Property Type: Detached HouseOwnership: Freehold

948 Harrison Way

Gabriola Island, BC V0R1X2

$515,000

1 bed2 bath1 parking1,108 sqftBuilt 1994
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Property Details

Property & Lot

Sub-type
House
Lot size
19,166 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,356.03

Interior

Heating
Baseboard heaters, Electric, Wood
Cooling / A/C
None
Fireplace
Yes (1)

Parking

Total spaces
1 — uncovered indicated
Features
Stall

Room Dimensions

RoomLevelDimensions
Primary BedroomSecond level
BathroomSecond level4-Piece
DenSecond level
Laundry roomMain level5'9
KitchenMain level12'9
Living roomMain level12'10 x 11'2
Dining roomMain level
BathroomMain level1-Piece

Listing Information

MLS®
1034104
Listed
May 1, 2026
Time on market
On the market for 122 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Nanaimo Realty Gabriola · Data source: CREA DDF.

Description

Creatively designed home located just minutes to the ocean. This two story 1108 square foot, 1 bedroom plus den, 1.5 bathroom home enjoys southwest exposure, taking advantage of its passive solar design. Large primary bedroom and cozy den have ample windows creating bright spaces. The main floor living area enjoys the warmth of the Tempcast Masonry Heater which easily keeps both up and down warm throughout the winter months. Explore the trails that wind through the trees and boulders on the hillside behind the house on both lots. A mature apple tree and kiwi vine, flowering bulbs and mature perennials adorn the property amongst the rock work and raised garden beds. This convenient location is walking distance to the beach and ferry terminal, making this a perfect setup for someone looking for a sustainable living experience. The adjoining lot is listed separately and can accommodate a full dwelling, studio, extra garden or just a little more space between you and your neighbour. (id:63159)

Values & Trends

This listing

$465/sqft

Building average

No other active listings in this building

Gabriola Island average

$595/sqft

35 active listing(s)

Parking: 1 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 ElementaryElementary1.7 km
Qwam Qwum Stuwixwulh Community SchoolElementary5.4 km
Bayview ElementaryElementary5.8 km
Pauline Haarer ElementaryElementary5.9 km
Cedar SecondarySecondary6.1 km
Fulford Community ElementaryElementary6.2 km
Park Avenue ElementaryElementary6.6 km
Chase River ElementaryElementary6.7 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: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.1% ($26,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$412,000.00
Periodic payment — Principal & Interest (monthly)$2,658.08
Additional monthly expenses (strata, tax, utilities, etc.)$251.34
Total monthly cost$2,909.42
Interest paid over 5-yr term$118,080.38
Balance at end of term$370,595.33

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$26,500
Stress test qualifying rate8.09%
Payment you must qualify for$3,756.39

Cash Needed at Closing

Minimum down payment$26,500
Estimated BC PTT$8,300
Legal / closing costs (typical estimate)$1,500
Total cash needed$36,300

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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