Property Type: Land / LotOwnership: Freehold

Lot 72 Harrison Way

Gabriola Island, BC V0R1X2

$325,000

0 bed0 bath2 parking
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Property Details

Property & Lot

Lot size
0.84 acres
Zoning
Unknown

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,898

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
2 — uncovered indicated
Features
Open

Listing Information

MLS®
1039933
Listed
June 16, 2026
Time on market
On the market for 77 days
Data last synced
August 28, 2026

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

Description

High-bank waterfront opportunity on Gabriola Island with southwest exposure and views across the ocean toward the mountains of Vancouver Island. Spanning 0.84 acres, this property offers a natural setting with mature trees and arbutus-lined ridges that frame the outlook, creating privacy while showcasing an ever-changing marine view. A roughed-in driveway leads to a cleared area near the view ridge, offering a starting point for future plans, whether you envision a full-time residence or recreational retreat. Zoning permits a home plus up to 3 outbuildings. An older septic system is present; buyers are encouraged to verify condition and suitability for their intended use. Located on a quiet no-through road, high above the water and close to the ferry, village, and everyday amenities. Gabriola Island is known for its strong sense of community, arts culture, extensive trail network, and boating lifestyle, with two-vessel ferry service connecting to downtown Nanaimo. (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 ElementaryElementary2.4 km
Qwam Qwum Stuwixwulh Community SchoolElementary4.1 km
Cedar SecondarySecondary4.8 km
Fulford Community ElementaryElementary5.8 km
Bayview ElementaryElementary5.8 km
Chase River ElementaryElementary5.9 km
Pauline Haarer ElementaryElementary6.3 km
Park Avenue ElementaryElementary6.4 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% ($16,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$260,000.00
Periodic payment — Principal & Interest (monthly)$1,677.43
Additional monthly expenses (strata, tax, utilities, etc.)$158.17
Total monthly cost$1,835.60
Interest paid over 5-yr term$74,516.75
Balance at end of term$233,870.84

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$16,250
Stress test qualifying rate8.09%
Payment you must qualify for$2,374.18

Cash Needed at Closing

Minimum down payment$16,250
Estimated BC PTT$4,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$22,250

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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