Property Type: Detached HouseOwnership: Freehold

879 Canso Rd

Gabriola Island, BC V0R1X2

$2,500,000

4 bed3 bath8 parking3,712 sqftBuilt 2019
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Property Details

Property & Lot

Sub-type
House
Lot size
2.2 acres
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$8,081.61

Interior

Heating
Heat Pump, Electric
Cooling / A/C
Fully air conditioned, Air Conditioned
Fireplace
Yes (1)

Exterior & Lot

View
City view, Mountain view, Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
8

Room Dimensions

RoomLevelDimensions
BathroomAuxiliary Building3-Piece
BedroomAuxiliary Building7'5 x 20'7
KitchenAuxiliary Building10'3 x 8'11
Living roomAuxiliary Building17'5 x 16'1
StudioMain level15'10 x 23'9
Laundry roomMain level17'2 x 16'10
Living roomMain level21'11 x 24'76
KitchenMain level12'9 x 20'11
Dining roomMain level12'4
Primary BedroomMain level13'10 x 24'5
BedroomMain level11'10 x 10'9
BedroomMain level10'8
BathroomMain level9'9 x 12'6
BathroomMain level11'1

Listing Information

MLS®
1043806
Listed
July 22, 2026
Time on market
On the market for 40 days
Data last synced
August 28, 2026

Listing provided by: Sotheby's International Realty Canada · Data source: CREA DDF.

Description

Welcome to 879 Canso Road—a breathtaking oceanfront retreat on stunning Gabriola Island! This private 2.2-acre estate showcases panoramic ocean, mountain and city views, vibrant sunsets, and abundant wildlife. Meticulously maintained, the property includes a quality-built main home, spacious carriage house, studio, and shop—ideal for artists, entrepreneurs, or potential B&B income. Features include HVAC, rainwater collection with 13,000-gal cistern, new secondary cistern system, filtration system, central vac, 100 KVA generator, security system, and gated entry with intercom. The chef’s kitchen boasts high-end appliances, a 6-burner commercial stove, quartz countertops, and an electric fireplace. Enjoy mature landscaping, fruit trees, berries, garden beds, and unfiltered outdoor oceanfront views. Experience spa-like coastal living in a truly special location. Words and photos can’t capture it all—come see it for yourself! (id:63159)

Values & Trends

This listing

$673/sqft

Building average

No other active listings in this building

Gabriola Island average

$589/sqft

35 active listing(s)

Parking: 8 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 ElementaryElementary2.2 km
Pauline Haarer ElementaryElementary5.4 km
Bayview ElementaryElementary5.4 km
Qwam Qwum Stuwixwulh Community SchoolElementary5.6 km
Fulford Community ElementaryElementary6.0 km
Park Avenue ElementaryElementary6.3 km
Brechin ElementaryElementary6.3 km
Fairview ElementaryElementary6.4 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: 20.0% ($500,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,000,000.00
Periodic payment — Principal & Interest (monthly)$12,903.32
Additional monthly expenses (strata, tax, utilities, etc.)$859.47
Total monthly cost$13,762.79
Interest paid over 5-yr term$573,205.75
Balance at end of term$1,799,006.47

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$500,000
Stress test qualifying rate8.09%
Payment you must qualify for$15,379.30

Cash Needed at Closing

Minimum down payment$500,000
Estimated BC PTT$53,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$554,500

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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