109 Malaspina Dr
Gabriola Island, BC V0R1X1
$1,450,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 13,068 square feet
- Zoning
- Unknown
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,022
Interior
- Heating
- Heat Pump, Baseboard heaters, Electric, Wood
- Cooling / A/C
- Air Conditioned
- Fireplace
- Yes (1)
Exterior & Lot
- View
- Mountain view, Ocean view
- Waterfront
- Waterfront on ocean
Parking
- Total spaces
- 2
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Loft | Second level | 11'6 |
| Bedroom | Other | — |
| Ensuite | Other | 7'5 |
| Bedroom | Other | 15'10 x 11'6 |
| Living room | Main level | 18'6 |
| Family room | Main level | 16'10 x 9'7 |
| Bathroom | Other | 6'8 x 4'4 |
| Bathroom | Other | 7'5 x 7'11 |
| Bedroom | Other | 12'10 x 11'4 |
| Dining room | Main level | 15'5 x 13'4 |
| Kitchen | Main level | 14'6 x 10'4 |
Listing Information
- MLS®
- 1044001
- Listed
- August 6, 2026
- Time on market
- On the market for 25 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Nanaimo Realty Gabriola · Data source: CREA DDF.
Description
RARE SOUTH-FACING, SWIMMABLE WATERFRONT in the sheltered waters of McConvey Bay. Set on 0.30 acres near the Malaspina Galleries, this property captures stunning ocean views, vibrant marine life, and unforgettable west coast sunsets. A staircase leads to the beach with a small boat launch davit, offering easy access to fishing and crabbing. The expansive ocean-side sundeck is ideal for entertaining or relaxing, complete with multiple seating areas and a hot tub to take in the ever-changing coastal scenery. Spend your days on the water and your evenings watching the sun set over the bay.The 3-bedroom, 3-bathroom home offers approx. 2,080 sq ft over two main levels with additional split-level spaces, providing flexibility for family and guests. Vaulted ceilings, a cedar feature wall, and a wall of windows in the living room frame the ocean views and create a warm, inviting space. Heating is provided by a woodstove and heat pump. An attached carport and garage add convenience. Tiered access to the shoreline enhances privacy and connection to the ocean. A rare opportunity to secure a swimmable waterfront property in one of Gabriola Island’s most desirable settings. All information to be verified by a buyer if deemed important. Full information package is available including floor plans, virtual tour and video. (id:63159)
Values & Trends
This listing
$697/sqft
Building average
—
No other active listings in this building
Gabriola Island average
$588/sqft
35 active listing(s)
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
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
11
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
| School | Type | Distance |
|---|---|---|
| Gabriola Elementary | Elementary | 2.9 km |
| Pauline Haarer Elementary | Elementary | 5.8 km |
| Brechin Elementary | Elementary | 6.3 km |
| Bayview Elementary | Elementary | 6.5 km |
| Oceane | Elementary | 6.6 km |
| Fairview Elementary | Elementary | 6.8 km |
| Discover Montessori School(Independent) | Elementary/Middle | 6.9 km |
| Career Technical Centre | Secondary | 6.9 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.
Nearby Places
Parks (3)
- Malaspina Galleries Community Park133 m
- Decourcy Peninsula 2 Water Access675 m
- Decourcy Peninsula 3 Water Access741 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 8.3% ($120,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.