Property Type: Land / LotOwnership: Freehold

5143 GILLIES BAY RD ROAD

Texada Island, BC

$349,900

0 bed0 bath0 sqft
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Property Details

Property & Lot

Lot size
13,939 square feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,730

Interior

Fireplace
None

Listing Information

MLS®
20147
Listed
August 18, 2026
Time on market
On the market for 13 days
Data last synced
August 28, 2026

Listing provided by: ROYAL LEPAGE POWELL RIVER · Data source: CREA DDF.

Description

Prime Location in the heart of Gillies Bay. This lot for sale is ready for your ideas and opportunity. This great location would be excellent for a new business or investment property. With some clean up this .321 acre property could be the new, central location for your venture. Property is being sold "AS IS". (id:63159)

Location Insights

Weather

Nearest station: Powell River

Mostly Cloudy

14°C

Mostly Cloudy

Humidity 100%

Wind NE 3 km/h

Tonight

12°

Tuesday

21°

Tuesday night

15°

Wednesday

17°

Wednesday night

12°

Thursday

17°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Texada ElementaryElementary10.8 km
Kelly Creek Community SchoolElementary13.2 km
Powell River Christian School(Independent)Elementary/Middle15.2 km
Westview ElementaryElementary16.1 km
Westview Learning CentreElementary16.2 km
Assumption School(Independent)Elementary17.3 km
Cote-du-SoleilElementary/Middle17.5 km
Edgehill ElementaryElementary19.4 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: Powell RIver (SD47)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($17,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$279,920.00
Periodic payment — Principal & Interest (monthly)$1,805.95
Additional monthly expenses (strata, tax, utilities, etc.)$227.50
Total monthly cost$2,033.45
Interest paid over 5-yr term$80,225.88
Balance at end of term$251,788.95

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$17,495
Stress test qualifying rate8.09%
Payment you must qualify for$2,556.08

Cash Needed at Closing

Minimum down payment$17,495
Estimated BC PTT$4,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$23,993

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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