Property Type: Land / LotOwnership: Freehold

8460 Penny Lane

Fanny Bay, BC V0R1W0

$598,500

0 bed0 bath4 parking
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Property Details

Property & Lot

Lot size
2.37 acres
Zoning
Unknown

CR-1

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,539

Interior

Fireplace
None

Exterior & Lot

View
Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
4 — uncovered indicated
Features
Open

Listing Information

MLS®
1032107
Listed
April 14, 2026
Time on market
On the market for 139 days
Data last synced
August 28, 2026

Listing provided by: REMAX Ocean Pacific (Crtny) · Data source: CREA DDF.

Description

Here’s your chance to own 2.37 acres of walk-on oceanfront, a rare find with endless potential. Zoned CR-1, this beautiful property allows for a single-family home plus a carriage house, giving you the flexibility to create the coastal lifestyle you've been dreaming of. Soak up the sun with ideal exposure for gardening or building a thriving greenhouse, and enjoy the ease of self-sufficiency in this peaceful, natural setting. This is West Coast living at its best. Come and explore the possibilities! For more information please contact Ronni Lister at 250-702-7252 or ronnilister.com. (id:63159)

Location Insights

Weather

Nearest station: Comox

Mostly Cloudy

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

SchoolTypeDistance
Beachcombers Academy(Independent)Elementary5.6 km
Bowser ElementaryElementary7.0 km
Denman Island Community SchoolElementary8.4 km
Hornby Island ElementaryElementary12.3 km
John Howitt ElementaryElementary21.1 km
Tsuma-as ElementaryElementary21.3 km
des Grands-cedresElementary21.6 km
Haahuupayak School(Independent)Elementary22.3 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)

Mortgage & Ownership Cost Calculator

Minimum required: 5.8% ($34,850) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$478,800.00
Periodic payment — Principal & Interest (monthly)$3,089.06
Additional monthly expenses (strata, tax, utilities, etc.)$211.58
Total monthly cost$3,300.64
Interest paid over 5-yr term$137,225.46
Balance at end of term$430,682.15

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$34,850
Stress test qualifying rate8.09%
Payment you must qualify for$4,334.27

Cash Needed at Closing

Minimum down payment$34,850
Estimated BC PTT$9,970
Legal / closing costs (typical estimate)$1,500
Total cash needed$46,320

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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