Property Type: Land / LotOwnership: Freehold

Lot 2 Mersey Rd

Port Alberni, BC V9Y8W4

$499,000

0 bed0 bath
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Property Details

Property & Lot

Lot size
2.32 acres
Zoning
Rural residential

A1

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$0

Interior

Fireplace
None

Listing Information

MLS®
1046425
Listed
August 7, 2026
Time on market
On the market for 24 days
Data last synced
August 28, 2026

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

Description

BUILD YOUR DREAM HOME ON 2.3 ACRES. Discover the perfect setting for your dream home on this beautiful 2.3-acre building lot, ideally located on a quiet no-through road just minutes from town. Offering a peaceful natural setting, this property gives you the flexibility to choose the perfect building site to suit your vision. A water line is already in place, making it even easier to start planning your build. The zoning also allows for a secondary dwelling, such as a carriage home, cottage or garden suite—ideal for rental income or multi-generational living. With plenty of room for a custom home, shop, and outdoor space, the possibilities are endless while still being close to shopping, schools, recreation, and all of Port Alberni’s amenities. (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
Tsuma-as ElementaryElementary1.6 km
Haahuupayak School(Independent)Elementary2.1 km
Alberni ElementaryElementary2.9 km
John Howitt ElementaryElementary3.2 km
des Grands-cedresElementary3.2 km
Alberni District SecondarySecondary4.1 km
John Paul II Catholic School(Independent)Elementary4.2 km
Wood ElementaryElementary4.5 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% ($24,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$399,200.00
Periodic payment — Principal & Interest (monthly)$2,575.50
Additional monthly expenses (strata, tax, utilities, etc.)$0.00
Total monthly cost$2,575.50
Interest paid over 5-yr term$114,411.87
Balance at end of term$359,081.69

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$24,950
Stress test qualifying rate8.09%
Payment you must qualify for$3,645.28

Cash Needed at Closing

Minimum down payment$24,950
Estimated BC PTT$7,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$34,430

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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