3 1002 Peninsula Rd
Ucluelet, BC V0R3A0
$485,000
Property Details
Property & Lot
- Sub-type
- Apartment
- Zoning
- Commercial
CS-5
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $322/mo
- Annual property tax
- $3,717
Interior
- Heating
- Baseboard heaters, Electric
- Cooling / A/C
- None
- Fireplace
- Yes (1)
Exterior & Lot
- Waterfront
- Waterfront on ocean
Parking
- Total spaces
- 1 — uncovered indicated
- Features
- Open
Restrictions & Policies
- Pets
- Allowed with restrictions
As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Main level | 3-Piece |
| Bedroom | Main level | 7'4 x 10'6 |
| Living room/Dining room | Main level | 11'7 |
Listing Information
- MLS®
- 1028774
- Listed
- March 19, 2026
- Time on market
- On the market for 165 days
- Data last synced
- August 28, 2026
Listing provided by: 460 Realty Inc. (UC) · Data source: CREA DDF.
Description
Own a turnkey, high-revenue West Coast investment property for under $500K. The Orca Suite at Terrace Beach is a charming, fully refreshed 1-bedroom upper-boardwalk suite that sleeps four and boasts excellent rental income. Driven by strong and consistent demand, the summer months are already almost fully booked, building on a stellar June that achieved over 75% occupancy and netted nearly $4,000 after all management fees. Located in the iconic Terrace Beach Resort, the property features signature post-and-beam accents, an electric fireplace, a newly updated bathroom and kitchenette, and extensive building-wide structural upgrades. Steps from the world-renowned Wild Pacific Trail, it offers premier beachcombing, paddleboarding, and kayaking right at your doorstep. With flexible CS-5 zoning for self-management or professional hire, this prime revenue generator sits just 3 minutes from Ucluelet’s vibrant cafés and breweries and a short drive to Tofino. (id:63159)
Values & Trends
This listing
$1,359/sqft
Building average
$891/sqft
1 active listing(s)
Ucluelet average
$722/sqft
23 active listing(s)
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
14°C
Mainly Sunny
Humidity 94%
Wind NW 9 km/h
Tonight
13°
Tuesday
15°
Tuesday night
14°
Wednesday
14°
Wednesday night
12°
Thursday
16°
Source: Environment and Climate Change Canada.
Population
2,066
(2021 Census)
+20.3% since 2016
Density: 318.8/km²
Dwellings: 997
Median household income: $83,000
After-tax: $73,500
Immigrant population: 12.1%
Top countries of origin (% of total population)
- United Kingdom2.9% · 60
- United States of America2.2% · 45
- Viet Nam1.7% · 35
- Korea, South0.7% · 15
- India0.7% · 15
- France0.5% · 10
- China0.5% · 10
- Philippines0.5% · 10
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
7
1/9 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
| School | Type | Distance |
|---|---|---|
| Ucluelet Elementary | Elementary | 1.3 km |
| Ucluelet Secondary | Secondary | 1.3 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.
Nearby Places
Parks (1)
- Bog Woodland Loop365 m
Nearby places data: © OpenStreetMap contributors.
School district: Pacific Rim (SD70)
Other Listings in This Building
Other units currently listed in the same building. 3 1002 Peninsula Rd
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($24,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.