Property Type: Detached HouseOwnership: Freehold

4981 PANORAMA DRIVE

Garden Bay, BC V0N1S0

$1,795,000

4 bed3 bath5 parking2,678 sqftBuilt 1983
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Property Details

Property & Lot

Sub-type
House
Lot size
26,571.6 square feet
Frontage
150.3 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,770.7 (2025)

Interior

Basement
Crawl space, Unknown, Unknown
Heating
Electric, Wood
Fireplace
Yes (2)

Exterior & Lot

View
View
Waterfront
Waterfront

Parking

Total spaces
5 — covered indicated
Features
Garage

Listing Information

MLS®
R3103930
Listed
March 26, 2026
Time on market
On the market for 158 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Royal LePage Sussex · Data source: CREA DDF.

Description

PRIME WATERFRONT on one of the Coast´s most coveted streets. This exceptional 0.61-acre property boasts over 150' of pristine oceanfront, complete with a beach & protected deep-water moorage at your private 40´ dock, secured with a legal 20-year foreshore license. A true boater´s paradise with crabbing & fishing right at your doorstep! Privately set & surrounded by mature landscaping, the property features a well-built, one owner 2,878 sq.ft. residence offering tremendous potential to personalize or elevate. Enjoy sun-drenched southern exposure & spectacular ocean views from the expansive patios & living space. Additional highlights include a workshop, wraparound driveway & and a tranquil pond. An extraordinary opportunity to secure a legacy waterfront property in a 10/10 location. (id:63159)

Values & Trends

This listing

$670/sqft

Building average

No other active listings in this building

Garden Bay average

$577/sqft

7 active listing(s)

Parking: 5 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: Sechelt

16°C

Humidity 83%

Wind NW 5 km/h

Tonight

13°

Tuesday

20°

Tuesday night

14°

Wednesday

17°

Wednesday night

12°

Thursday

17°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Madeira Park ElementaryElementary810 m
Pender Harbour Elem-SecondaryK-124.7 km
Halfmoon Bay ElementaryElementary19.3 km
False Bay SchoolK-1222.9 km
West Sechelt ElementaryElementary23.6 km
Kinnikinnick ElementaryElementary23.8 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: Sunshine Coast (SD46)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($359,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,436,000.00
Periodic payment — Principal & Interest (monthly)$9,264.58
Additional monthly expenses (strata, tax, utilities, etc.)$698.23
Total monthly cost$9,962.81
Interest paid over 5-yr term$411,561.73
Balance at end of term$1,291,686.64

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$359,000
Stress test qualifying rate8.09%
Payment you must qualify for$11,042.34

Cash Needed at Closing

Minimum down payment$359,000
Estimated BC PTT$33,900
Legal / closing costs (typical estimate)$1,500
Total cash needed$394,400

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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