Property Type: Land / LotOwnership: Freehold

Lot A Vargas Island

Tofino, BC V0R2Z0

$3,750,000

0 bed0 bath
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Property Details

Property & Lot

Lot size
65.48 acres
Zoning
Other

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,429.89

Interior

Fireplace
None

Exterior & Lot

View
Ocean view
Waterfront
Waterfront on ocean

Listing Information

MLS®
956243
Listed
March 20, 2024
Time on market
On the market for 894 days
Data last synced
August 28, 2026

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

Description

This 65+ acre property is situated within the Clayoquot Sound Biosphere and less than 2.5 miles from Tofino on Vargas Island almost half of which is adjacent to Vargas Island Provincial Park. This is a very Rare opportunity: one of less than a dozen privately owned properties on the island and one of only two with a west-facing waterfront within the Provincial Park. Zoned A4, the property is perfect for a private residence or a group purchase for a wilderness retreat. Remote yet accessible, offering approximately 1 mile of oceanfront footage for an adventurous West Coast pioneering experience. Enjoy well-known wildlife viewing opportunities of wolves, bears, birdlife, and marine life such as gray whales. The property is surrounded by untouched west coast forest and offers exceptional south and west exposure. Don't miss out on this rare chance to own a piece of Western Canada's most spectacular waterfront. (id:63159)

Location Insights

Weather

Mainly Sunny

14°C

Mainly Sunny

Humidity 94%

Wind NW 9 km/h

Tonight

13°

Tuesday

15°

Tuesday night

14°

Wednesday

14°

Wednesday night

12°

Thursday

16°

Source: Environment and Climate Change Canada.

Population

2,516

(2021 Census)

+27.9% since 2016

Density: 238.3/km²

Dwellings: 1,205

Median household income: $85,000

After-tax: $75,500

Immigrant population: 9.9%

Top countries of origin (% of total population)

  • United Kingdom1.6% · 40
  • United States of America1.4% · 35
  • Germany0.6% · 15
  • France0.4% · 10

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Maaqtusiis Secondary(Independent)Secondary9.0 km
Maaqtusiis Elementary(Independent)Elementary10.3 km
Wickaninnish Community SchoolElementary10.4 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: Pacific Rim (SD70)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($750,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,000,000.00
Periodic payment — Principal & Interest (monthly)$19,354.98
Additional monthly expenses (strata, tax, utilities, etc.)$119.16
Total monthly cost$19,474.14
Interest paid over 5-yr term$859,808.62
Balance at end of term$2,698,509.70

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$750,000
Stress test qualifying rate8.09%
Payment you must qualify for$23,068.95

Cash Needed at Closing

Minimum down payment$750,000
Estimated BC PTT$105,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$857,000

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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