Property Type: Detached HouseOwnership: FreeholdRECENTLY LISTED

437 Chamadaska Way

Cortes Island, BC V0P1K0

$1,495,000

2 bed3 bath4 parking2,777 sqftBuilt 1993
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Property Details

Property & Lot

Sub-type
House
Lot size
2.1 acres
Zoning
Rural residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,233

Interior

Heating
Heat Pump, Wood
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Exterior & Lot

View
Ocean view

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
BathroomSecond level4'4 x 5'5
Recreation roomSecond level12'3 x 16'4
OfficeSecond level6'1 x 7'10
Family roomSecond level10'4 x 18'8
BedroomMain level10'10 x 17'6
BathroomMain level6'5
EnsuiteMain level9'4 x 9'7
Primary BedroomMain level14'11
Laundry roomMain level11'11
Living roomMain level15'1 x 15'10
Dining roomMain level13'7 x 13'9
KitchenMain level11'10 x 14'11
EntranceMain level6'11 x 10'11

Listing Information

MLS®
1047705
Listed
August 26, 2026
Time on market
On the market for 5 days
Data last synced
August 28, 2026

Listing provided by: eXp Realty (NA) · Data source: CREA DDF.

Description

Set on 2.1 private acres overlooking Smelt Bay, this 2,324 sq ft custom home offers 2 bedrooms and 3 bathrooms, plus a detached 453 sq ft studio suite with its own kitchen, bathroom, and loft- ideal for guests or rental income. Partial ocean views and stunning sunsets are visible from the main living areas. Inside, exposed wood beams, a wood-burning hearth, and heated tile floors keep the home feeling cozy, while a heat pump provides efficient year-round climate control. A home office adds functional space for remote work. The landscaped grounds are established with a wide variety of perennials and productive fruit trees, offering privacy and low-maintenance beauty. Located in a desirable neighborhood just a short walk to the beach, this property combines acreage, water views, and a versatile secondary suite in one package. Whether you're looking for a full-time residence or a vacation retreat, this custom-built home on the desirable South end of Cortes Island is a rare find. (id:63159)

Values & Trends

This listing

$538/sqft

Building average

No other active listings in this building

Cortes Island average

$649/sqft

12 active listing(s)

Parking: 4 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: Campbell River

Shallow Fog

14°C

Shallow Fog

Humidity 100%

Wind NW 9 km/h

Tonight

13°

Tuesday

20°

Tuesday night

16°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Cortes Island SchoolElementary3.1 km
Quadra ElementaryElementary15.9 km
Ècole Willow Point ElementaryElementary17.7 km
Ocean Grove ElementaryElementary17.8 km
Mer-et-montagneElementary/Middle18.1 km
Ecole Phoenix MiddleElementary18.3 km
Cedar ElementaryElementary18.4 km
Pinecrest ElementaryElementary18.4 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: Campbell River (SD72)

Mortgage & Ownership Cost Calculator

Minimum required: 8.3% ($124,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,196,000.00
Periodic payment — Principal & Interest (monthly)$7,716.19
Additional monthly expenses (strata, tax, utilities, etc.)$658.42
Total monthly cost$8,374.60
Interest paid over 5-yr term$342,777.04
Balance at end of term$1,075,805.87

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$124,500
Stress test qualifying rate8.09%
Payment you must qualify for$10,538.67

Cash Needed at Closing

Minimum down payment$124,500
Estimated BC PTT$27,900
Legal / closing costs (typical estimate)$1,500
Total cash needed$153,900

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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