Property Type: Land / LotOwnership: Freehold

Lot 6 Spruce Ave

Gabriola Island, BC V0R1X1

$209,900

0 bed0 bath
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Property Details

Property & Lot

Lot size
18,308 square feet
Zoning
Unknown

SRR

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,248.98

Interior

Fireplace
None

Parking

Features
None

Listing Information

MLS®
1036850
Listed
May 14, 2026
Time on market
On the market for 109 days
Data last synced
August 28, 2026

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

Description

Tucked into a quiet, established neighbourhood in the north end of Gabriola Island, this 0.42-acre lot is the kind of property that rewards the patient buyer — one who has been waiting for the right piece of land in the right place. Gently sloping and beautifully treed with cedar, the lot has a natural warmth to it. East-facing aspect, paved road access, and a street of established homes surrounding it — the bones are all here. Zoned SRR, it suits a primary residence or cottage retreat equally well, and the gentle topography makes for a more straightforward build than many lots on the island. Shopping and services are close by, and the Nanaimo ferry terminal is just minutes away. Gabriola is 25 minutes by ferry — close enough to the city for convenience, far enough for the life you are actually after. All data and measurements are approximate and are to be verified if 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.

Nearby Schools

SchoolTypeDistance
Gabriola ElementaryElementary1.5 km
Pauline Haarer ElementaryElementary7.7 km
Qwam Qwum Stuwixwulh Community SchoolElementary7.8 km
Bayview ElementaryElementary8.0 km
Brechin ElementaryElementary8.3 km
Cedar SecondarySecondary8.4 km
Fairview ElementaryElementary8.7 km
Fulford Community ElementaryElementary8.7 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)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($10,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$167,920.00
Periodic payment — Principal & Interest (monthly)$1,083.36
Additional monthly expenses (strata, tax, utilities, etc.)$104.08
Total monthly cost$1,187.44
Interest paid over 5-yr term$48,126.35
Balance at end of term$151,044.58

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$10,495
Stress test qualifying rate8.09%
Payment you must qualify for$1,533.35

Cash Needed at Closing

Minimum down payment$10,495
Estimated BC PTT$2,198
Legal / closing costs (typical estimate)$1,500
Total cash needed$14,193

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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