Property Type: Land / LotOwnership: Freehold

Lot 2 Wild Cherry Terr

Gabriola Island, BC V0R1X5

$279,000

0 bed0 bath
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Property Details

Property & Lot

Lot size
0.5 acres
Zoning
Unknown

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,200

Interior

Fireplace
None

Listing Information

MLS®
1040612
Listed
June 18, 2026
Time on market
On the market for 74 days
Data last synced
August 28, 2026

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

Description

Tucked away on a quiet no-through road, this 0.5-acre lot offers the perfect start for your future Gabriola Island home. With ocean glimpses, a private setting, and a south-facing backyard, the property provides a great setting for a full-time residence, vacation getaway, or island retreat. An older septic system is in place, and hydro is available at the lot line, giving a helpful starting point as you explore your building plans. Zoning allows for a single family residence and 3 outbuildings. Gabriola is one of the most accessible Southern Gulf Islands, located just a short ferry ride from Nanaimo, while still offering the relaxed pace and natural beauty of island living. Known for its vibrant arts community and endless outdoor opportunities, Gabriola offers a lifestyle that blends creativity, community, and connection to nature. This property is an inviting opportunity to create your own place on the island. Buyer to verify any information that deem important. (id:63159)

Location Insights

Weather

Nearest station: Nanaimo

Partly Cloudy

15°C

Partly Cloudy

Humidity 85%

Wind N 2 km/h

Tonight

12°

Tuesday

21°

Tuesday night

14°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

7

1/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Gabriola ElementaryElementary3.4 km
Qwam Qwum Stuwixwulh Community SchoolElementary8.1 km
Cedar SecondarySecondary8.4 km
Cedar ElementaryElementary9.7 km
Bayview ElementaryElementary10.8 km
Fulford Community ElementaryElementary10.8 km
Chase River ElementaryElementary10.8 km
Pauline Haarer ElementaryElementary10.9 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.

Nearby Places

Parks (5+)

  • Captain Ahab's Terrace Community Park · 1486 Moby Dick's Way306 m
  • Blue Whale Community Park · 1574 Whalebone Drive398 m
  • Town-Ho End Community Park · 1463 Town-Ho End476 m
  • Hummingbird Community Park · 1612 Whalebone Drive528 m
  • Pequod Crescent Community Park · 1645 Whalebone Drive592 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($13,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$223,200.00
Periodic payment — Principal & Interest (monthly)$1,440.01
Additional monthly expenses (strata, tax, utilities, etc.)$100.00
Total monthly cost$1,540.01
Interest paid over 5-yr term$63,969.76
Balance at end of term$200,769.12

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$13,950
Stress test qualifying rate8.09%
Payment you must qualify for$2,038.14

Cash Needed at Closing

Minimum down payment$13,950
Estimated BC PTT$3,580
Legal / closing costs (typical estimate)$1,500
Total cash needed$19,030

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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