Property Type: Land / LotOwnership: Freehold

LOT B Illusion Lake Rd

Qualicum Beach, BC V9K2L7

$2,500,000

1 bed1 bath20 parking
Get Directions

Property Details

Property & Lot

Lot size
10.05 acres
Zoning
Industrial

CD53

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$0

Interior

Fireplace
None

Parking

Total spaces
20 — uncovered indicated
Features
Open

Room Dimensions

RoomLevelDimensions
BathroomMain level3-Piece
Living roomMain level9'0 x 9'5
KitchenMain level17'0 x 17'3
Living roomMain level9'0 x 9'5
BedroomMain level25'0 x 17'3

Listing Information

MLS®
1037896
Listed
June 22, 2026
Time on market
On the market for 70 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Island Living (QU) · Data source: CREA DDF.

Description

Approved for commercial use and storage, this versatile property includes a residence, commercial shop, drilled well, and a picturesque pond. Rare 10-acre opportunity offering a unique combination of residential living and commercial potential. Backing directly onto Spider Lake Provincial Park, the property enjoys exceptional privacy and access to endless outdoor recreation. Whether you're looking to operate a business, create a private estate, or invest in a property with future potential, this offering presents outstanding possibilities. (id:63159)

Location Insights

Weather

13°C

Humidity 89%

Wind SW calm km/h

Tonight

13°

Tuesday

19°

Tuesday night

14°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

9,303

(2021 Census)

+4% since 2016

Density: 517.4/km²

Dwellings: 4,763

Median household income: $76,500

After-tax: $69,000

Immigrant population: 20.4%

Top countries of origin (% of total population)

  • United Kingdom10.7% · 995
  • United States of America1.7% · 160
  • Germany1.1% · 105
  • Netherlands0.6% · 60
  • Philippines0.4% · 35
  • South Africa, Republic of0.3% · 30
  • India0.2% · 20
  • Jamaica0.2% · 15

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Arrowsmith Independent School(Independent)Elementary11.6 km
Bowser ElementaryElementary12.0 km
Qualicum Beach ElementaryElementary12.0 km
John Howitt ElementaryElementary14.0 km
des Grands-cedresElementary14.4 km
Kwalikum SecondarySecondary14.7 km
Wood ElementaryElementary15.3 km
Alberni District SecondarySecondary15.4 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: Qualicum (SD69)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

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

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,000,000.00
Periodic payment — Principal & Interest (monthly)$12,903.32
Additional monthly expenses (strata, tax, utilities, etc.)$0.00
Total monthly cost$12,903.32
Interest paid over 5-yr term$573,205.75
Balance at end of term$1,799,006.47

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$500,000
Stress test qualifying rate8.09%
Payment you must qualify for$15,379.30

Cash Needed at Closing

Minimum down payment$500,000
Estimated BC PTT$53,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$554,500

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.

Request more information