481 Olmstead Rd
Cortes Island, BC V0P1Z0
$1,283,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 14.43 acres
- Zoning
- Rural residential
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,589
Interior
- Heating
- Heat Pump, Baseboard heaters, Wood
- Cooling / A/C
- Air Conditioned
- Fireplace
- Yes (1)
Parking
- Total spaces
- 4
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Office | Second level | 11'4 x 15'1 |
| Bedroom | Second level | 15'1 x 11'5 |
| Bedroom | Second level | 15'1 x 11'5 |
| Laundry room | Main level | 8'6 x 11'1 |
| Kitchen | Main level | 13'11 |
| Dining room | Main level | 7'11 x 12'5 |
| Bathroom | Main level | 6'10 x 8'7 |
| Bathroom | Main level | 6'1 x 9'5 |
| Primary Bedroom | Main level | 13'5 x 21'2 |
| Living room | Main level | 21'5 x 21'7 |
Listing Information
- MLS®
- 1032386
- Listed
- April 22, 2026
- Time on market
- On the market for 131 days
- Data last synced
- August 28, 2026
Listing provided by: eXp Realty (NA) · Data source: CREA DDF.
Description
Discover the perfect opportunity to create your dream flower farm, market garden, hobby farm, or self-sufficient homestead on this beautiful 14.43-acre Cortes Island property. Rich, productive soil, a 45' x 20' greenhouse, abundant growing space, over 50 mature blueberry bushes, raspberries, fruit trees, gardens, resident honeybees in a productive apiary, and plenty of sunny land provide an exceptional foundation for small-scale farming or sustainable living. The thoughtfully updated 1,976 sq. ft. home offers exposed beams, hardwood floors, a stone fireplace, renovated bathrooms, an expanded kitchen, heat pump, and new deck overlooking the gardens. A large workshop with attached studio and separate cabin offer flexible space for equipment, a farm business, guests, or creative pursuits. A rare opportunity to live, grow, and thrive in one remarkable property. (id:63159)
Values & Trends
This listing
$649/sqft
Building average
—
No other active listings in this building
Cortes Island average
$639/sqft
12 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: Campbell River
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
| School | Type | Distance |
|---|---|---|
| Cortes Island School | Elementary | 7.1 km |
| Surge Narrows Elementary | K-12 | 14.4 km |
| Quadra Elementary | Elementary | 14.9 km |
| Ecole Phoenix Middle | Elementary | 18.4 km |
| Cedar Elementary | Elementary | 19.0 km |
| Ecole Des Deux Mondes Elementary | Elementary | 19.0 km |
| Carihi Secondary | Elementary | 19.1 km |
| Secondaire Carihi | Secondary | 19.1 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)
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Mortgage & Ownership Cost Calculator
Minimum required: 8.1% ($103,300) — 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.