LOT 2 Dempsey Rd
Gabriola Island, BC V0R1X2
$749,900
Property Details
Property & Lot
- Lot size
- 26.71 acres
- Zoning
- Residential
R
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $3,462.16
Interior
- Fireplace
- None
Exterior & Lot
- View
- Ocean view
- Waterfront
- Waterfront on ocean
Parking
- Total spaces
- 4 — uncovered indicated
- Features
- Open
Listing Information
- MLS®
- 1046815
- Listed
- August 13, 2026
- Time on market
- On the market for 18 days
- Data last synced
- August 28, 2026
Listing provided by: Landquest Realty Corporation · Data source: CREA DDF.
Description
Rare opportunities like this come along once in a generation. Perched at the highest point on Gabriola Island, this exceptional 26.7 acre estate offers a fully serviced, ready to build homesite with sweeping, unobstructed views across Northumberland Channel, the Gulf Islands, and out to the Olympic Peninsula. Set safely back from a dramatic 300 foot cliff, the cleared building site captures stunning vistas of sailboats, killer whales, and eagles riding the thermals, while the property itself is divided by Dempsey Road into two distinct sections - one offering gently sloped forest with potential sea views, and the other delivering the dramatic cliffside outlook with guaranteed privacy. The land is fully accessible on both sides, with a lower bench adding further potential. Adding significant value, an annual foreshore lease generates more income than the property taxes, while a 250 foot well, 200 amp service, septic system and cistern are already in place, allowing you to skip the usual development challenges and begin designing your dream home right away! (id:63159)
Location Insights
Weather
Nearest station: Nanaimo
13°C
Partly Cloudy
Humidity 88%
Wind WSW 2 km/h
Tonight
12°
Tuesday
21°
Tuesday night
14°
Wednesday
16°
Wednesday night
11°
Thursday
17°
Source: Environment and Climate Change Canada.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Gabriola Elementary | Elementary | 2.2 km |
| Qwam Qwum Stuwixwulh Community School | Elementary | 4.1 km |
| Cedar Secondary | Secondary | 4.8 km |
| Fulford Community Elementary | Elementary | 6.1 km |
| Chase River Elementary | Elementary | 6.2 km |
| Bayview Elementary | Elementary | 6.3 km |
| Pauline Haarer Elementary | Elementary | 6.8 km |
| Cedar Elementary | Elementary | 6.8 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: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 6.7% ($49,990) — 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.