Property Type: Land / LotOwnership: Freehold

Lot 3 CEDAR STREET

Texada Island, BC

$139,900

0 bed0 bath0 sqft
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Property Details

Property & Lot

Lot size
16,552 square feet
Frontage
82 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$914

Interior

Fireplace
None

Listing Information

MLS®
18676
Listed
February 11, 2025
Time on market
On the market for 566 days
Data last synced
August 28, 2026

Listing provided by: ROYAL LEPAGE POWELL RIVER · Data source: CREA DDF.

Description

GILLIES BAY BUILDING LOT Make your home on this 1/3 acre lot in the easy-going, friendly community of Gillies Bay on Texada Island. It's an easy walk to the beautiful sandy beach, famous for its annual sandcastle festival. Also close by are the Community Hall, well-stocked General Store, medical clinic, tennis courts and library. Hydro and community water system connections are at the property line. Texada Island is the largest gulf island in the Strait of Georgia, with miles of trails for the hikers, bikers and quads to explore; and beautiful shorelines, lakes, rivers and waterfalls to discover. The island has scheduled ferry service to and from downtown Powell River, and there is a community airport. Call for more details. (id:63159)

Location Insights

Weather

Nearest station: Powell River

Mostly Cloudy

14°C

Mostly Cloudy

Humidity 100%

Wind NE 3 km/h

Tonight

12°

Tuesday

21°

Tuesday night

15°

Wednesday

17°

Wednesday night

12°

Thursday

17°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Texada ElementaryElementary10.5 km
Kelly Creek Community SchoolElementary13.9 km
Powell River Christian School(Independent)Elementary/Middle15.3 km
Westview ElementaryElementary16.2 km
Westview Learning CentreElementary16.3 km
Assumption School(Independent)Elementary17.4 km
Cote-du-SoleilElementary/Middle17.6 km
Edgehill ElementaryElementary19.5 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: Powell RIver (SD47)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($6,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$111,920.00
Periodic payment — Principal & Interest (monthly)$722.07
Additional monthly expenses (strata, tax, utilities, etc.)$76.17
Total monthly cost$798.24
Interest paid over 5-yr term$32,076.59
Balance at end of term$100,672.40

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$6,995
Stress test qualifying rate8.09%
Payment you must qualify for$1,021.99

Cash Needed at Closing

Minimum down payment$6,995
Estimated BC PTT$1,399
Legal / closing costs (typical estimate)$1,500
Total cash needed$9,894

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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