Property Type: Detached HouseOwnership: Freehold

1495 COATS DRIVE

Gabriola Island, BC V0R1X6

$2,000,000

4 bed4 bath15 parking2,926 sqftBuilt 2003
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Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
House
Lot size
10 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$8,017.28

Interior

Basement
Crawl space, Unknown, Unknown
Heating
Heat Pump, Electric, Wood
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Exterior & Lot

View
View

Parking

Total spaces
15 — covered indicated
Features
Garage, RV

Listing Information

MLS®
R3156080
Listed
August 15, 2026
Time on market
On the market for 17 days
Data last synced
August 28, 2026

Listing provided by: eXp Realty (NA) · Data source: CREA DDF.

Description

Set high on Gabriola Island, this private 10-acre West Coast retreat showcases expansive southern ocean, Gulf Island and mountain views. The approx. 2,926 sq.ft. home features vaulted ceilings, walls of glass, generous decks, 4 beds & 4 baths, including a private 1-bed in-law suite with 2nd kitchen - ideal for family. The acreage includes mature woodland, a former berry orchard and cleared area with potential for gardens, farming, equestrian use or future shop/barn, subject to zoning, permits & buyer verification. An attached double garage or studio potential. (id:63159)

Values & Trends

This listing

$684/sqft

Building average

No other active listings in this building

Gabriola Island average

$588/sqft

35 active listing(s)

Parking: 15 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

15°C

Partly Cloudy

Humidity 85%

Wind N 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 ElementaryElementary4.7 km
Cedar SecondarySecondary6.2 km
Qwam Qwum Stuwixwulh Community SchoolElementary6.3 km
Cedar ElementaryElementary7.1 km
Chase River ElementaryElementary9.6 km
Fulford Community ElementaryElementary10.0 km
Cinnabar Valley ElementaryElementary10.5 km
Bayview ElementaryElementary10.6 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% ($400,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,600,000.00
Periodic payment — Principal & Interest (monthly)$10,322.66
Additional monthly expenses (strata, tax, utilities, etc.)$814.11
Total monthly cost$11,136.76
Interest paid over 5-yr term$458,564.60
Balance at end of term$1,439,205.17

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$400,000
Stress test qualifying rate8.09%
Payment you must qualify for$12,303.44

Cash Needed at Closing

Minimum down payment$400,000
Estimated BC PTT$38,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$439,500

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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