Property Type: Detached HouseOwnership: Freehold

8598 Island Hwy N

Black Creek, BC V9N1H3

$2,799,000

6 bed5 bath5 parking4,053 sqftBuilt 1989
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Property Details

Property & Lot

Sub-type
House
Lot size
54.5 acres
Zoning
Agricultural

RU-ALR

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,123.96

Interior

Heating
Heat Pump, Electric
Cooling / A/C
None
Fireplace
Yes (2)

Parking

Total spaces
5

Room Dimensions

RoomLevelDimensions
Recreation roomLower level22'6
Primary BedroomMain level11'9 x 13'3
Living roomMain level13'3 x 18'1
KitchenMain level13'3
Family roomLower level36'5
Family roomMain level13'3 x 14'1
EnsuiteMain level3-Piece
Dining nookMain level9'5 x 9'5
Dining roomMain level9'10 x 13'4
DenLower level12'10 x 14'9
BedroomLower level12'10 x 25'8
BedroomMain level9'1 x 9'11
BedroomMain level9'9 x 9'9
BedroomMain level12'2
BedroomMain level
BathroomLower level3-Piece
BathroomMain level4-Piece
BathroomMain level2-Piece
BathroomMain level4-Piece

Listing Information

MLS®
1045007
Listed
August 4, 2026
Time on market
On the market for 27 days
Data last synced
August 28, 2026

Listing provided by: Realpro Real Estate Services Inc. · Data source: CREA DDF.

Description

Stunning 54.5 acres in highly desirable Miracle Beach area. This property is the whole package featuring a brand new 12,000 sqft Agro Commercial building as well as a 4000 sqft 6 bedroom, 5 bathroom level entry walkout home. The home is well maintained with an attached rental suite as well as potential basement suite. Endless possibilities for different potential revenue streams and agricultural uses. This property currently holds farm status with roadwork driveable through the property, as well as potential future access from the east end of the property for potential future development of the back 30 acres. The acreage is level with 3 separate fields cleared and utilized for hay crops. Piped water & a separate well provides good water sources at sensible costs. Rural setting half way between Courtenay/Campbell River. Located in a desired recreational & tourism area between Black Creek, the Oyster River, & Miracle beach. (id:63159)

Values & Trends

This listing

$691/sqft

Building average

No other active listings in this building

Merville Black Creek average

$895/sqft

29 active listing(s)

Parking: 5 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: Campbell River

Shallow Fog

14°C

Shallow Fog

Humidity 100%

Wind NW 9 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
Miracle Beach ElementaryElementary1.3 km
Ocean Grove ElementaryElementary11.2 km
Navigate AcademyElementary11.8 km
Ècole Willow Point ElementaryElementary14.4 km
Georgia Park ElementaryElementary14.6 km
Southgate Middle SchoolElementary15.2 km
Penfield ElementaryElementary15.8 km
Timberline Secondary SchoolElementary16.5 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: 20.0% ($559,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,239,200.00
Periodic payment — Principal & Interest (monthly)$14,446.56
Additional monthly expenses (strata, tax, utilities, etc.)$463.33
Total monthly cost$14,909.89
Interest paid over 5-yr term$641,761.16
Balance at end of term$2,014,167.64

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$559,800
Stress test qualifying rate8.09%
Payment you must qualify for$17,218.66

Cash Needed at Closing

Minimum down payment$559,800
Estimated BC PTT$61,970
Legal / closing costs (typical estimate)$1,500
Total cash needed$623,270

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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