Property Type: Detached HouseOwnership: Freehold

1160 Cappon Lane

Gabriola Island, BC V0R1X7

$1,500,000

3 bed3 bath6 parking2,624 sqftBuilt 1976
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Property Details

Property & Lot

Sub-type
House
Lot size
5 acres
Zoning
Residential

R3

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,724.3

Interior

Heating
Baseboard heaters, Electric, Wood, Other
Cooling / A/C
None
Fireplace
Yes (2)

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
6

Room Dimensions

RoomLevelDimensions
OfficeSecond level12'10 x 16'6
EntranceMain level12'1 x 8'9
Living roomMain level11'7 x 21'6
KitchenMain level6'4 x 16'5
Dining roomMain level11'11 x 16'10
Family roomMain level15'1 x 16'10
BedroomMain level13'4 x 16'8
BathroomMain level3-Piece
BedroomMain level11'9 x 16'8
BathroomMain level4-Piece
Laundry roomMain level7'2 x 6'5
Primary BedroomMain level18'11
EnsuiteMain level3-Piece
Utility roomMain level11'9 x 5'2

Listing Information

MLS®
1033974
Listed
May 1, 2026
Time on market
On the market for 122 days
Data last synced
August 28, 2026

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

Description

Set on a high-bank waterfront 5-acre estate, this beautiful property offers complete privacy, sweeping ocean views, and a lifestyle that blends rural charm with coastal elegance. Gated and fully fenced, the property is thoughtfully laid out with approximately 40% forest providing a natural buffer, while the balance features open fields, a micro vineyard, and the residence—creating a picturesque and highly usable landscape. The 3-bedroom, 2-bathroom home is perfectly positioned to capture ocean, coastal mountain and sunset view – Just WOW! A newer septic system, reliable well, and three cisterns ensure excellent water security, while a 2-car garage and abundant additional parking provide convenience for vehicles, equipment, and guests. For those seeking a lifestyle property, the micro vineyard adds a unique and rewarding element, while the existing tennis court—ready for revitalization—offers future recreational potential. Whether you're entertaining, gardening, or simply enjoying the peaceful surroundings, this property delivers an unmatched sense of space and seclusion. A rare opportunity to own a completely private waterfront acreage with incredible views, usable land, and distinctive features—ideal as a full-time residence, recreational retreat, or legacy property. All measurements are considered approximate. Please verify if important. (id:63159)

Values & Trends

This listing

$572/sqft

Building average

No other active listings in this building

Gabriola Island average

$592/sqft

35 active listing(s)

Parking: 6 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

13°C

Partly Cloudy

Humidity 88%

Wind WSW 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 ElementaryElementary7.6 km
Cedar SecondarySecondary10.6 km
Qwam Qwum Stuwixwulh Community SchoolElementary10.7 km
Cedar ElementaryElementary11.2 km
Chase River ElementaryElementary14.0 km
Fulford Community ElementaryElementary14.3 km
Bayview ElementaryElementary14.6 km
Cinnabar Valley ElementaryElementary14.9 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: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($300,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,200,000.00
Periodic payment — Principal & Interest (monthly)$7,741.99
Additional monthly expenses (strata, tax, utilities, etc.)$608.03
Total monthly cost$8,350.02
Interest paid over 5-yr term$343,923.45
Balance at end of term$1,079,403.88

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$300,000
Stress test qualifying rate8.09%
Payment you must qualify for$9,227.58

Cash Needed at Closing

Minimum down payment$300,000
Estimated BC PTT$28,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$329,500

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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