Property Type: Detached HouseOwnership: Freehold

2916/20 MALASPINA PROMENADE

Savary Island, BC

$1,999,000

5 bed2 bath3,732 sqftBuilt 2008
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Property Details

Property & Lot

Sub-type
House
Lot size
0.78 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$9,317

Interior

Heating
Heat Pump, Other
Fireplace
Yes (1)
Fireplace type
Wood, Conventional

Exterior & Lot

View
Ocean view
Waterfront
Waterfront on ocean

Room Dimensions

RoomLevelDimensions
FoyerMain level
Living roomMain level
Dining roomMain level
KitchenMain level
Primary BedroomAbove
2pc BathroomMain level
Laundry roomMain level
BedroomAbove
BedroomOther
BedroomAbove
BedroomAbove
3pc BathroomAbove
Family roomAbove
OtherAbove
OtherOther

Listing Information

MLS®
19395
Listed
October 7, 2025
Time on market
On the market for 328 days
Data last synced
August 28, 2026

Listing provided by: SAVARY ISLAND REAL ESTATE CORP · Data source: CREA DDF.

Description

Experience "Hampton" elegance on Savary Island! This luxurious ocean side estate has a wonderful east coast feel. It is rare for a property that has such high quality throughout to be available on an off-the-grid location like Savary Island. This walk-on-waterfront property is very private, surrounded by beautiful gardens. The huge oceanfront deck has plenty of room for entertaining and there is also a patio behind the main house with built in bbq. The main house has everything you need in an oceanside retreat, family room with fireplace, modern spacious kitchen, games room with a stunning billiards table and much more. The second building has a woodworking shop and a guest loft upstairs for extra sleeping quarters. This building can be connected to its own existing septic and converted into a stand alone guest house. With float plane access on the beach and boat moorage in front of the property this could be your seaside getaway from life in the city. Live cyber tours available. (id:63159)

Values & Trends

This listing

$536/sqft

Building average

No other active listings in this building

Savary Island average

$633/sqft

20 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: 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 ElementaryElementary16.8 km
Henderson ElementaryElementary19.1 km
Secondaire BrooksSecondary19.3 km
Brooks SecondaryElementary19.3 km
Cortes Island SchoolElementary19.5 km
Edgehill ElementaryElementary22.1 km
Cote-du-SoleilElementary/Middle22.2 km
Assumption School(Independent)Elementary22.7 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)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($399,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,599,200.00
Periodic payment — Principal & Interest (monthly)$10,317.50
Additional monthly expenses (strata, tax, utilities, etc.)$963.42
Total monthly cost$11,280.91
Interest paid over 5-yr term$458,335.32
Balance at end of term$1,438,485.57

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$399,800
Stress test qualifying rate8.09%
Payment you must qualify for$12,297.29

Cash Needed at Closing

Minimum down payment$399,800
Estimated BC PTT$37,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$439,280

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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