Property Type: Land / LotOwnership: Freehold

LOT J COTTON BAY ROAD

Gambier Island, BC V0N1V0

$399,000

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Property Details

Property & Lot

Lot size
7.35 acres
Frontage
0 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,207.36 (2026)

Interior

Fireplace
None

Exterior & Lot

View
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Listing Information

MLS®
R3130139
Listed
June 1, 2026
Time on market
On the market for 91 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: Royal LePage Elite West · Data source: CREA DDF.

Description

Welcome to the newly developed Cotton Bay subdivision on Gambier Island! Lot J is a 7.32-acre parcel boasting beautiful views of Thornbrough Channel and Cotton Bay. Immersed in lush trees and natural beauty, this private oasis features favorable zoning that permits two dwellings, making it ideal for a legacy estate or a multi-family retreat. BC Hydro power is already at the lot line, and a drilled well is on site. Enjoy excellent cell service and an easy walk to the New Brighton community center and dock. Access is a breeze with a 10-minute daily foot ferry to Langdale terminal, a direct water taxi to Horseshoe Bay, or your own boat. The opportunities are endless-call for a tour today! Price excludes GST. Gambier island is exempt from the foreign buyer ban and the EHT. (id:63159)

Location Insights

Weather

Nearest station: Gibsons

16°C

Humidity 83%

Wind NW 5 km/h

Tonight

13°

Tuesday

20°

Tuesday night

14°

Wednesday

17°

Wednesday night

12°

Thursday

17°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Lions Bay SchoolElementary11.2 km
Langdale ElementaryElementary12.5 km
Bowen Island Community SchoolElementary15.8 km
Island Pacific School(Independent)Middle15.8 km
Sunshine Coast Alternative SchoolK-1216.9 km
Elphinstone SecondarySecondary16.9 km
Gibsons ElementaryElementary17.0 km
Gleneagles ElementaryElementary18.2 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: Sunshine Coast (SD46)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$319,200.00
Periodic payment — Principal & Interest (monthly)$2,059.37
Additional monthly expenses (strata, tax, utilities, etc.)$100.61
Total monthly cost$2,159.98
Interest paid over 5-yr term$91,483.64
Balance at end of term$287,121.43

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,950
Stress test qualifying rate8.09%
Payment you must qualify for$2,914.76

Cash Needed at Closing

Minimum down payment$19,950
Estimated BC PTT$5,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,430

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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