3185 Silva Bay Rd
Gabriola Island, BC V0R1X7
$725,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 17,850 square feet
- Zoning
- Residential
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $2,913.63
Interior
- Heating
- Baseboard heaters, Electric, Wood
- Cooling / A/C
- None
- Fireplace
- Yes (1)
Parking
- Total spaces
- 2 — uncovered indicated
- Features
- Stall
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 12'4 |
| Bathroom | Main level | 4-Piece |
| Primary Bedroom | Main level | 11'2 x 9'7 |
| Bedroom | Main level | 8'10 x 9'6 |
| Kitchen | Main level | 12'4 |
| Other | Additional Accommodation | — |
| Bathroom | Auxiliary Building | 3-Piece |
Listing Information
- MLS®
- 1040349
- Listed
- June 13, 2026
- Time on market
- On the market for 79 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Nanaimo Realty Gabriola · Data source: CREA DDF.
Description
Tucked away on a private 0.41-acre lot surrounded by mature trees, this cozy and bright 2-bedroom, 1 bathroom cottage offers a peaceful setting just minutes from the marina and beach. The home is full of character and comfort, with inviting living spaces and a relaxed coastal feel. Ample windows and an open plan design make for a bright living space. Hardwood floors, ship lap accent walls and wood stove lend to the warmth you feel in this home. Beautiful bathroom is complete with a soaker tub, perfect after a day out on the boat or exploring the beaches. Large front deck is set up for relaxing or entertaining friends and family. A detached studio provides valuable extra space—ideal for guests, hobbies, a home office, or creative pursuits. Whether you're looking for a full-time residence or weekend retreat, this charming property delivers flexibility, privacy, and a great location near the water and float plane service to the mainland. Over $17,000 in upgrades in July and August of 2026 including a new roof on the studio, new solar roof vents on main house, new blown in insulation in attic of the studio-cabin, upgraded electrical panels for main house and shed plus WETT certification for both wood stoves. (id:63159)
Values & Trends
This listing
$646/sqft
Building average
—
No other active listings in this building
Gabriola Island average
$589/sqft
35 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
Nearest station: Nanaimo
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.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Gabriola Elementary | Elementary | 10.5 km |
| Cedar Secondary | Secondary | 12.5 km |
| Cedar Elementary | Elementary | 12.6 km |
| Qwam Qwum Stuwixwulh Community School | Elementary | 12.7 km |
| North Oyster Elementary | Elementary | 15.6 km |
| Chase River Elementary | Elementary | 16.2 km |
| Thetis Island Elementary | Elementary | 16.5 km |
| Fulford Community Elementary | Elementary | 16.8 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)
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Mortgage & Ownership Cost Calculator
Minimum required: 6.6% ($47,500) — 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.