7191 Island Hwy
Fanny Bay, BC V0R1W0
$747,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 0.98 acres
- Zoning
- Unknown
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,920.79
Interior
- Heating
- Forced air, Electric
- Cooling / A/C
- None
- Fireplace
- Yes (1)
Exterior & Lot
- View
- Ocean view
Parking
- Total spaces
- 6
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Laundry room | Lower level | 7'11 x 10'11 |
| Laundry room | Lower level | 25'5 |
| Storage | Lower level | 25'5 |
| Recreation room | Lower level | 12'11 x 27'4 |
| Bonus Room | Lower level | 15'8 x 14'1 |
| Bathroom | Lower level | 3-Piece |
| Primary Bedroom | Second level | 16'6 x 13'8 |
| Bedroom | Second level | 9'9 |
| Bedroom | Second level | 9'10 x 11'5 |
| Bathroom | Second level | 9'9 |
| Bathroom | Main level | 9'11 x 8'8 |
| Entrance | Main level | 13'7 x 8'2 |
| Den | Main level | 11'6 x 11'5 |
| Family room | Main level | 15'1 x 16'1 |
| Living room | Main level | 13'8 x 17'4 |
| Dining room | Main level | 11'7 x 11'4 |
| Kitchen | Main level | 17'4 x 10'4 |
Listing Information
- MLS®
- 1033055
- Listed
- April 22, 2026
- Time on market
- On the market for 131 days
- Data last synced
- August 28, 2026
Listing provided by: REMAX Ocean Pacific (Crtny) · Data source: CREA DDF.
Description
Welcome to a rare opportunity in the charming seaside community of Fanny Bay. Situated on nearly one acre, this ocean-view property offers incredible potential for those looking to create their dream home in a truly special setting. This 3,200 sq ft residence spans three levels and features 3 bedrooms and 3 bathrooms, Open Living and Dining room concept and both family and rec rooms providing ample space for the whole family and guests. The home retains its original character throughout, offering a blank canvas for buyers with vision to restore, renovate, or reimagine the space to suit their needs. Large windows capture views of the ocean and bring in natural light, while the functional layout lends itself well to both everyday living and future customization. The lower level includes an 1,100 sq ft unfinished walkout basement, presenting excellent suite potential or additional living space for extended family. With separate access already in place, the groundwork is there for those looking to add value. Outside, the nearly one-acre lot is private and generously sized and ready for revitalization. With some attention and landscaping, this property could be transformed into a stunning coastal retreat, with room for gardens, outdoor living, or even additional improvements. Located in a peaceful, rural setting between Buckley Bay and Fanny Bay, you’ll enjoy the tranquility of island living while still being within a short drive to amenities. A unique opportunity to secure your large ocean-view property with solid bones and endless upside in one of Vancouver Island’s most picturesque coastal communities. (id:63159)
Values & Trends
This listing
$365/sqft
Building average
—
No other active listings in this building
Union Bay/Fanny Bay average
$579/sqft
20 active listing(s)
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
16°C
Mostly Cloudy
Humidity 72%
Wind W 4 km/h
Tonight
13°
Tuesday
20°
Tuesday night
16°
Wednesday
16°
Wednesday night
11°
Thursday
17°
Source: Environment and Climate Change Canada.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Beachcombers Academy(Independent) | Elementary | 835 m |
| Denman Island Community School | Elementary | 2.9 km |
| Bowser Elementary | Elementary | 12.3 km |
| Hornby Island Elementary | Elementary | 12.7 km |
| Royston Elementary | Elementary | 16.9 km |
| Cumberland Community School | Elementary/Middle | 18.7 km |
| Phil & Jennie Gaglardi Academy(Independent) | K-12 | 19.5 km |
| Ecole Robb Road | Elementary | 19.9 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)
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Mortgage & Ownership Cost Calculator
Minimum required: 6.7% ($49,700) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.