Property Type: Land / LotOwnership: Freehold

970 Virginia Rd

Coombs, BC V0R1M0

$699,000

0 bed0 bath
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Property Details

Property & Lot

Lot size
5 acres
Zoning
Unknown

R-1

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,898

Interior

Fireplace
None

Exterior & Lot

View
Mountain view

Listing Information

MLS®
1040280
Listed
June 12, 2026
Time on market
On the market for 80 days
Data last synced
August 28, 2026

Listing provided by: REMAX Professionals (NA) · Data source: CREA DDF.

Description

Just minutes to Coombs Market and a short drive to Parksville /Qualicum makes this location an ideal place for a rural estate property. Located in Virginia Estates this 5 acre parcel featuring mountain views and southern exposure is Zoned Rural 1 which allows for 2 dwellings making it ideal for a family homestead or additional dwelling for rental income. Section 514 of the BC Local Government Act allows owners to subdivide for a family member. (Buyer to confirm the requirements.) Development permit is ready to go for a 1754 sq ft Rancher, which the Seller would be willing to build. Septic plan is in place and there is 1 drilled well on the property. The majority of the property has been leveled and offers a treed buffer at the rear of the property for privacy. For further information reach out to your Realtor or contact me for an Information Package. (id:63159)

Location Insights

Weather

Nearest station: Qualicum Beach

15°C

Humidity 79%

Wind W 3 km/h

Tonight

13°

Tuesday

19°

Tuesday night

14°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

7

2/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Arrowview ElementaryElementary4.8 km
Kwalikum SecondarySecondary4.8 km
Arrowsmith Independent School(Independent)Elementary5.3 km
Pass/Woodwinds AlternateSecondary5.4 km
Errington ElementaryElementary5.5 km
Oceanside ElementaryElementary5.6 km
Ecole Secondaire Ballenas SecondarySecondary5.6 km
Springwood ElementaryElementary6.3 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.

Nearby Places

Restaurants (1)

  • Cuckoo Trattoria & Pizzeria755 m

Grocery (1)

  • Goats on the Roof · 2326 Alberni Highway688 m

Nearby places data: © OpenStreetMap contributors.

School district: Qualicum (SD69)

Mortgage & Ownership Cost Calculator

Minimum required: 6.4% ($44,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$559,200.00
Periodic payment — Principal & Interest (monthly)$3,607.77
Additional monthly expenses (strata, tax, utilities, etc.)$241.50
Total monthly cost$3,849.27
Interest paid over 5-yr term$160,268.33
Balance at end of term$503,002.21

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$44,900
Stress test qualifying rate8.09%
Payment you must qualify for$5,029.80

Cash Needed at Closing

Minimum down payment$44,900
Estimated BC PTT$11,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$58,380

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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