Property Type: Detached House

1704 Tiber Bay Rd

Cortes Island, BC V0P1K0

$2,999,000

3 bed3 bath5 parking3,588 sqftBuilt 2009
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Property Details

Property & Lot

Sub-type
House
Lot size
150 acres
Zoning
Other

Community Land Steward

Ownership & Fees

Property type
Detached House
Strata / maintenance fee
$0/mo
Annual property tax
$3,537

Interior

Heating
Heat Pump, Baseboard heaters, Wood, Hot Water, Other
Cooling / A/C
None
Fireplace
Yes (2)

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
5 — covered indicated
Features
Detached Garage

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
BathroomLower level3-Piece
BedroomAdditional Accommodation11'1 x 13'7
BedroomLower level9'8
SunroomMain level5'2 x 10'11
BathroomMain level4-Piece
BedroomMain level11'1 x 14'5
Mud roomMain level9'5 x 9'8
BathroomMain level5'6 x 5'9
PantryMain level7'3 x 9'5
KitchenMain level15'7
Dining roomMain level7'9 x 9'8
Living roomMain level11'3 x 13'1

Listing Information

MLS®
1033519
Listed
April 28, 2026
Time on market
On the market for 125 days
Data last synced
August 28, 2026

Listing provided by: Sotheby's International Realty Canada (Vic2) · Data source: CREA DDF.

Description

Unique Coastal Retreat Perched on a bluff facing Desolation Sound, this extraordinary Cortes property offers a unique way of life along the coastal shoreline. Framed by standing forest and open to panoramic ocean views, the property includes a masterfully crafted 3 bedroom, 2 bath main home (2,225 sq. ft. including loft) with tiered decks, a separate water-view studio with kitchen sink, bathroom, and sleeping accommodation (448 sq. ft.), plus a magical 915 sq. ft. arts building with dance studio, sleeping loft, water closet, and pottery space, a kayak shelter steps from the shore, and a fenced garden — all built by local craftspeople using timber harvested from the land itself. Several shareholders maintain private mooring buoys off the shared foreshore, putting a boat within reach of some of the most protected cruising water on the coast. The home sits within a 152-acre co-operative property zoned Community Land Stewardship, with extensive protections in place to preserve the surrounding ecosystem. As a co-op share, ownership includes use of the shared waterfront land and amenities rather than a separately titled parcel. (id:63159)

Values & Trends

This listing

$836/sqft

Building average

No other active listings in this building

Cortes Island average

$624/sqft

12 active listing(s)

Parking: 5 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 SchoolElementary7.1 km
Quadra ElementaryElementary23.5 km
Surge Narrows ElementaryK-1224.0 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: Campbell River (SD72)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($599,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,399,200.00
Periodic payment — Principal & Interest (monthly)$15,478.82
Additional monthly expenses (strata, tax, utilities, etc.)$473.75
Total monthly cost$15,952.57
Interest paid over 5-yr term$687,617.62
Balance at end of term$2,158,088.16

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$599,800
Stress test qualifying rate8.09%
Payment you must qualify for$18,449.01

Cash Needed at Closing

Minimum down payment$599,800
Estimated BC PTT$67,970
Legal / closing costs (typical estimate)$1,500
Total cash needed$669,270

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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