Property Type: Land / LotOwnership: Freehold

LT 2 SEYMOUR ROAD

Gabriola Island, BC V0R1X6

$550,000

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Property Details

Property & Lot

Lot size
5.7 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,097.5 (2024)

Interior

Fireplace
None

Exterior & Lot

View
View

Listing Information

MLS®
R2980921
Listed
March 22, 2025
Time on market
On the market for 527 days
Tax assessment year
2024
Data last synced
August 28, 2026

Listing provided by: Saba Realty Ltd. · Data source: CREA DDF.

Description

A truly unique and picturesque acreage on Gabriola Island awaits! 5.7 acres ocean view property with stunning 180 degree southern view of the Southern Gulf Islands and Vancouver Island. Bring your ideas and build your dream home on this gorgeous and spacious property! Enjoy views, fresh air, private environment and West Coast Islands lifestyle in the best neighbourhood. Accessible by a 20 minute ferry ride from Nanaimo or a 15 minute float plane trip from YVR Airport's south terminal. The Island has all amenities; local elementary school, lumber yard, community centre, grocery store, medical clinic, fire hall, golf course, etc. Geotech and Archeological studies completed. (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 ElementaryElementary2.7 km
Qwam Qwum Stuwixwulh Community SchoolElementary4.2 km
Cedar SecondarySecondary4.6 km
Cedar ElementaryElementary6.3 km
Chase River ElementaryElementary6.9 km
Fulford Community ElementaryElementary7.1 km
Bayview ElementaryElementary7.5 km
Park Avenue ElementaryElementary7.9 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: 5.5% ($30,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$440,000.00
Periodic payment — Principal & Interest (monthly)$2,838.73
Additional monthly expenses (strata, tax, utilities, etc.)$174.79
Total monthly cost$3,013.52
Interest paid over 5-yr term$126,105.26
Balance at end of term$395,781.42

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$30,000
Stress test qualifying rate8.09%
Payment you must qualify for$3,998.62

Cash Needed at Closing

Minimum down payment$30,000
Estimated BC PTT$9,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$40,500

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.

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