Property Type: Detached HouseOwnership: Freehold

1157 TENNYSON RD

Savary Island, BC

$499,000

3 bed1 bath1,323 sqft
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Property Details

Property & Lot

Sub-type
House
Lot size
14,810 square feet
Frontage
50 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,763

Interior

Fireplace
None

Room Dimensions

RoomLevelDimensions
Living roomMain level
KitchenMain level
Primary BedroomMain level
3pc BathroomMain level
BedroomMain level
OtherAbove
BedroomAbove
OtherAbove

Listing Information

MLS®
18918
Listed
April 29, 2025
Time on market
On the market for 489 days
Data last synced
August 28, 2026

Listing provided by: SAVARY ISLAND REAL ESTATE CORP · Data source: CREA DDF.

Description

With this property the heavy lifting is already done, so with a few finishing touches, you have a perfectly located island getaway. Sunset Trail and the Meadows Beach are both nearby, providing miles of beaches to explore just outside your door. The spacious cottage boasts an open-concept design with high, vaulted ceilings. Large windows flood the space with natural light and offer beautiful forest views. Outside, an expansive wooden deck extends the living space into the surrounding forest, perfect for outdoor relaxation or entertaining. The property has a drilled well and septic system already in place so you have the perfect home away from home. Savary Island is one of the most beautiful BC Islands and has been called the Canadian Caribbean. With its white sand beaches and warm summer waters, Savary Island is still one of BC's best kept secrets. Live cybertours available (id:63159)

Values & Trends

This listing

$377/sqft

Building average

No other active listings in this building

Savary Island average

$641/sqft

20 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: Powell River

Mostly Cloudy

13°C

Mostly Cloudy

Humidity 100%

Wind ESE 6 km/h

Tonight

12°

Tuesday

21°

Tuesday night

15°

Wednesday

17°

Wednesday night

12°

Thursday

17°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Cortes Island SchoolElementary16.2 km
Miracle Beach ElementaryElementary20.8 km
James Thomson ElementaryElementary22.0 km
Navigate AcademyElementary22.7 km
Henderson ElementaryElementary24.1 km
Ocean Grove ElementaryElementary24.1 km
Secondaire BrooksSecondary24.3 km
Brooks SecondaryElementary24.3 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)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($24,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$399,200.00
Periodic payment — Principal & Interest (monthly)$2,575.50
Additional monthly expenses (strata, tax, utilities, etc.)$296.25
Total monthly cost$2,871.75
Interest paid over 5-yr term$114,411.87
Balance at end of term$359,081.69

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$24,950
Stress test qualifying rate8.09%
Payment you must qualify for$3,645.28

Cash Needed at Closing

Minimum down payment$24,950
Estimated BC PTT$7,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$34,430

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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