5000 Spence Rd
Courtenay, BC V9N3S8
$924,900
Property Details
Property & Lot
- Lot size
- 10,019 square feet
- Zoning
- Residential
CR-1
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $4,262.76
Interior
- Fireplace
- None
Exterior & Lot
- View
- Mountain view, Ocean view
- Waterfront
- Waterfront on ocean
Parking
- Total spaces
- 3 — uncovered indicated
- Features
- Stall
Listing Information
- MLS®
- 1044821
- Listed
- August 4, 2026
- Time on market
- On the market for 27 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage-Comox Valley (CV) · Data source: CREA DDF.
Description
Ready to build this year? This exceptional 10,080 sq ft walk on waterfront lot offers a rare opportunity to create your dream home without the lengthy delays that often come with developing a waterfront property. Much of the important groundwork has already been completed, including the required site studies, saving you valuable time, money, and uncertainty. With essential due diligence already in place, you'll be well positioned to move forward with your building plans and start construction sooner. Set along a beautiful stretch of coastline, this property features a true walk on waterfront access, allowing you to step directly onto the shoreline from your own backyard. Start each day with spectacular sunrise views over the water, enjoy the ever-changing coastal scenery, and embrace the peaceful rhythm of oceanfront living. Whether you're launching a kayak, paddleboard, or simply taking a morning stroll along the beach, the shoreline becomes an extension of your backyard. The generous lot provides an outstanding canvas for designing a custom home that maximizes the panoramic ocean views while blending seamlessly with the natural surroundings. Picture expansive windows that capture the changing tides, a spacious deck perfect for entertaining, and outdoor living spaces where you can relax while listening to the soothing sound of the waves. Adding even more value, electricity, community water, and natural gas are already available at the lot line, making the building process more convenient and cost effective. Located on a quiet dead end road, the property offers privacy and tranquility while remaining just a short drive from shopping, restaurants, marinas, golf and everyday amenities. Opportunites to purchase a build ready, walk on waterfront lot with this level of preparation are increasingly rare. Skip months of preliminary work and move one step closer to bringing your dream home to life! (id:63159)
Location Insights
Weather
16°C
Mostly Cloudy
Humidity 72%
Wind W 4 km/h
Tonight
13°
Tuesday
20°
Tuesday night
16°
Wednesday
16°
Wednesday night
11°
Thursday
17°
Source: Environment and Climate Change Canada.
Population
28,420
(2021 Census)
+10.8% since 2016
Density: 876.6/km²
Dwellings: 13,414
Median household income: $72,000
After-tax: $65,500
Immigrant population: 13.6%
Top countries of origin (% of total population)
- United Kingdom3.9% · 1,105
- United States of America1.3% · 370
- Germany1.1% · 300
- Philippines1% · 290
- Viet Nam0.6% · 160
- India0.5% · 130
- Korea, South0.4% · 110
- Netherlands0.4% · 100
Source: Statistics Canada, 2021 Census of Population.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Royston Elementary | Elementary | 5.8 km |
| Phil & Jennie Gaglardi Academy(Independent) | K-12 | 8.4 km |
| Ecole Robb Road | Elementary | 8.6 km |
| École Au coeur de l'île | K-12 | 9.1 km |
| Brooklyn Elementary | Elementary | 9.1 km |
| Highland Secondary | Secondary | 9.4 km |
| Aspen Park Elementary | Elementary | 9.5 km |
| Denman Island Community School | Elementary | 9.7 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: Comox Valley (SD71)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.3% ($67,490) — 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.