Property Type: Detached HouseOwnership: Freehold

2858 Twin Oaks Dr

Ladysmith, BC V9G1C7

$2,595,000

5 bed3 bath10 parking3,122 sqftBuilt 1972
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Property Details

Property & Lot

Sub-type
House
Lot size
2 acres
Zoning
Unknown

RR2.5

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$8,356

Interior

Heating
Baseboard heaters
Cooling / A/C
See Remarks
Fireplace
Yes (1)

Exterior & Lot

View
Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
10

Room Dimensions

RoomLevelDimensions
BathroomMain level3-Piece
Family roomSecond level15'4 x 20'3
BathroomSecond level3-Piece
BedroomSecond level8'10 x 11'6
Primary BedroomSecond level14'5
OtherSecond level6'7
BedroomMain level8'8
BedroomMain level8'8 x 14'9
BedroomMain level9'3
DenMain level15'4 x 20'4
BathroomMain level4-Piece
Laundry roomMain level
KitchenMain level15'4 x 21'8
Dining roomMain level15'4
Living roomMain level19'9 x 19'5
EntranceMain level5'7 x 17'10
PorchMain level10'6 x 20'4

Listing Information

MLS®
1046858
Listed
August 17, 2026
Time on market
On the market for 14 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Island Living (QU) · Data source: CREA DDF.

Description

Set on a coveted low-bank oceanfront point in prestigious Yellow Point, this exceptional 5-bedroom, 3-bath waterfront legacy property offers an unparalleled West Coast lifestyle with sweeping views across the Gulf Islands. Privately surrounded by nature, the home blends timeless coastal elegance with warmth and serenity. Expansive living and entertaining spaces open seamlessly to a spectacular waterfront deck, where orcas, humpbacks, sea lions, and bald eagles create an ever-changing natural panorama. The gourmet kitchen is beautifully appointed with premium appliances, while the spacious living room is designed for effortless entertaining and relaxed family gatherings. A rare private boat ramp provides direct ocean access for boating enthusiasts. Moments from Roberts Memorial Park, renowned resorts, and endless recreation, yet close to everyday amenities, this is a rare opportunity to own one of Vancouver Island’s finest oceanfront retreats. (id:63159)

Values & Trends

This listing

$831/sqft

Building average

No other active listings in this building

Ladysmith average

$544/sqft

69 active listing(s)

Parking: 10 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: Nanaimo

Partly Cloudy

15°C

Partly Cloudy

Humidity 85%

Wind N 2 km/h

Tonight

12°

Tuesday

21°

Tuesday night

14°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

8,990

(2021 Census)

+5.3% since 2016

Density: 746.7/km²

Dwellings: 4,079

Median household income: $81,000

After-tax: $72,500

Immigrant population: 12.7%

Top countries of origin (% of total population)

  • United Kingdom4.9% · 440
  • United States of America1.3% · 120
  • Germany0.7% · 65
  • Netherlands0.5% · 45
  • Poland0.3% · 25
  • South Africa, Republic of0.3% · 25
  • India0.3% · 25
  • Mexico0.2% · 20

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
North Oyster ElementaryElementary5.6 km
Cedar ElementaryElementary6.1 km
Cedar SecondarySecondary8.0 km
Stz'uminus Senior Secondary(Independent)Secondary8.7 km
Qwam Qwum Stuwixwulh Community SchoolElementary8.8 km
Ladysmith IntermediateElementary9.1 km
Ladysmith SecondarySecondary9.6 km
Ladysmith PrimaryElementary9.6 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: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($519,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,076,000.00
Periodic payment — Principal & Interest (monthly)$13,393.65
Additional monthly expenses (strata, tax, utilities, etc.)$852.33
Total monthly cost$14,245.98
Interest paid over 5-yr term$594,987.57
Balance at end of term$1,867,368.71

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$519,000
Stress test qualifying rate8.09%
Payment you must qualify for$15,963.71

Cash Needed at Closing

Minimum down payment$519,000
Estimated BC PTT$55,850
Legal / closing costs (typical estimate)$1,500
Total cash needed$576,350

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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