Property Type: Condo / ApartmentOwnership: Strata

506 1201 Henry Rd

Courtenay, BC V9J1L0

$574,900

3 bed2 bath1 parking1,094 sqftBuilt 1995
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Property Details

Property & Lot

Sub-type
Apartment
Zoning
Multi-Family

MTW-CD RA5

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$862/mo
Annual property tax
$2,108

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
See Remarks
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view
Pool
Outdoor pool

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
BathroomMain level4-Piece
BedroomMain level9'4 x 10'0
BedroomMain level9'4 x 12'0
EnsuiteMain level4-Piece
Primary BedroomMain level10'1 x 16'10
Living room/Dining roomMain level12'2 x 18'6
KitchenMain level12'0 x 12'2
EntranceMain level7'5 x 11'7

Listing Information

MLS®
995191
Listed
April 15, 2025
Time on market
On the market for 503 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage-Comox Valley (CV) · Data source: CREA DDF.

Description

Top-Floor, Fully Renovated 3-Bed, 2-Bath Condo at Paradise Ridge, Mt. Washington — Mountain Views & Resort-Style Amenities Welcome to your mountain escape! This top-floor freehol 3-bedroom, 2-bathroom condo in the sought-after Paradise Ridge complex at Mt. Washington offers the perfect blend of comfort and adventure. Enjoy sweeping mountain views from your private perch, with access to year-round amenities including a heated outdoor pool, hot tub, and sauna. Inside, every detail has been thoughtfully upgraded: brand-new vinyl floors, cozy heated tile flooring, and new efficient baseboard heaters throughout. The modern kitchen shines with new cabinets, granite countertops, and stainless steel appliances. Fresh paint, new lighting, window blinds, curtains, and a stunning new fireplace and surround complete the fresh, contemporary feel. Added conveniences include underground parking, ski and bike storage, and the bonus of no GST! Whether you’re looking for a weekend getaway, full-time residence, or investment property, this move-in-ready condo delivers mountain living at its finest. (id:63159)

Values & Trends

This listing

$526/sqft

Building average

$478/sqft

3 active listing(s)

Mt Washington average

$470/sqft

17 active listing(s)

Parking: 1 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

Mostly Cloudy

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

SchoolTypeDistance
Miracle Beach ElementaryElementary18.9 km
Navigate AcademyElementary20.5 km
Arden ElementaryElementary21.8 km
Ecole Puntledge Park ElementaryElementary22.1 km
Georges P. Vanier SecondarySecondary22.3 km
Lake Trail CommunityMiddle22.5 km
Huband Park ElementaryElementary23.2 km
Courtenay ElementaryElementary23.3 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)

Mortgage & Ownership Cost Calculator

Minimum required: 5.7% ($32,490) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$459,920.00
Periodic payment — Principal & Interest (monthly)$2,967.25
Additional monthly expenses (strata, tax, utilities, etc.)$1,092.97
Total monthly cost$4,060.21
Interest paid over 5-yr term$131,814.39
Balance at end of term$413,699.53

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$32,490
Stress test qualifying rate8.09%
Payment you must qualify for$4,170.94

Cash Needed at Closing

Minimum down payment$32,490
Estimated BC PTT$9,498
Legal / closing costs (typical estimate)$1,500
Total cash needed$43,488

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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