, Electric, Other
Fireplace
Yes (1)
Fireplace type
Wood, Conventional

Exterior & Lot

View
Ocean view
Waterfront
Waterfront

Parking

Total spaces
1 — covered indicated
Features
Garage, Open

Room Dimensions

RoomLevelDimensions
FoyerMain level
Living roomAbove
Dining roomAbove
KitchenAbove
Primary BedroomMain level
WorkshopBasement
WorkshopBasement
BedroomAbove
BedroomMain level
BedroomAbove
BedroomMain level
BedroomBasement
3pc BathroomAbove
3pc BathroomMain level

Listing Information

MLS®
19876
Listed
May 15, 2026
Time on market
On the market for 108 days
Data last synced
August 28, 2026

Listing provided by: 2% REALTY PACIFIC COAST · Data source: CREA DDF.

Description

MEMORY MAKER. Affordable oceanfront living in beautiful Penrose Bay, Okeover Inlet (gateway to Desolation Sound), northwest of Powell River. Kids and Grandkids will love learning to swim and fish just steps from the house. Pick Oysters off the beach, set the prawn traps, and explore the inlet by kayak. As day turns to evening, dinner on the deck becomes a cherished ritual. Share stories of the one that got away, watch Orcas play just offshore, unwind in the hammock with a glass of wine and enjoy the glow of the wood fireplace. Maybe a "quick" game of monopoly to cap off this perfect day. This private leasehold property offers over 900 pre -paid years left on the lease - a rare opportunity to create generational memories in a truly special place. www.penrosebaynorth.ca. (id:63159)

Values & Trends

This listing

$299/sqft

Building average

No other active listings in this building

Powell River average

$438/sqft

129 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

Mostly Cloudy

14°C

Mostly Cloudy

Humidity 100%

Wind NE 3 km/h

Tonight

12°

Tuesday

21°

Tuesday night

15°

Wednesday

17°

Wednesday night

12°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

13,943

(2021 Census)

+6% since 2016

Density: 482.3/km²

Dwellings: 6,718

Median household income: $67,000

After-tax: $61,200

Immigrant population: 12.8%

Top countries of origin (% of total population)

  • United Kingdom3.7% · 520
  • United States of America1.3% · 180
  • Italy0.9% · 120
  • Germany0.8% · 110
  • Netherlands0.6% · 80
  • Philippines0.5% · 75
  • China0.4% · 55
  • India0.4% · 50

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
James Thomson ElementaryElementary17.8 km
Cortes Island SchoolElementary19.4 km
Henderson ElementaryElementary20.7 km
Secondaire BrooksSecondary21.0 km
Brooks SecondaryElementary21.0 km
Edgehill ElementaryElementary23.6 km
Cote-du-SoleilElementary/Middle24.4 km
Assumption School(Independent)Elementary24.9 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: Powell RIver (SD47)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 6.9% ($54,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$639,920.00
Periodic payment — Principal & Interest (monthly)$4,128.55
Additional monthly expenses (strata, tax, utilities, etc.)$134.00
Total monthly cost$4,262.55
Interest paid over 5-yr term$183,402.91
Balance at end of term$575,610.11

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$54,990
Stress test qualifying rate8.09%
Payment you must qualify for$5,728.10

Cash Needed at Closing

Minimum down payment$54,990
Estimated BC PTT$13,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$70,488

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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