Property Type: Detached HouseOwnership: Freehold

1306 Harrison Way

Gabriola Island, BC V0R1X2

$940,000

2 bed2 bath4 parking1,475 sqft
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Property Details

Property & Lot

Sub-type
House
Lot size
0.78 acres
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,850

Interior

Heating
Heat Pump
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Exterior & Lot

View
Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
4 — uncovered indicated
Features
Stall

Room Dimensions

RoomLevelDimensions
Primary BedroomMain level12'1 x 16'3
Living roomMain level17'10 x 21'3
Mud roomMain level6'8 x 11'7
KitchenMain level15'10
EntranceMain level12'2 x 5'3
Dining roomMain level20'9 x 12'3
BedroomMain level12'2 x 14'3
EnsuiteMain level3-Piece
BathroomMain level4-Piece

Listing Information

MLS®
1023948
Listed
January 23, 2026
Time on market
On the market for 220 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Nanaimo Realty (NanIsHwyN) · Data source: CREA DDF.

Description

Wake up to endless ocean views and sunshine at this beautiful .78-acre high-bank waterfront property on Gabriola Island. Thoughtfully updated with all new electrical, plumbing, a ducted heat pump, and a new septic system, this home blends modern comfort with laid-back island living. The open floor plan is filled with natural light—perfect for relaxing, entertaining, or bringing your own creative ideas to life. Outside, you’ll find a storage container with electrical service, RV hookups, and room for a future 24x24 shop. Whether you’re dreaming of a full-time island home or a weekend getaway, this sunny southwest-facing property offers the space, upgrades, and inspiration to create something truly special. (id:63159)

Values & Trends

This listing

$637/sqft

Building average

No other active listings in this building

Gabriola Island average

$590/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

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 ElementaryElementary2.4 km
Qwam Qwum Stuwixwulh Community SchoolElementary4.0 km
Cedar SecondarySecondary4.7 km
Fulford Community ElementaryElementary5.9 km
Chase River ElementaryElementary6.0 km
Bayview ElementaryElementary6.0 km
Pauline Haarer ElementaryElementary6.5 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: 7.3% ($69,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$752,000.00
Periodic payment — Principal & Interest (monthly)$4,851.65
Additional monthly expenses (strata, tax, utilities, etc.)$311.50
Total monthly cost$5,163.15
Interest paid over 5-yr term$215,525.36
Balance at end of term$676,426.43

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$69,000
Stress test qualifying rate8.09%
Payment you must qualify for$6,697.69

Cash Needed at Closing

Minimum down payment$69,000
Estimated BC PTT$16,800
Legal / closing costs (typical estimate)$1,500
Total cash needed$87,300

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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