Property Type: Condo / ApartmentOwnership: Fractional Ownership / Strata

242D 1175 Resort Dr

Parksville, BC V9P2E3

$70,000

2 bed3 bath1,075 sqftBuilt 2006
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Property Details

Property & Lot

Sub-type
Apartment
Zoning
Commercial

CM5D

Ownership & Fees

Property type
Condo / Apartment
Ownership
Fractional Ownership / Strata
Strata / maintenance fee
$593/mo
Annual property tax
$4,076.95

Interior

Heating
Other
Cooling / A/C
See Remarks
Fireplace
None

Exterior & Lot

Waterfront
Waterfront on ocean

Parking

Features
Other

Restrictions & Policies

Pets
Not allowed

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

Room Dimensions

RoomLevelDimensions
BathroomMain level3-Piece
BathroomMain level4-Piece
EnsuiteMain level3-Piece
EntranceMain level10'6 x 11'4
BedroomMain level11'6
Primary BedroomMain level11'6
KitchenMain level12'6
Living roomMain level14'8

Listing Information

MLS®
1041221
Listed
June 24, 2026
Time on market
On the market for 69 days
Data last synced
August 28, 2026

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

Description

Fractional Ownership – Not a Timeshare. Enjoy approximately three months of use each year with this 1/4 ownership opportunity at Sunrise Ridge Waterfront Resort, featuring the sought-after ''D'' rotation from April through December. Located on Parksville's picturesque waterfront, this is an ideal way to own a vacation property in one of Vancouver Island's most desirable seaside communities. This fully furnished 1,075 sq. ft. condo features a versatile two-bedroom, three-bathroom layout, including a main suite that comfortably sleeps four and a separate lock-off studio suite that accommodates an additional two guests. Situated on the top floor, this unit enjoys vaulted ceilings that enhance the bright, open living space, along with beautiful ocean views. Quality finishes include stone countertops, heated tile floors, a fireplace, multiple TVs, A/C unit, and a private BBQ area. Spend your time relaxing on the beach, enjoying the resort's outdoor pool, hot tub, fitness centre, owner's lounge, covered courtyard with fireplace, and scenic walking paths, or place the unit in the professionally managed rental program to generate revenue when not in use. A turnkey vacation property offering luxury, flexibility, and an affordable way to own in Parksville. (id:63159)

Values & Trends

This listing

$65/sqft

Building average

$229/sqft

11 active listing(s)

Sunrise Ridge Waterfront Resort average

$83/sqft

1 active listing(s)

Parking: Not indicatedStorage 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

13°C

Humidity 89%

Wind SW calm km/h

Tonight

13°

Tuesday

19°

Tuesday night

14°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

13,642

(2021 Census)

+9.5% since 2016

Density: 939.5/km²

Dwellings: 7,105

Median household income: $66,500

After-tax: $61,200

Immigrant population: 17.1%

Top countries of origin (% of total population)

  • United Kingdom6.7% · 915
  • Germany1.6% · 215
  • Philippines1.5% · 210
  • United States of America1.4% · 195
  • Netherlands0.7% · 90
  • China0.4% · 50
  • Korea, South0.3% · 45
  • South Africa, Republic of0.3% · 35

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

30

4/9 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
Springwood ElementaryElementary4.7 km
Ecole Secondaire Ballenas SecondarySecondary5.9 km
Pass/Woodwinds AlternateSecondary6.0 km
Errington ElementaryElementary6.5 km
Nanoose Bay ElementaryElementary6.5 km
Mountain View ElementaryElementary7.2 km
Oceanside ElementaryElementary7.5 km
Arrowview ElementaryElementary11.0 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.

Nearby Places

Restaurants (3)

  • Cedars Restaurant & Lounge · 1155 Resort Dr254 m
  • Black Goose Inn571 m
  • Black Goose Inn573 m

Cafes (1)

  • Serious Coffee & Tea · 1209 East Island Highway237 m

Parks (4)

  • Resort Drive Park · 1160 Resort Drive227 m
  • Unnamed252 m
  • Craig Heritage Park468 m
  • Rotary Peach Park626 m

Gyms (1)

  • Unnamed241 m

Nearby places data: © OpenStreetMap contributors.

School district: Qualicum (SD69)

Other Listings in This Building

Other units currently listed in the same building. 242D 1175 Resort Dr

View building profile →
Built 2006

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($3,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$56,000.00
Periodic payment — Principal & Interest (monthly)$361.29
Additional monthly expenses (strata, tax, utilities, etc.)$986.75
Total monthly cost$1,348.04
Interest paid over 5-yr term$16,049.76
Balance at end of term$50,372.18

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$3,500
Stress test qualifying rate8.09%
Payment you must qualify for$511.36

Cash Needed at Closing

Minimum down payment$3,500
Estimated BC PTT$700
Legal / closing costs (typical estimate)$1,500
Total cash needed$5,700

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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