Property Type: Condo / ApartmentOwnership: Strata

23 1039 Tyee Terr

Ucluelet, BC V0R3A0

$515,000

0 bed1 bath1 parking454 sqftBuilt 2004
Get Directions

Property Details

Property & Lot

Sub-type
House
Lot size
1,367 square feet
Zoning
Commercial

CS-5-Tourist Commercial

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$85/mo
Annual property tax
$2,726

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
None

Parking

Total spaces
1 — uncovered indicated
Features
Stall

Restrictions & Policies

Pets
Allowed with restrictions

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

Room Dimensions

RoomLevelDimensions
OtherMain level
KitchenMain level7'11 x 6'3
EntranceMain level
BathroomMain level3-Piece

Listing Information

MLS®
1029590
Listed
March 21, 2026
Time on market
On the market for 163 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Mid-Island Realty (Tfno) · Data source: CREA DDF.

Description

Welcome to your cozy west coast retreat located at Reef Point Cottages, in the quaint seaside community of Ucluelet, BC. Inside, you’ll find a fully renovated studio suite featuring modern lighting, a refreshed kitchen with updated appliances, 3-pce bathroom, bonus storage loft, and stylish decor throughout. Thoughtfully furnished for comfort, functionality and charm, the space offers a true west coast vibe. The cabin sleeps two adults, with a pull-out couch for an additional guest. Step onto the back deck and enjoy the peaceful sounds of nature—an ideal spot to unwind with your morning coffee or evening elixir. Just a short stroll is Terrace Beach, a family-friendly spot great for beachcombing and play as well as the The Wild Pacific Trail. Pacific Rim National Park is just a short 15 minute drive, for the surfing enthusiasts. This turn-key cabin is perfect as a personal getaway or as an income-generating vacation rental. Please inquire for more details or to arrange a viewing. (id:63159)

Values & Trends

This listing

$1,134/sqft

Building average

No other active listings in this building

Reef Point Cottages average

$914/sqft

1 active listing(s)

Parking: 1 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

Mainly Sunny

12°C

Mainly Sunny

Humidity 99%

Wind WSW 2 km/h

Tonight

13°

Tuesday

15°

Tuesday night

14°

Wednesday

14°

Wednesday night

12°

Thursday

16°

Source: Environment and Climate Change Canada.

Population

2,066

(2021 Census)

+20.3% since 2016

Density: 318.8/km²

Dwellings: 997

Median household income: $83,000

After-tax: $73,500

Immigrant population: 12.1%

Top countries of origin (% of total population)

  • United Kingdom2.9% · 60
  • United States of America2.2% · 45
  • Viet Nam1.7% · 35
  • Korea, South0.7% · 15
  • India0.7% · 15
  • France0.5% · 10
  • China0.5% · 10
  • Philippines0.5% · 10

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

4

1/9 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
Ucluelet ElementaryElementary994 m
Ucluelet SecondarySecondary1.1 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

Parks (1)

  • Bog Woodland Loop706 m

Nearby places data: © OpenStreetMap contributors.

School district: Pacific Rim (SD70)

Mortgage & Ownership Cost Calculator

Minimum required: 5.1% ($26,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$412,000.00
Periodic payment — Principal & Interest (monthly)$2,658.08
Additional monthly expenses (strata, tax, utilities, etc.)$335.17
Total monthly cost$2,993.25
Interest paid over 5-yr term$118,080.38
Balance at end of term$370,595.33

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$26,500
Stress test qualifying rate8.09%
Payment you must qualify for$3,756.39

Cash Needed at Closing

Minimum down payment$26,500
Estimated BC PTT$8,300
Legal / closing costs (typical estimate)$1,500
Total cash needed$36,300

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.

Request more information