5018 Spence Rd
Courtenay, BC V9N9S1
$1,349,900
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 14,810 square feet
- Zoning
- Residential
CR-1
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $7,100.44
Interior
- Heating
- Forced air, Electric
- Cooling / A/C
- None
- Fireplace
- Yes (2)
Exterior & Lot
- View
- Mountain view, Ocean view
- Waterfront
- Waterfront on ocean
Parking
- Total spaces
- 6
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Storage | Lower level | 9'11 x 14'2 |
| Recreation room | Lower level | 11'6 x 17'1 |
| Family room | Lower level | 14'10 x 24'7 |
| Den | Lower level | 12'2 |
| Laundry room | Main level | 5'2 x 11'9 |
| Bathroom | Lower level | 3-Piece |
| Ensuite | Main level | 3-Piece |
| Bathroom | Main level | 3-Piece |
| Bedroom | Lower level | 12'5 x 15'1 |
| Bedroom | Main level | 9'8 x 13'2 |
| Primary Bedroom | Main level | 12'9 x 14'3 |
| Living room | Main level | 14'6 x 15'11 |
| Dining room | Main level | 10'1 x 14'8 |
| Kitchen | Main level | 9'6 x 12'10 |
| Entrance | Main level | 8'9 x 12'10 |
Listing Information
- MLS®
- 1031394
- Listed
- April 9, 2026
- Time on market
- On the market for 144 days
- Data last synced
- August 28, 2026
Listing provided by: REMAX Ocean Pacific (CX) · Data source: CREA DDF.
Description
Rare walk-on waterfront opportunity offering 60 ft of frontage on a beautiful east-facing shoreline. Set on a gently sloping 0.34-acre lot, this property enjoys stunning views of Baynes Sound looking out to Sandy Island and the Coastal Mountains. With direct beach access, and a beach front deck to take in the most amazing sunrises, you can launch your kayak, swim, or explore the shoreline and take full advantage of the waterfront lifestyle. Built in 1989, this two-level walkout home offers approximately 2700 sqft with a functional layout featuring three bedrooms and three bathrooms. The main level includes hardwood floors, a large partially covered deck, and plenty of windows to take in the ocean views. Much of the home retains its original character and components, presenting a terrific opportunity for someone to update and make it their own. Complete with a double garage, this is a special waterfront property and offers exceptional potential. For more information, please contact Christiaan Horsfall at 250-702-7150. (id:63159)
Values & Trends
This listing
$498/sqft
Building average
—
No other active listings in this building
Courtenay South average
$505/sqft
13 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
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 | 5.9 km |
| Phil & Jennie Gaglardi Academy(Independent) | K-12 | 8.5 km |
| Ecole Robb Road | Elementary | 8.7 km |
| École Au coeur de l'île | K-12 | 9.2 km |
| Brooklyn Elementary | Elementary | 9.2 km |
| Highland Secondary | Secondary | 9.5 km |
| Aspen Park Elementary | Elementary | 9.6 km |
| Denman Island Community School | Elementary | 9.6 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: 8.1% ($109,990) — 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.