Property Type: Detached HouseOwnership: Freehold

5763 Island Hwy S

Union Bay, BC V0R3B0

$1,499,900

5 bed5 bath6 parking3,306 sqftBuilt 2010
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Property Details

Property & Lot

Sub-type
House
Lot size
0.87 acres
Zoning
Residential

CR1

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,189.7

Interior

Heating
Heat Pump, Electric, Hot Water
Cooling / A/C
Air Conditioned
Fireplace
Yes (2)

Exterior & Lot

View
Ocean view

Parking

Total spaces
6

Room Dimensions

RoomLevelDimensions
StorageLower level14'11 x 8'3
StorageLower level10'6
Recreation roomLower level13'8 x 29'3
OtherLower level25'10 x 13'0
Primary BedroomMain level14'11 x 12'10
Living roomOther13'7 x 11'2
Living roomMain level12'5
Laundry roomLower level13'5 x 8'3
Laundry roomMain level7'9 x 7'6
KitchenOther6'10 x 11'6
KitchenLower level10'8 x 10'6
KitchenMain level13'9 x 11'7
Great roomMain level21'6 x 15'6
EntranceMain level6'4 x 10'8
EnsuiteMain level4-Piece
Dining roomOther13'7 x 10'7
Dining roomMain level9'11 x 8'5
BedroomOther13'0 x 10'7
BedroomOther9'4 x 9'10
BedroomMain level12'7 x 13'1
BedroomMain level10'8
BathroomOther3-Piece
BathroomLower level3-Piece
BathroomMain level2-Piece
BathroomMain level4-Piece

Listing Information

MLS®
1040516
Listed
August 6, 2026
Time on market
On the market for 25 days
Data last synced
August 28, 2026

Listing provided by: Oakwyn Realty Ltd. (NA) · Data source: CREA DDF.

Description

Imagine starting each day with eagles soaring overhead and whales breaching just beyond your window. Set on nearly an acre across from the beach, this Vancouver Island property captures sweeping ocean and coastal mountain views from almost every room, offering the kind of setting that's increasingly hard to find. The main home offers 5 bedrooms, 2 kitchens, and bathrooms on both levels, with two full baths and one half bath upstairs, plus one full bath downstairs. The downstairs space is currently configured for a home daycare, making excellent use of the layout, while the floor plan shows the bedrooms moved back to the front areas with proper egress windows, ensuring the home meets fire safety requirements for legal bedroom use. With main-level entry and a full basement suite, the home offers flexibility for multi-generational living, rental income, or simply extra space to grow into. Spend your evenings on the expansive deck watching orcas and seals drift by, or take a walk along the calm waterfront trail that follows the former rail line just steps from your door. When you're ready to explore further, a beautifully updated ocean-view cottage with its own entrance and parking sits on the property, ideal for Airbnb, rental income, a home business, or extended family living. Outside, you'll find fruit trees, a fenced yard, and plenty of room to garden or simply enjoy the surrounding nature. Much of the work has already been done here, with a newer septic system, heat pump, updated plumbing, and drip irrigation all in place, so you can move in and start enjoying coastal life right away. Just minutes to Union Bay, Courtenay, and Comox Valley Airport, this property offers both peaceful seclusion and everyday convenience. This is more than a home, it's the coastal lifestyle you've been dreaming of. (id:63159)

Values & Trends

This listing

$454/sqft

Building average

No other active listings in this building

Union Bay/Fanny Bay average

$574/sqft

20 active listing(s)

Parking: 6 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

15°C

Mostly Cloudy

Humidity 80%

Wind W 5 km/h

Tonight

13°

Tuesday

20°

Tuesday night

16°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Denman Island Community SchoolElementary6.2 km
Beachcombers Academy(Independent)Elementary8.3 km
Royston ElementaryElementary9.5 km
Phil & Jennie Gaglardi Academy(Independent)K-1212.2 km
Cumberland Community SchoolElementary/Middle12.3 km
Ecole Robb RoadElementary12.5 km
Brooklyn ElementaryElementary12.9 km
École Au coeur de l'îleK-1212.9 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.

School district: Comox Valley (SD71)

Similar Listings Nearby

Similar active properties nearby based on property type, price, and size.

Mortgage & Ownership Cost Calculator

Minimum required: 8.3% ($124,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,199,920.00
Periodic payment — Principal & Interest (monthly)$7,741.48
Additional monthly expenses (strata, tax, utilities, etc.)$764.14
Total monthly cost$8,505.62
Interest paid over 5-yr term$343,900.52
Balance at end of term$1,079,331.92

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$124,990
Stress test qualifying rate8.09%
Payment you must qualify for$10,572.58

Cash Needed at Closing

Minimum down payment$124,990
Estimated BC PTT$27,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$154,488

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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