Property Type: Condo / ApartmentOwnership: Strata

42B 1000 Sookepoint Pl

Sooke, BC V9Z1L8

$875,000

2 bed2 bath1 parking1,051 sqftBuilt 2017
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
1,051 square feet
Zoning
Residential/Commercial

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$661/mo
Annual property tax
$8,315.11

Interior

Heating
Baseboard heaters, Other
Cooling / A/C
None
Fireplace
Yes (3)

Exterior & Lot

View
Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
1

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
KitchenMain level10'3 x 14'1
BathroomMain level8'6 x 6'8
EnsuiteMain level9'6 x 9'6
Primary BedroomMain level11'0 x 15'4
BedroomMain level9'7 x 13'11
EntranceMain level4'0 x 5'0

Listing Information

MLS®
1042897
Listed
July 11, 2026
Time on market
On the market for 51 days
Data last synced
August 28, 2026

Listing provided by: Century 21 Queenswood Realty Ltd. · Data source: CREA DDF.

Description

Discover a rare opportunity to own a fully furnished, oceanfront home with exceptional short-term rental income potential. Located in the sought-after Sookepoint development on Vancouver Island, this two-bedroom, two-bath residence offers refined coastal living with panoramic views across the Salish Sea to the Olympic Mountains. Ideal as a vacation rental or full-time home, the open-concept layout features in-floor heating in the principal rooms and bathrooms, plus floor-to-ceiling glass doors opening to a signature prow-shaped deck—perfect for enjoying the ocean air. The kitchen is beautifully appointed with granite countertops, stainless steel appliances and custom cabinetry. The luxurious primary suite boasts a spa-like ensuite with a soaker tub and walk-in shower, while the second bedroom and full bath provide comfort and flexibility for guests. Enjoy lock-and-leave convenience, professional strata management, and strong revenue potential from short-term rentals in a world-class oceanfront setting. A turn-key investment in lifestyle and value. (id:63159)

Values & Trends

This listing

$833/sqft

Building average

$1,086/sqft

1 active listing(s)

Silver Spray average

$820/sqft

5 active listing(s)

Parking: 1 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: Malahat

Mainly Clear

16°C

Mainly Clear

Humidity 73%

Wind S 6 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Population

15,086

(2021 Census)

+16% since 2016

Density: 266.5/km²

Dwellings: 6,431

Median household income: $90,000

After-tax: $79,500

Immigrant population: 11.7%

Top countries of origin (% of total population)

  • United Kingdom4.1% · 620
  • United States of America1.5% · 230
  • Germany0.8% · 120
  • Philippines0.7% · 110
  • Netherlands0.5% · 80
  • China0.2% · 35
  • Poland0.2% · 30
  • Mexico0.2% · 25

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
John Muir ElementaryElementary4.4 km
Sooke ElementaryElementary4.6 km
Journey Middle SchoolMiddle5.4 km
Edward Milne Community SchoolSecondary5.6 km
Saseenos ElementaryElementary5.7 km
Ecole Poirier ElementaryElementary5.8 km
Hans Helgesen ElementaryElementary12.1 km
Westmont Montessori School(Independent)K-1215.2 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: Sooke (SD62)

Mortgage & Ownership Cost Calculator

Minimum required: 7.1% ($62,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$700,000.00
Periodic payment — Principal & Interest (monthly)$4,516.16
Additional monthly expenses (strata, tax, utilities, etc.)$1,406.56
Total monthly cost$5,922.72
Interest paid over 5-yr term$200,622.01
Balance at end of term$629,652.26

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$62,500
Stress test qualifying rate8.09%
Payment you must qualify for$6,247.84

Cash Needed at Closing

Minimum down payment$62,500
Estimated BC PTT$15,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$79,500

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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