Lot 1 Wavell Rd
Fanny Bay, BC V0R1W0
$9,500,000
Property Details
Property & Lot
- Lot size
- 224.67 acres
- Zoning
- Rural residential
RU-ALR
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $1,111.67
Interior
- Fireplace
- None
Exterior & Lot
- View
- Mountain view, Ocean view, River view, View, Valley view
- Waterfront
- Waterfront on ocean
Parking
- Total spaces
- 10
Listing Information
- MLS®
- 1046915
- Listed
- August 18, 2026
- Time on market
- On the market for 13 days
- Data last synced
- August 28, 2026
Listing provided by: Sotheby's International Realty Canada · Data source: CREA DDF.
Description
*FOREIGN BUYER BAN EXEMPT* 224 acres on the edge of Baynes Sound - a scale of ownership Vancouver Island's east coast rarely offers, and almost never with the sea itself as the boundary.Lot 1 Wavell Road unfolds from tidewater to timber. Roughly 2.8 kilometres of natural shoreline trace the property's seaward edge, where the tide draws back over the eelgrass flats of Mud Bay and the oyster leases beyond. Inland lies open hayfields and cultivated ground, a freshwater pond worked by geese, stands of mature Douglas fir and cedar, and quiet meadows where blacktail deer graze at dusk. To the west, the Beaufort Range fills the sky. The land is pristine: 224.67 acres on a single title, vacant, awaiting a first vision. Five drilled wells serve the fields - an uncommon advantage in a valley where irrigation, not sunlight, is the limiting factor. The ground sits outside the floodplain. 2025 taxes only $1,111.67. Within the Agricultural Land Reserve, the parcel's size unlocks the province's more generous residential allowance: a principal residence to 500 m2 (approx. 5,380 sq ft) together with a detached second dwelling to 186 m2 (approx. 2,000 sq ft), without application to the Agricultural Land Commission. Hay and forage, orchard, livestock, silviculture, farm-gate retail, seasonal agri-tourism - the permitted uses are broad and the canvas exceptional. Scarcity defines this opportunity. Fewer than one in five Comox Valley farms exceeds seventy acres. Baynes Sound produces more than half of British Columbia's shellfish and is recognized as a globally significant bird area, where the spring herring spawn draws tens of thousands of birds to these waters. Cumberland's celebrated trail network is 21 minutes away, Courtenay 26, Qualicum Beach 31. Buckley Bay and the ten-minute crossing to Denman and Hornby Islands sit just north. Comox Valley Airport flies non-stop to Vancouver, Calgary, Edmonton and Kelowna year-round. Land of this consequence is not created twice. (id:63159)
Location Insights
Weather
Nearest station: Comox
16°C
Mostly Cloudy
Humidity 72%
Wind W 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
| School | Type | Distance |
|---|---|---|
| Bowser Elementary | Elementary | 5.3 km |
| Beachcombers Academy(Independent) | Elementary | 6.5 km |
| Denman Island Community School | Elementary | 8.7 km |
| Hornby Island Elementary | Elementary | 10.6 km |
| John Howitt Elementary | Elementary | 21.5 km |
| Tsuma-as Elementary | Elementary | 21.9 km |
| des Grands-cedres | Elementary | 22.1 km |
| Alberni Elementary | Elementary | 22.9 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: Comox Valley (SD71)
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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.