Property Type: Detached HouseOwnership: Freehold

573 Horseshoe Rd

Gabriola Island, BC V0R1X3

$2,100,000

3 bed3 bath8 parking3,100 sqftBuilt 2022
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Property Details

Property & Lot

Sub-type
House
Lot size
5 acres
Zoning
Unknown

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$8,168

Interior

Heating
Heat Pump
Cooling / A/C
Air Conditioned
Fireplace
Yes (2)

Exterior & Lot

View
Ocean view

Parking

Total spaces
8 — uncovered indicated
Features
Stall

Room Dimensions

RoomLevelDimensions
BathroomMain level2-Piece
BathroomMain level4-Piece
BedroomMain level
BedroomMain level
Laundry roomMain level
EnsuiteMain level4-Piece
Primary BedroomMain level
PantryMain level
Mud roomMain level
Sitting roomMain level
Family roomMain level
KitchenMain level
Living roomMain level
EntranceMain level

Listing Information

MLS®
1020588
Listed
November 17, 2025
Time on market
On the market for 287 days
Data last synced
August 28, 2026

Listing provided by: Sotheby's International Realty Canada · Data source: CREA DDF.

Description

Gabriola Island Ocean Views!! Perched above Sandwell Provincial Park and Lock Bay, this stunning 5-acre ocean view property offers the perfect blend of privacy, beauty, and island living. A picturesque winding driveway welcomes you with custom rock features, a tranquil waterfall and pond leading to a newer 3,100+ sq.ft. single-level home bathed in sunshine. Inside, panoramic ocean views fill most rooms. The chef’s kitchen is a showstopper, featuring custom cabinetry, stainless appliances, a massive island with heated counters, and a seamless connection to the spectacular great room with its arched beams and one of three cozy fireplaces. This thoughtfully designed home includes 3 bedrooms and 3 spa-inspired bathrooms with heated floors, including a gorgeous primary suite. A spacious family/media room with an additional sitting area invites you to relax and take in the abundant wildlife and marine activity right outside your windows. Step outside to expansive decks, perfect for soaking in the sun and catching unforgettable sunrises. The gently sloping acreage is a blank canvas to create your dream oasis—space for gardens, recreation, or future projects, with plenty of parking. Modern comforts include a back-up generator, well and cistern water systems, a new shed with power and water, and an extra transformer to support your future garage or workshop. Gabriola’s friendly, artistic community, vibrant outdoor lifestyle, and convenient amenities make island living easy. You’re just a short commute to Nanaimo via two ferry options, or quick connections to the mainland via Hullo or Helijet. Discover the perfect balance of natural beauty, modern comfort, and endless possibility on this spectacular Gabriola Island property. (id:63159)

Values & Trends

This listing

$677/sqft

Building average

No other active listings in this building

Gabriola Island average

$588/sqft

35 active listing(s)

Parking: 8 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

13°C

Partly Cloudy

Humidity 88%

Wind WSW 2 km/h

Tonight

12°

Tuesday

21°

Tuesday night

14°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

11

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
Gabriola ElementaryElementary2.1 km
Qwam Qwum Stuwixwulh Community SchoolElementary8.0 km
Cedar SecondarySecondary8.4 km
Pauline Haarer ElementaryElementary9.6 km
Bayview ElementaryElementary9.6 km
Fulford Community ElementaryElementary10.0 km
Cedar ElementaryElementary10.1 km
Chase River ElementaryElementary10.2 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 (4)

  • Sandwell Provincial Park Parking183 m
  • Rollo McClay Community Park · 1100 McClay Way284 m
  • The Strand Community Park328 m
  • Bell's Landing Water Access437 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($420,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,680,000.00
Periodic payment — Principal & Interest (monthly)$10,838.79
Additional monthly expenses (strata, tax, utilities, etc.)$835.67
Total monthly cost$11,674.46
Interest paid over 5-yr term$481,492.83
Balance at end of term$1,511,165.43

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$420,000
Stress test qualifying rate8.09%
Payment you must qualify for$12,918.61

Cash Needed at Closing

Minimum down payment$420,000
Estimated BC PTT$41,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$462,500

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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