Property Type: Land / LotOwnership: Freehold

DL363 Read Island

Read Island, BC V0P1W0

$1,500,000

0 bed0 bath
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Property Details

Property & Lot

Lot size
152.67 acres
Zoning
Other

F-1

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,899.73

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Listing Information

MLS®
1032426
Listed
April 16, 2026
Time on market
On the market for 137 days
Data last synced
August 28, 2026

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

Description

152 acres on the shores of Read Island in Hoskyn Channel and just outside the entrance of Whiterock Pass. This is a picturesque and protected location with quick, easy access to services and amenities located at Heriot Bay on Quadra Island or the larger centre of Campbell River on Vancouver Island. This location is also minutes away from the BC mainland and majestic inlets such as Toba and Bute. A new dock at Hoskyn Channel Landing on Quadra Island provides close access. Offering approximately 3000ft of ocean frontage, this west and south-west facing property has a number of small bays along its rocky shoreline, providing numerous locations for deep water moorage. At the centre of the shoreline is a private homestead, surrounded by this property which gradually slopes up from the water and then levels off towards the eastern border. A watercourse runs from the upper middle of the property to the water, crossing onto the other property before reaching the ocean. Nicely treed throughout, the property was last logged about 40 years ago. There is a good mix of conifers with some deciduous trees. Some areas are ready for harvesting now, and the seller can provide more information on the harvestable timber for those inquiring. The property is boat access, however there is legal access by way of registered easement from the public road on Read Island through the neighbouring property onto this one for residential use (not to be used for logging trucks). With the size of the property and the large amount of shoreline there is subdivision potential, and it could be divided into a variety of configurations (a number of freehold oceanfront lots, a bareland strata development with common property, two or three larger acreages, etc). Or it could be developed as a stunning oceanfront trophy property. The quick and easy access to Read Island makes subdivision into smaller lots very saleable in the future. (id:63159)

Location Insights

Weather

Nearest station: Campbell River

Shallow Fog

14°C

Shallow Fog

Humidity 100%

Wind NW 4 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
Surge Narrows ElementaryK-121.0 km
Cortes Island SchoolElementary21.8 km
Quadra ElementaryElementary22.8 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: Campbell River (SD72)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($300,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,200,000.00
Periodic payment — Principal & Interest (monthly)$7,741.99
Additional monthly expenses (strata, tax, utilities, etc.)$158.31
Total monthly cost$7,900.30
Interest paid over 5-yr term$343,923.45
Balance at end of term$1,079,403.88

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$300,000
Stress test qualifying rate8.09%
Payment you must qualify for$9,227.58

Cash Needed at Closing

Minimum down payment$300,000
Estimated BC PTT$28,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$329,500

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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