Property Type: Land / LotOwnership: Freehold

605 South Rd

Gabriola Island, BC V0R1X3

$399,000

0 bed0 bath2 parking
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Property Details

Property & Lot

Lot size
1.27 acres
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,507

Interior

Fireplace
None

Parking

Total spaces
2

Listing Information

MLS®
965497
Listed
May 30, 2024
Time on market
On the market for 824 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Nanaimo Realty Gabriola · Data source: CREA DDF.

Description

Sunny and bright! This property consists of 2 lots totalling 1.27 acres. A small panabode cabin built in the early 1970's as a seasonal dwelling, with a new roof, sits overlooking a beautiful and vibrant wetland. Drilled well, hazelnut trees and great gardening potential located close to the village core, walking trails, golf course and ferry terminal. Property is in Riparian Area. (id:63159)

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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

19

5/9 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 ElementaryElementary789 m
Qwam Qwum Stuwixwulh Community SchoolElementary5.6 km
Cedar SecondarySecondary6.2 km
Bayview ElementaryElementary7.1 km
Pauline Haarer ElementaryElementary7.3 km
Fulford Community ElementaryElementary7.3 km
Chase River ElementaryElementary7.5 km
Park Avenue ElementaryElementary7.8 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

Restaurants (1)

  • Woodfire · 500 North Road798 m

Cafes (2)

  • Ground Up · 560 North Road724 m
  • Mad Rona's Coffee Bar · 500 North Road789 m

Grocery (1)

  • Nesters Market · 575 North Road599 m

Parks (2)

  • Gabriola Commons · 675 North Road506 m
  • Huxley Community Park · 585 North Road606 m

Banks & ATMs (3)

  • Unnamed586 m
  • Coastal Community Credit Union ATM713 m
  • Coastal Community Credit Union · 580 North Road719 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$319,200.00
Periodic payment — Principal & Interest (monthly)$2,059.37
Additional monthly expenses (strata, tax, utilities, etc.)$125.58
Total monthly cost$2,184.95
Interest paid over 5-yr term$91,483.64
Balance at end of term$287,121.43

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,950
Stress test qualifying rate8.09%
Payment you must qualify for$2,914.76

Cash Needed at Closing

Minimum down payment$19,950
Estimated BC PTT$5,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,430

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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