Property Type: Land / LotOwnership: Freehold

Lot 1 Cowley Rd

Port Alberni, BC V9Y8R7

$275,000

0 bed0 bath10 parking
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Property Details

Property & Lot

Lot size
0.6 acres
Zoning
Residential

RA3

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,062

Interior

Fireplace
None

Exterior & Lot

View
Mountain view

Parking

Total spaces
10

Listing Information

MLS®
1037284
Listed
May 19, 2026
Time on market
On the market for 104 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Mid-Island Realty · Data source: CREA DDF.

Description

This .59-acre cleared building lot in the desirable Cherry Creek area near Port Alberni offers an excellent opportunity to build your dream home. With water, 200-amp hydro, and natural gas already to the property, much of the prep work is done. There is a pre-existing foundation that may have value to a buyer, or the current owner can remove it upon request before completion. The land has a gentle slope near the back, making this an excellent opportunity for multiple styles of building. Either way you decide, you will enjoy stunning views from your future home site. The lot is neighbouring quality new builds, with one already completed and another underway in the future. There is talk of future fencing being installed around this property, making this an ideal location to fit right in with a modern, growing neighbourhood—all just minutes from town, schools, and amenities. Don’t miss this opportunity to secure one of the few available lots in this desirable area. Call or text Dylan Gauthier today! 250-730-4663 (id:63159)

Location Insights

Weather

15°C

Humidity 86%

Wind S calm km/h

Tonight

11°

Tuesday

21°

Tuesday night

14°

Wednesday

16°

Wednesday night

10°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

18,259

(2021 Census)

+3.3% since 2016

Density: 928.7/km²

Dwellings: 8,919

Median household income: $62,800

After-tax: $58,400

Immigrant population: 10%

Top countries of origin (% of total population)

  • United Kingdom2.4% · 430
  • India1% · 190
  • Netherlands0.8% · 150
  • United States of America0.8% · 140
  • Germany0.6% · 115
  • Italy0.5% · 85
  • Mexico0.3% · 60
  • Viet Nam0.3% · 50

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
John Howitt ElementaryElementary1.4 km
des Grands-cedresElementary2.0 km
Tsuma-as ElementaryElementary2.4 km
Alberni ElementaryElementary2.8 km
Alberni District SecondarySecondary3.5 km
Wood ElementaryElementary3.7 km
John Paul II Catholic School(Independent)Elementary4.0 km
Haahuupayak School(Independent)Elementary4.7 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: Pacific Rim (SD70)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($13,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$220,000.00
Periodic payment — Principal & Interest (monthly)$1,419.37
Additional monthly expenses (strata, tax, utilities, etc.)$88.50
Total monthly cost$1,507.87
Interest paid over 5-yr term$63,052.63
Balance at end of term$197,890.71

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$13,750
Stress test qualifying rate8.09%
Payment you must qualify for$2,008.92

Cash Needed at Closing

Minimum down payment$13,750
Estimated BC PTT$3,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$18,750

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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