Property Type: Detached HouseOwnership: Freehold

2319 Island Hwy E

Nanoose Bay, BC V9P9E2

$985,000

5 bed2 bath8 parking2,977 sqftBuilt 1993
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Property Details

Property & Lot

Sub-type
House
Lot size
1.24 acres
Zoning
Residential

R1

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,384

Interior

Heating
Heat Pump, Heat Recovery Ventilation (HRV), Electric
Cooling / A/C
See Remarks
Fireplace
Yes (1)

Parking

Total spaces
8

Room Dimensions

RoomLevelDimensions
BedroomMain level10'5 x 11'9
Family roomSecond level28'5 x 16'7
Living roomMain level17'4
Laundry roomMain level9'3 x 11'3
KitchenMain level16'6 x 18'6
Primary BedroomMain level17'3 x 14'1
EntranceMain level8'11 x 9'4
EnsuiteMain level3-Piece
DenMain level9'5 x 11'3
BedroomMain level10'5 x 11'9
BedroomMain level11'8 x 12'10
BedroomMain level8'3 x 11'8
BathroomMain level3-Piece

Listing Information

MLS®
1047060
Listed
August 19, 2026
Time on market
On the market for 12 days
Data last synced
August 28, 2026

Listing provided by: REMAX Professionals (NA) · Data source: CREA DDF.

Description

Set on a private, beautifully treed acreage, this spacious rancher offers over 2,400 sq. ft. of living space with excellent highway access and visibility, ideal for a home based business. Inside, the bright open concept living area is filled with natural light from multiple skylights and large windows overlooking the surrounding greenery. The updated kitchen features crisp white cabinetry, extensive counter space, stainless appliances and a large island with seating, all open to the dining and living areas. Vaulted ceilings add to the spacious feel, while French doors provide easy access to the private deck and sunny south facing yard. The home also features updated bathrooms and flooring, two full baths and an oversized garage with a 500 sq. ft. bonus room above. Outside you'll find mature landscaping plus fenced areas for dogs. Set well back from the road for privacy and reduced highway noise. Additional features include a newer roof, two heat pumps and heat recovery ventilation. (id:63159)

Values & Trends

This listing

$331/sqft

Building average

No other active listings in this building

Nanoose average

$629/sqft

47 active listing(s)

Parking: 8 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
Mountain View ElementaryElementary634 m
Nanoose Bay ElementaryElementary1.3 km
Seaview ElementaryElementary9.2 km
Aspengrove School(Independent)K-1210.5 km
Springwood ElementaryElementary10.6 km
Errington ElementaryElementary10.7 km
Ecole Secondaire Ballenas SecondarySecondary11.9 km
Pass/Woodwinds AlternateSecondary12.1 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.

School district: Qualicum (SD69)

Mortgage & Ownership Cost Calculator

Minimum required: 7.5% ($73,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$788,000.00
Periodic payment — Principal & Interest (monthly)$5,083.91
Additional monthly expenses (strata, tax, utilities, etc.)$431.00
Total monthly cost$5,514.91
Interest paid over 5-yr term$225,843.07
Balance at end of term$708,808.55

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$73,500
Stress test qualifying rate8.09%
Payment you must qualify for$7,009.12

Cash Needed at Closing

Minimum down payment$73,500
Estimated BC PTT$17,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$92,700

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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