Property Type: Land / LotOwnership: Strata

392 Reef Point Rd

Ucluelet, BC V0R3A0

$1,448,900

0 bed0 bath2 parking
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Property Details

Property & Lot

Lot size
1.03 acres
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Strata
Strata / maintenance fee
$0/mo
Annual property tax
$5,704.06

Interior

Fireplace
None

Exterior & Lot

View
Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
2

Listing Information

MLS®
992408
Listed
March 18, 2025
Time on market
On the market for 531 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Mid-Island Realty (Uclet) · Data source: CREA DDF.

Description

One of Ucluelet's most extraordinary waterfront offerings. This rare 1.03-acre oceanfront property presents an exceptional opportunity to create a legacy home in one of Vancouver Island's most spectacular coastal settings. Situated within an exclusive four-lot enclave on prestigious Reef Point Road, the property enjoys outstanding privacy, dramatic west coast scenery, and approximately 44,867 sq. ft. of gently sloping land leading to your own private shoreline. Launch a kayak or paddleboard from your beach, explore the sheltered waters between Little Beach and Terrace Beach, or spend your days fishing, diving, snorkeling, and watching eagles, seals, sea lions and migrating whales from your own waterfront sanctuary. Municipal water and sewer services are available at the lot line, allowing you to focus on designing the home you've always imagined. Conceptual home designs have already been prepared to inspire your vision, showcasing the remarkable potential of this exceptional site. Properties of this size, privacy, and waterfront quality rarely become available in Ucluelet. Whether you're envisioning a spectacular full-time residence or an unforgettable west coast retreat, 392 Reef Point Road offers an opportunity to own one of the community's finest oceanfront parcels. (id:63159)

Location Insights

Weather

Mainly Sunny

12°C

Mainly Sunny

Humidity 99%

Wind WSW 2 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

4

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

SchoolTypeDistance
Ucluelet ElementaryElementary932 m
Ucluelet SecondarySecondary1.0 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 (1)

  • Bog Woodland Loop698 m

Nearby places data: © OpenStreetMap contributors.

School district: Pacific Rim (SD70)

Mortgage & Ownership Cost Calculator

Minimum required: 8.3% ($119,890) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,159,120.00
Periodic payment — Principal & Interest (monthly)$7,478.25
Additional monthly expenses (strata, tax, utilities, etc.)$475.34
Total monthly cost$7,953.59
Interest paid over 5-yr term$332,207.12
Balance at end of term$1,042,632.19

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$119,890
Stress test qualifying rate8.09%
Payment you must qualify for$10,219.62

Cash Needed at Closing

Minimum down payment$119,890
Estimated BC PTT$26,978
Legal / closing costs (typical estimate)$1,500
Total cash needed$148,368

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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