Property Type: Detached HouseOwnership: Freehold

387 Lyngail Pl

Gabriola Island, BC V0R1X1

$539,000

2 bed1 bath3 parking1,126 sqftBuilt 1972
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Property Details

Property & Lot

Sub-type
House
Lot size
0.52 acres
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,456.85

Interior

Heating
Electric
Cooling / A/C
None
Fireplace
None

Parking

Total spaces
3 — uncovered indicated
Features
Stall

Room Dimensions

RoomLevelDimensions
BedroomSecond level8'6
OfficeSecond level8'6
Primary BedroomSecond level
SunroomMain level9'6
Laundry roomMain level2'3 x 5'6
BathroomMain level
PantryMain level
KitchenMain level
Living roomMain level11'6
PorchMain level

Listing Information

MLS®
1044413
Listed
July 28, 2026
Time on market
On the market for 34 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Nanaimo Realty Gabriola · Data source: CREA DDF.

Description

A cozy Gabriola Island retreat offering charm, comfort, and an affordable opportunity to embrace island living. Situated in a quiet neighbourhood on a level lot, this inviting 2-bedroom, 1-bathroom home is the perfect place to enjoy the peaceful lifestyle that makes Gabriola so special. Offering a warm and welcoming feel, this charming home is ideal for first-time buyers, downsizers, or those looking for a weekend getaway. The property provides space to relax, garden, or create your own island sanctuary. Enjoy being close to beautiful beaches, scenic trails, shopping, and local amenities while still experiencing the privacy and tranquility of a quiet island neighbourhood. Affordable, well located, and full of potential, this delightful home is a wonderful opportunity to make your island dreams a reality. (id:63159)

Values & Trends

This listing

$479/sqft

Building average

No other active listings in this building

Gabriola Island average

$594/sqft

35 active listing(s)

Parking: 3 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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

11

2/9 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

SchoolTypeDistance
Gabriola ElementaryElementary2.0 km
Pauline Haarer ElementaryElementary6.8 km
Bayview ElementaryElementary7.3 km
Brechin ElementaryElementary7.4 km
Qwam Qwum Stuwixwulh Community SchoolElementary7.7 km
OceaneElementary7.8 km
Fairview ElementaryElementary7.8 km
Discover Montessori School(Independent)Elementary/Middle8.0 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 (2)

  • Cox Community Park694 m
  • Descanso Bay Regional Park764 m

Shopping (1)

  • Twin Beaches Mall · 377 Berry Point Road263 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.4% ($28,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$431,200.00
Periodic payment — Principal & Interest (monthly)$2,781.96
Additional monthly expenses (strata, tax, utilities, etc.)$260.74
Total monthly cost$3,042.69
Interest paid over 5-yr term$123,583.16
Balance at end of term$387,865.79

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$28,900
Stress test qualifying rate8.09%
Payment you must qualify for$3,922.49

Cash Needed at Closing

Minimum down payment$28,900
Estimated BC PTT$8,780
Legal / closing costs (typical estimate)$1,500
Total cash needed$39,180

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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