Property Type: Land / LotOwnership: Freehold

LT 24 Harrison Way

Gabriola Island, BC V0R1X2

$150,000

0 bed0 bath1 parking
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Property Details

Property & Lot

Lot size
18,295 square feet
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,179.64

Interior

Fireplace
None

Parking

Total spaces
1 — uncovered indicated
Features
Stall

Listing Information

MLS®
1034232
Listed
May 1, 2026
Time on market
On the market for 122 days
Data last synced
August 28, 2026

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

Description

This partially cleared .42 acre lot is located walking distance to beaches and the ferry. Southwest exposure provides a warm and sunny location to build your home and garden. Driveway is in, concrete tank is in place as a cistern. Rocky hillside at the back of the property is great for exploring. Zoning allows for a single family home and three accessory buildings along with a multitude of home based business options. This lot can be purchased as a package with 948 Harrison Way. This is one of the best priced lots available today. (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 ElementaryElementary1.7 km
Qwam Qwum Stuwixwulh Community SchoolElementary5.4 km
Bayview ElementaryElementary5.8 km
Pauline Haarer ElementaryElementary5.9 km
Cedar SecondarySecondary6.1 km
Fulford Community ElementaryElementary6.2 km
Park Avenue ElementaryElementary6.6 km
Chase River ElementaryElementary6.7 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% ($7,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$120,000.00
Periodic payment — Principal & Interest (monthly)$774.20
Additional monthly expenses (strata, tax, utilities, etc.)$98.30
Total monthly cost$872.50
Interest paid over 5-yr term$34,392.34
Balance at end of term$107,940.39

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$7,500
Stress test qualifying rate8.09%
Payment you must qualify for$1,095.78

Cash Needed at Closing

Minimum down payment$7,500
Estimated BC PTT$1,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$10,500

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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