7481 Island Hwy
Merville, BC V0R2M0
$1,295,000
Property Details
Property & Lot
- Lot size
- 19.95 acres
- Zoning
- Rural residential
RU-8
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $3,805
Interior
- Fireplace
- None
Parking
- Total spaces
- 4
Listing Information
- MLS®
- 1033835
- Listed
- April 28, 2026
- Time on market
- On the market for 125 days
- Data last synced
- August 28, 2026
Listing provided by: REMAX Ocean Pacific (Crtny) · Data source: CREA DDF.
Description
Discover the potential of this expansive 19.9 -acre property with excellent highway exposure—perfect for those seeking visibility, accessibility, and space to bring their vision to life. Whether you're planning a dream home, hobby farm, or investment project, this property offers a strong foundation to build on. A driveway is already in place, providing easy access from the highway. Essential services are ready to go with a drilled well, septic system, and 2 - 200 amp electrical service installed. This setup saves you time and significant upfront development costs. With nearly 20 acres of usable land, there’s ample room for a residence, outbuildings, gardens, or recreational use. The high-visibility location also opens the door to potential business or home-based enterprise opportunities (buyer to verify zoning). A rare opportunity to secure a large, serviced acreage with excellent exposure—bring your ideas and make it your own. (id:63159)
Location Insights
Weather
Nearest station: Courtenay
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 |
|---|---|---|
| Navigate Academy | Elementary | 5.1 km |
| Miracle Beach Elementary | Elementary | 7.0 km |
| Huband Park Elementary | Elementary | 9.8 km |
| Georges P. Vanier Secondary | Secondary | 11.4 km |
| Queneesh Elementary | Elementary | 12.1 km |
| Glacier View Secondary Centre | K-12 | 12.6 km |
| Ecole Puntledge Park Elementary | Elementary | 13.4 km |
| Ecole Secondaire Mark R Isfeld Secondary | Secondary | 13.7 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: 8.1% ($104,500) — 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.