960 SOMERSET LANE
Savary Island, BC
$225,000
Property Details
Property & Lot
- Lot size
- 7,405 square feet
- Frontage
- 50 feet
Ownership & Fees
- Property type
- Other
- Ownership
- Freehold
- Annual property tax
- $1,284
Interior
- Fireplace
- None
Listing Information
- MLS®
- 19720
- Listed
- March 23, 2026
- Time on market
- On the market for 162 days
- Data last synced
- August 28, 2026
Listing provided by: SAVARY ISLAND REAL ESTATE CORP · Data source: CREA DDF.
Description
Studio Cottage available at Indian Point. This property is the affordable island getaway! The location is excellent-off the beaten path at sought after Indian Point and within a short walk of the boat ramp and all the beautiful beaches Indian Point has to offer. The cottage has a spacious feel, with a queen bed, small sitting area, indoor bathroom, kitchen with two-burner cooktop and coffee/eating bar with stools. Outdoors there's a private deck with ample seating spaces, a large fridge/freezer, and an enclosed shower. An indoor propane heater extends the season. Services for this proven summer rental are currently shared, and new owners will need to install a well, septic and power.Savary Island is one of the most beautiful Gulf Islands and has been called the Canadian Caribbean. With its white sand beaches, and warm summer waters , Savary is still one of British Columbia's best kept secrets. Don't miss your opportunity to own a piece of paradise at an affordable price! (id:63159)
Values & Trends
This listing
$1,125/sqft
Building average
—
No other active listings in this building
Savary Island average
$1,222/sqft
2 active listing(s)
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: Powell River
14°C
Mostly Cloudy
Humidity 100%
Wind NE 3 km/h
Tonight
12°
Tuesday
21°
Tuesday night
15°
Wednesday
17°
Wednesday night
12°
Thursday
17°
Source: Environment and Climate Change Canada.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Cortes Island School | Elementary | 15.4 km |
| Miracle Beach Elementary | Elementary | 21.0 km |
| James Thomson Elementary | Elementary | 22.4 km |
| Navigate Academy | Elementary | 23.3 km |
| Ocean Grove Elementary | Elementary | 23.9 km |
| Henderson Elementary | Elementary | 24.5 km |
| Brooks Secondary | Elementary | 24.8 km |
| Secondaire Brooks | Secondary | 24.8 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: Powell RIver (SD47)
Similar Listings Nearby
No similar listings found nearby right now.
Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($11,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.