Property Type: Detached HouseOwnership: Freehold

1590 Carrington Bay Rd

Cortes Island, BC V0P1Z0

$1,349,000

2 bed2 bath4 parking2,850 sqftBuilt 2006
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Property Details

Property & Lot

Sub-type
House
Lot size
10.18 acres
Zoning
Rural residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,271

Interior

Heating
Baseboard heaters, Wood
Cooling / A/C
None
Fireplace
Yes (3)

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
BathroomSecond level7'9 x 9'11
OfficeSecond level9'6 x 9'8
Primary BedroomSecond level11'6 x 14'8
Dining roomMain level10'3 x 15'1
KitchenMain level11'7 x 13'2
Recreation roomMain level8'6 x 25'4
BathroomMain level5'1 x 9'4
BedroomMain level8'10 x 9'4
Living roomMain level10'10 x 12'5

Listing Information

MLS®
1028530
Listed
March 16, 2026
Time on market
On the market for 168 days
Data last synced
August 28, 2026

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

Description

This 10.18 acres of land includes a 1,633 sq ft 2-bed, 2-bath home, 3-car garage with workshop and cozy guest suite, and additional 1 bed/1bath cabin. The main home features a wood stove, propane range, and a breakfast bar. A gym/craft/multipurpose room adds additional living space on the ground level. Upstairs is the primary bedroom, office, and a bathroom with soaker tub and heated tile floors. French doors open to a deck overlooking the yard, perennial gardens and fruit trees. Additional outdoor spaces include a greenhouse, garden/generator shed, and shaded outdoor living room. The garage is complete with wood stove, skylights, and a bathroom. Above the garage, the 1 bed/1 bath suite is perfect for guests or short-term rental. The cabin has its own driveway and full hookups. A generator provides backup water pressure and power to the house, shop, suite, and cabin. This home offers the potential for a variety of uses, from multi-family living to a quiet retreat or hobby farm. (id:63159)

Values & Trends

This listing

$473/sqft

Building average

No other active listings in this building

Cortes Island average

$654/sqft

12 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: Campbell River

Shallow Fog

14°C

Shallow Fog

Humidity 100%

Wind NW 9 km/h

Tonight

13°

Tuesday

20°

Tuesday night

16°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Cortes Island SchoolElementary7.4 km
Surge Narrows ElementaryK-1214.1 km
Quadra ElementaryElementary14.6 km
Ecole Phoenix MiddleElementary18.2 km
Cedar ElementaryElementary18.8 km
Ecole Des Deux Mondes ElementaryElementary18.8 km
Carihi SecondaryElementary18.9 km
Secondaire CarihiSecondary18.9 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: Campbell River (SD72)

Mortgage & Ownership Cost Calculator

Minimum required: 8.1% ($109,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,079,200.00
Periodic payment — Principal & Interest (monthly)$6,962.63
Additional monthly expenses (strata, tax, utilities, etc.)$582.25
Total monthly cost$7,544.88
Interest paid over 5-yr term$309,301.82
Balance at end of term$970,743.89

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$109,900
Stress test qualifying rate8.09%
Payment you must qualify for$9,528.25

Cash Needed at Closing

Minimum down payment$109,900
Estimated BC PTT$24,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$136,380

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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