Property Type: Detached HouseOwnership: Freehold

2724 Penrith Ave

Cumberland, BC V0R1S0

$695,000

2 bed1 bath3 parking811 sqftBuilt 1901
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Property Details

Property & Lot

Sub-type
House
Lot size
3,615 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,010.9

Interior

Heating
Forced air
Cooling / A/C
None
Fireplace
Yes (1)

Parking

Total spaces
3 — uncovered indicated
Features
Street

Room Dimensions

RoomLevelDimensions
OtherAdditional Accommodation10'2 x 5'2
BathroomMain level5'8 x 11'8
Dining roomMain level4'10 x 10'1
KitchenMain level11'8
Living roomMain level
BedroomMain level7'11 x 10'1
Primary BedroomMain level7'11 x 11'7

Listing Information

MLS®
1046498
Listed
August 11, 2026
Time on market
On the market for 20 days
Data last synced
August 28, 2026

Listing provided by: Engel & Volkers Vancouver Island North · Data source: CREA DDF.

Description

A Historic Cumberland Gem | Est. 1901 Step into this beautifully updated 1901 miner's cottage, perfectly situated just one block from Cumberland’s vibrant Dunsmuir Avenue! Blending classic historic exterior charm with a fresh, bright, and modern interior, this rare find offers the ideal entry point into one of Vancouver Island’s most vibrant communities. Highlights: • Unbeatable Location: Walk or ride to world-class mountain bike trails, local breweries, bakeries, and shops. • Efficiency & Comfort: Features a new high-efficiency natural gas furnace and tankless hot water system to keep utility bills low. • Cozy Vibe: Relax by the classic wood stove on crisp winter days. • Outdoor Potential: Enclosed yard with a private outdoor shower—ideal post-trail—plus valuable laneway access with carriage home potential. Well-maintained historic homes with this location and possible future upside don't come up often. Experience the ultimate Cumberland lifestyle! (id:63159)

Values & Trends

This listing

$857/sqft

Building average

No other active listings in this building

Cumberland average

$520/sqft

17 active listing(s)

Parking: 3 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: Courtenay

Mostly Cloudy

16°C

Mostly Cloudy

Humidity 72%

Wind W 4 km/h

Tonight

13°

Tuesday

20°

Tuesday night

16°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

4,447

(2021 Census)

+18.5% since 2016

Density: 153.1/km²

Dwellings: 1,918

Median household income: $86,000

After-tax: $75,500

Immigrant population: 9.6%

Top countries of origin (% of total population)

  • United Kingdom4.4% · 195
  • United States of America1.3% · 60
  • Germany0.3% · 15
  • Netherlands0.2% · 10
  • South Africa, Republic of0.2% · 10

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

56

5/9 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
Cumberland Community SchoolElementary/Middle322 m
Arden ElementaryElementary5.9 km
Royston ElementaryElementary6.3 km
Lake Trail CommunityMiddle7.0 km
Courtenay ElementaryElementary7.3 km
Ecole Puntledge Park ElementaryElementary7.3 km
Nala'atsi Alternate ProgramSecondary7.3 km
Aspen Park ElementaryElementary9.4 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 (4)

  • Cooks Restaurant · 3273 Third Street58 m
  • Biblio Taco · 2724 Dunsmuir Avenue63 m
  • Riders Pizza · 2738 Dunsmuir Avenue105 m
  • Niji · 2744 Dunsmuir Avenue130 m

Cafes (2)

  • Laneway Coffee and Kitchen · 2727 Dunsmuir Ave102 m
  • Cumberland Grind Espresso & Smoothie Bar · 2753 Dunsmuir Avenue191 m

Grocery (1)

  • Seeds Natural Food Market · 2733A Dunsmuir Avenue122 m

Parks (5+)

  • Village Square153 m
  • Number Six Mine Park295 m
  • Cumberland Peace Park368 m
  • Cumberland Village Park607 m
  • Egremont Park704 m

Banks & ATMs (1)

  • First Credit Union · 2717 Dunsmuir Avenue104 m

Nearby places data: © OpenStreetMap contributors.

School district: Comox Valley (SD71)

Mortgage & Ownership Cost Calculator

Minimum required: 6.4% ($44,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$556,000.00
Periodic payment — Principal & Interest (monthly)$3,587.12
Additional monthly expenses (strata, tax, utilities, etc.)$375.24
Total monthly cost$3,962.36
Interest paid over 5-yr term$159,351.20
Balance at end of term$500,123.80

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$44,500
Stress test qualifying rate8.09%
Payment you must qualify for$5,002.12

Cash Needed at Closing

Minimum down payment$44,500
Estimated BC PTT$11,900
Legal / closing costs (typical estimate)$1,500
Total cash needed$57,900

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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