Property Type: Detached HouseOwnership: Freehold

2902 ARBUTUS LANE

Savary Island, BC V0N2G0

$899,999

3 bed2 bath1 parking2,218 sqftBuilt 2006
Get Directions

Property Details

Property & Lot

Sub-type
House
Lot size
20,909 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,269

Interior

Heating
Wood, Other
Cooling / A/C
None
Fireplace
Yes (1)
Fireplace type
Wood, Woodstove

Exterior & Lot

View
Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
1 — covered indicated
Features
Garage

Room Dimensions

RoomLevelDimensions
FoyerBasement
FoyerMain level
Living roomMain level
KitchenMain level
Primary BedroomAbove
3pc BathroomMain level
4pc BathroomAbove
WorkshopBasement
WorkshopBasement
BedroomMain level
BedroomAbove

Listing Information

MLS®
20051
Listed
July 8, 2026
Time on market
On the market for 55 days
Data last synced
August 28, 2026

Listing provided by: ROYAL LEPAGE POWELL RIVER · Data source: CREA DDF.

Description

Welcome to Seahorse Ranch, an exceptional waterfront retreat in the sought-after Savary Shores community on Savary Island. This beautifully crafted 3-bedroom, 2-bathroom home offers panoramic ocean views, a bright open-concept design, and abundant natural light throughout. Features include an unfinished basement ready for your ideas, an attached garage, and an efficient solar power system for comfortable off-grid living. Enjoy breathtaking sunsets from the expansive entertaining deck or the private waterfront viewing deck. Ideally located just a short walk to South Beach, the Patricia Beach stairs, and the Savary Island General Store. Seahorse Ranch also offers excellent vacation rental potential, providing an opportunity to offset ownership costs while enjoying one of British Columbia's most desirable island destinations. Rarely do waterfront properties in Savary Shores become available. Reach out to book your private viewing today! (id:63159)

Values & Trends

This listing

$406/sqft

Building average

No other active listings in this building

Savary Island average

$640/sqft

20 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

Nearest station: Powell River

Mostly Cloudy

14°C

Mostly Cloudy

Humidity 100%

Wind NE 3 km/h

Tonight

12°

Tuesday

21°

Tuesday night

15°

Wednesday

17°

Wednesday night

12°

Thursday

17°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
James Thomson ElementaryElementary16.5 km
Henderson ElementaryElementary18.8 km
Secondaire BrooksSecondary19.0 km
Brooks SecondaryElementary19.0 km
Cortes Island SchoolElementary19.9 km
Cote-du-SoleilElementary/Middle21.8 km
Edgehill ElementaryElementary21.8 km
Assumption School(Independent)Elementary22.3 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: Powell RIver (SD47)

Mortgage & Ownership Cost Calculator

Minimum required: 7.2% ($65,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$719,999.00
Periodic payment — Principal & Interest (monthly)$4,645.19
Additional monthly expenses (strata, tax, utilities, etc.)$466.75
Total monthly cost$5,111.94
Interest paid over 5-yr term$206,353.78
Balance at end of term$647,641.43

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$65,000
Stress test qualifying rate8.09%
Payment you must qualify for$6,420.85

Cash Needed at Closing

Minimum down payment$65,000
Estimated BC PTT$16,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$82,500

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