Property Type: Detached HouseOwnership: Freehold

840 Mary Rd

Gabriola Island, BC V0R1X3

$635,000

3 bed2 bath4 parking1,102 sqftBuilt 1989
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Property Details

Property & Lot

Sub-type
House
Lot size
17,860 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,506

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
None

Parking

Total spaces
4 — uncovered indicated
Features
Stall

Room Dimensions

RoomLevelDimensions
Primary BedroomMain level13'8 x 14'4
Living roomMain level16'7 x 14'3
KitchenMain level8'8 x 11'2
Dining roomMain level6'1 x 11'2
BedroomMain level11'3 x 10'6
BedroomMain level10'6 x 10'9
BathroomMain level4-Piece
EnsuiteMain level3-Piece

Listing Information

MLS®
1032008
Listed
April 15, 2026
Time on market
On the market for 138 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Nanaimo Realty (NanIsHwyN) · Data source: CREA DDF.

Description

Looking for a well-located family home, retirement option, or investment property? This recently renovated 3-bedroom, 2- full bathroom home offers a practical layout with updated finishes throughout. The primary bedroom includes a walk-in closet and private ensuite, providing a comfortable and functional space. The home also features a large deck overlooking a level 0.41-acre lot with plenty of room for outdoor use, gardening, or future ideas. Steps from Gabriola’s 707-acre park with an extensive network of walking trails, this property is ideal for those who enjoy easy access to nature. Located within walking distance to Gabriola Elementary School and just a short distance to local shops and amenities, the home offers both convenience and flexibility for a range of buyers. (id:63159)

Values & Trends

This listing

$576/sqft

Building average

No other active listings in this building

Gabriola Island average

$591/sqft

35 active listing(s)

Parking: 4 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

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.

Nearby Schools

SchoolTypeDistance
Gabriola ElementaryElementary1.5 km
Qwam Qwum Stuwixwulh Community SchoolElementary6.8 km
Cedar SecondarySecondary7.3 km
Bayview ElementaryElementary8.9 km
Pauline Haarer ElementaryElementary9.0 km
Cedar ElementaryElementary9.0 km
Fulford Community ElementaryElementary9.0 km
Chase River ElementaryElementary9.2 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.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 6.1% ($38,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$508,000.00
Periodic payment — Principal & Interest (monthly)$3,277.44
Additional monthly expenses (strata, tax, utilities, etc.)$263.83
Total monthly cost$3,541.28
Interest paid over 5-yr term$145,594.26
Balance at end of term$456,947.64

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$38,500
Stress test qualifying rate8.09%
Payment you must qualify for$4,586.88

Cash Needed at Closing

Minimum down payment$38,500
Estimated BC PTT$10,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$50,700

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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