Property Type: Detached HouseOwnership: Freehold

1440 VELVET ROAD

Gibsons, BC V0N1V5

$980,000

2 bed1 bath2 parking1,068 sqftBuilt 1980
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Property Details

Property & Lot

Sub-type
House
Style
Bungalow
Lot size
20,473 square feet
Frontage
58 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$0 (2026)

Interior

Heating
Baseboard heaters, Electric, Natural gas
Fireplace
Yes (1)

Exterior & Lot

View
View

Building

Parcel ID (PID)
007-994-869

Parking

Total spaces
2 — covered indicated
Features
Carport

Listing Information

MLS®
R3149923
Listed
July 25, 2026
Time on market
On the market for 37 days
Tax assessment year
2026
Data last synced
August 30, 2026

Listing provided by: RE/MAX City Realty · Data source: CREA DDF.

Description

Welcome to 1440 Velvet Road - a fully renovated Lindal home on a private half-acre at the end of a quiet Gibsons cul-de-sac. Renovated in 2023, this sun-drenched retreat pairs timeless post-and-beam architecture with clean, modern finishes throughout. Wake up to ocean views and fall asleep to the sound of Chaster Creek. This is end-of-road privacy at its finest, with no through-traffic and a setting that feels worlds away while staying close to everything Gibsons has to offer. Soaring windows flood the home with natural light and frame the view from nearly every room, while the half-acre lot offers space to garden, entertain, or simply enjoy nature. Located in the sought-after Cedar Grove catchment, this is a rare opportunity for anyone craving a true West Coast lifestyle - renovated, move-in ready, and connected to the rhythm of Howe Sound. (id:63159)

Values & Trends

This listing

$918/sqft

Building average

No other active listings in this building

Gibsons average

$721/sqft

84 active listing(s)

Parking: 2 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

13°C

Humidity 91%

Wind NNW 6 km/h

Tonight

13°

Tuesday

20°

Tuesday night

14°

Wednesday

17°

Wednesday night

12°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

4,758

(2021 Census)

+3.3% since 2016

Density: 1,103.9/km²

Dwellings: 2,482

Median household income: $70,000

After-tax: $63,200

Immigrant population: 21.3%

Top countries of origin (% of total population)

  • United Kingdom5.9% · 280
  • United States of America2% · 95
  • Philippines1.4% · 65
  • Germany1.2% · 55
  • Korea, South1.1% · 50
  • India0.9% · 45
  • South Africa, Republic of0.7% · 35
  • Poland0.6% · 30

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

15

2/9 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

SchoolTypeDistance
Cedar Grove ElementaryElementary979 m
Gibsons ElementaryElementary2.9 km
Elphinstone SecondarySecondary2.9 km
Sunshine Coast Alternative SchoolK-123.0 km
Langdale ElementaryElementary7.3 km
Roberts Creek ElementaryElementary7.6 km
Davis Bay ElementaryElementary13.8 km
Island Pacific School(Independent)Middle14.3 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.

Nearby Places

Restaurants (1)

  • Chasters Restaurant · 1532 Ocean Beach Esplanade474 m

Parks (3)

  • Cedar Meadows Park · 1441 Bonniebrook Heights Road347 m
  • Unnamed498 m
  • Chaster Park · 1577 Ocean Beach Esplanade603 m

Nearby places data: © OpenStreetMap contributors.

School district: Sunshine Coast (SD46)

Mortgage & Ownership Cost Calculator

Minimum required: 7.4% ($73,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$784,000.00
Periodic payment — Principal & Interest (monthly)$5,058.10
Additional monthly expenses (strata, tax, utilities, etc.)$53.00
Total monthly cost$5,111.10
Interest paid over 5-yr term$224,696.65
Balance at end of term$705,210.54

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$73,000
Stress test qualifying rate8.09%
Payment you must qualify for$6,974.51

Cash Needed at Closing

Minimum down payment$73,000
Estimated BC PTT$17,600
Legal / closing costs (typical estimate)$1,500
Total cash needed$92,100

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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