Property Type: Detached HouseOwnership: Freehold

510 McKay Rd

Fanny Bay, BC V0R1W0

$999,000

3 bed1 bath10 parking1,479 sqftBuilt 1997
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Property Details

Property & Lot

Sub-type
House
Lot size
4.86 acres
Zoning
Residential

CR-1

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,417.81

Interior

Heating
Propane
Cooling / A/C
None
Fireplace
None

Exterior & Lot

View
Ocean view

Parking

Total spaces
10

Room Dimensions

RoomLevelDimensions
EntranceLower level15'10
SunroomLower level4'8 x 8'3
BedroomLower level13'5 x 12'3
StorageMain level4'1
BathroomMain level8'9
BedroomMain level11'11 x 10'1
BedroomMain level11'11 x 10'4
Dining roomMain level6'9 x 12'7
Living roomMain level12'5 x 12'7
KitchenMain level19'4 x 10'8

Listing Information

MLS®
1046876
Listed
August 13, 2026
Time on market
On the market for 18 days
Data last synced
August 28, 2026

Listing provided by: REMAX Ocean Pacific (Crtny) · Data source: CREA DDF.

Description

Set on 4.86 private acres in beautiful Fanny Bay, this well-kept 3-bedroom, 1-bathroom home offers approximately 1,400 sq ft of comfortable living space, complete privacy, and amazing ocean views. There is plenty of room and plenty of options to make the property your own. Under-cover storage, a shed, and greenhouse offer space for boats, recreational toys, and more, with lots of room to enjoy the property and everything the West Coast lifestyle has to offer. Enjoy the property just as it is, or take advantage of the zoning that allows you to build your dream home in the future.This is an opportunity to acquire an amazing piece of property and start enjoying the space, privacy, ocean views, and Fanny Bay lifestyle . Book your showing today . (id:63159)

Values & Trends

This listing

$675/sqft

Building average

No other active listings in this building

Union Bay/Fanny Bay average

$563/sqft

20 active listing(s)

Parking: 10 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: Comox

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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

4

1/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Denman Island Community SchoolElementary3.8 km
Beachcombers Academy(Independent)Elementary4.1 km
Royston ElementaryElementary13.8 km
Hornby Island ElementaryElementary14.9 km
Cumberland Community SchoolElementary/Middle15.4 km
Bowser ElementaryElementary15.6 km
Phil & Jennie Gaglardi Academy(Independent)K-1216.7 km
Ecole Robb RoadElementary16.9 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.

Nearby Places

Parks (1)

  • Joe Walker Regional Park · 6550 Island Highway South781 m

Nearby places data: © OpenStreetMap contributors.

School district: Comox Valley (SD71)

Mortgage & Ownership Cost Calculator

Minimum required: 7.5% ($74,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$799,200.00
Periodic payment — Principal & Interest (monthly)$5,156.17
Additional monthly expenses (strata, tax, utilities, etc.)$442.15
Total monthly cost$5,598.32
Interest paid over 5-yr term$229,053.02
Balance at end of term$718,882.98

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$74,900
Stress test qualifying rate8.09%
Payment you must qualify for$7,106.01

Cash Needed at Closing

Minimum down payment$74,900
Estimated BC PTT$17,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$94,380

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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