Property Type: Detached HouseOwnership: Freehold

1087 Chappel Pl

Gabriola Island, BC V0R1X2

$478,000

2 bed2 bath4 parking1,056 sqftBuilt 1981
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Property Details

Property & Lot

Sub-type
House
Zoning
Residential

SRR

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,333.37

Interior

Heating
Heat Pump, Baseboard heaters, Wood
Cooling / A/C
See Remarks
Fireplace
Yes (1)

Parking

Total spaces
4 — uncovered indicated
Features
Stall

Room Dimensions

RoomLevelDimensions
EntranceMain level
EnsuiteSecond level2-Piece
KitchenMain level
Living room/Dining roomMain level
Bonus RoomSecond level
Primary BedroomSecond level
BedroomMain level
BathroomMain level4-Piece
BalconySecond level

Listing Information

MLS®
1044390
Listed
August 5, 2026
Time on market
On the market for 26 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Nanaimo Realty Gabriola · Data source: CREA DDF.

Description

Make island life a realty! Affordable 1056 sq ft home close to village, ferry and beaches easily accessed with circular driveway. .6 acre lot offers gardening opportunity and privacy. Outside deck is a perfect place to enjoy outside living celebrating nature! Measurements are approximate and should be verified if important. (id:63159)

Values & Trends

This listing

$453/sqft

Building average

No other active listings in this building

Gabriola Island average

$595/sqft

35 active listing(s)

Parking: 4 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: 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.

Nearby Schools

SchoolTypeDistance
Gabriola ElementaryElementary1.9 km
Qwam Qwum Stuwixwulh Community SchoolElementary4.8 km
Cedar SecondarySecondary5.5 km
Bayview ElementaryElementary5.8 km
Fulford Community ElementaryElementary6.0 km
Pauline Haarer ElementaryElementary6.1 km
Chase River ElementaryElementary6.3 km
Park Avenue ElementaryElementary6.5 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: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($23,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$382,400.00
Periodic payment — Principal & Interest (monthly)$2,467.12
Additional monthly expenses (strata, tax, utilities, etc.)$247.45
Total monthly cost$2,714.56
Interest paid over 5-yr term$109,596.94
Balance at end of term$343,970.04

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$23,900
Stress test qualifying rate8.09%
Payment you must qualify for$3,491.87

Cash Needed at Closing

Minimum down payment$23,900
Estimated BC PTT$7,560
Legal / closing costs (typical estimate)$1,500
Total cash needed$32,960

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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