Property Type: Detached HouseOwnership: Freehold

1476 Ruffels Rd

Errington, BC V0R1V0

$977,000

4 bed2 bath10 parking1,473 sqftBuilt 1972
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Property Details

Property & Lot

Sub-type
House
Lot size
11.03 acres
Zoning
Agricultural

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,053

Interior

Heating
Forced air
Cooling / A/C
None
Fireplace
None

Parking

Total spaces
10

Room Dimensions

RoomLevelDimensions
BathroomMain level2-Piece
BathroomMain level3-Piece
EntranceMain level13'5
Laundry roomMain level5'7 x 9'1
BedroomMain level6'5 x 6'10
BedroomMain level6'6 x 6'10
BedroomMain level9'6 x 11'4
Primary BedroomMain level11'4 x 11'7
Family roomMain level11'7 x 13'7
Dining roomMain level11'2 x 13'3
KitchenMain level11'2 x 11'4
Living roomMain level

Listing Information

MLS®
1040875
Listed
June 18, 2026
Time on market
On the market for 74 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Anchor Realty (QU) · Data source: CREA DDF.

Description

Rare 11.5-Acre ALR Property with Rental Income. Discover a rare opportunity to own 11.5 acres of highly usable Agricultural Land Reserve (ALR) property. This versatile acreage features a 1,473 sq. ft. home with 4–5 bedrooms, 1.5 bathrooms, a full-length addition, an attached garage, and a spacious covered deck overlooking the garden. Bathed in excellent sun exposure, the land is perfect for gardening, hobby farming, or peaceful rural living. Immediate Cash Flow An exceptional bonus feature is the separately serviced pad with its own hydro meter, currently generating $600/month in rental income to provide immediate cash flow or future flexibility. Premium Rural & Agricultural Infrastructure:Outbuildings: Four-stall horse barn, detached garage, and multiple storage sheds.Growing Capabilities: Large, partially updated greenhouse and extensive garden space.Land Usability: Approximately half the acreage is cleared and usable. The remaining half was previously logged, opening up massive potential for expansion.Livestock Ready: Roughly 1.5 acres of pasture are already partially fenced, making it ideal for animals. (id:63159)

Values & Trends

This listing

$663/sqft

Building average

No other active listings in this building

Errington/Coombs/Hilliers average

$523/sqft

16 active listing(s)

Parking: 10 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: Qualicum Beach

16°C

Humidity 73%

Wind WSW 4 km/h

Tonight

13°

Tuesday

19°

Tuesday night

14°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Errington ElementaryElementary1.9 km
Pass/Woodwinds AlternateSecondary3.1 km
Springwood ElementaryElementary3.2 km
Ecole Secondaire Ballenas SecondarySecondary3.3 km
Oceanside ElementaryElementary4.7 km
Arrowview ElementaryElementary6.2 km
Kwalikum SecondarySecondary7.5 km
Arrowsmith Independent School(Independent)Elementary9.0 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: Qualicum (SD69)

Mortgage & Ownership Cost Calculator

Minimum required: 7.4% ($72,700) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$781,600.00
Periodic payment — Principal & Interest (monthly)$5,042.62
Additional monthly expenses (strata, tax, utilities, etc.)$328.42
Total monthly cost$5,371.03
Interest paid over 5-yr term$224,008.81
Balance at end of term$703,051.73

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$72,700
Stress test qualifying rate8.09%
Payment you must qualify for$6,953.75

Cash Needed at Closing

Minimum down payment$72,700
Estimated BC PTT$17,540
Legal / closing costs (typical estimate)$1,500
Total cash needed$91,740

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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