Property Type: Mobile / ManufacturedOwnership: Freehold

516 Berg Rd

Gabriola Island, BC V0R1X2

$580,000

2 bed1 bath10 parking968 sqftBuilt 1995
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Property Details

Property & Lot

Sub-type
Manufactured Home
Lot size
5.37 acres
Zoning
Residential

LRR

Ownership & Fees

Property type
Mobile / Manufactured
Ownership
Freehold
Annual property tax
$2,918

Interior

Heating
Forced air, Electric
Cooling / A/C
Fully air conditioned
Fireplace
Yes (1)

Parking

Total spaces
10 — uncovered indicated
Features
Stall

Room Dimensions

RoomLevelDimensions
Primary BedroomMain level13'3 x 11'5
Living roomMain level13'3 x 21'3
Laundry roomMain level7'9 x 5'10
KitchenMain level14'1 x 13'3
BedroomMain level13'3 x 12'5
BathroomMain level4-Piece

Listing Information

MLS®
1037255
Listed
May 20, 2026
Time on market
On the market for 104 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Mid-Island Realty · Data source: CREA DDF.

Description

Discover island living on this beautiful 5.37-acre property. Mostly cleared and ready for your vision, this picturesque acreage offers a rare opportunity to create your ideal island retreat, full-time residence, or future investment property. The property features an updated 1995 manufactured home with numerous improvements including a metal roof, updated siding, fresh paint, modern lighting, and a welcoming front deck providing comfortable living while you plan for the future. Scattered throughout the property are mature trees, including stunning arbutus, adding natural beauty and character to the landscape. Also located on the property is a log structure offering additional potential for storage, studio space, or creative use. This property presents exciting long-term opportunities. Enjoy the peaceful lifestyle that Gabriola Island is known for, all while being just a short ferry ride from Nanaimo (id:63159)

Values & Trends

This listing

$599/sqft

Building average

No other active listings in this building

Gabriola Island average

$594/sqft

5 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: Nanaimo

Partly Cloudy

15°C

Partly Cloudy

Humidity 85%

Wind N 2 km/h

Tonight

12°

Tuesday

21°

Tuesday night

14°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Gabriola ElementaryElementary1.1 km
Qwam Qwum Stuwixwulh Community SchoolElementary5.2 km
Cedar SecondarySecondary5.9 km
Bayview ElementaryElementary6.7 km
Fulford Community ElementaryElementary6.8 km
Pauline Haarer ElementaryElementary6.9 km
Chase River ElementaryElementary7.1 km
Park Avenue ElementaryElementary7.4 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: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.7% ($33,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$464,000.00
Periodic payment — Principal & Interest (monthly)$2,993.57
Additional monthly expenses (strata, tax, utilities, etc.)$291.17
Total monthly cost$3,284.74
Interest paid over 5-yr term$132,983.73
Balance at end of term$417,369.50

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$33,000
Stress test qualifying rate8.09%
Payment you must qualify for$4,206.24

Cash Needed at Closing

Minimum down payment$33,000
Estimated BC PTT$9,600
Legal / closing costs (typical estimate)$1,500
Total cash needed$44,100

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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