Property Type: Land / LotOwnership: Freehold

Lt 5 Spruce Ave

Gabriola Island, BC V0R1X2

$635,000

0 bed0 bath6 parking
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Property Details

Property & Lot

Lot size
7.2 acres
Zoning
Residential

RR2

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Strata / maintenance fee
$0/mo
Annual property tax
$2,746

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, Ocean view

Parking

Total spaces
6 — uncovered indicated
Features
Open

Listing Information

MLS®
1026806
Listed
February 24, 2026
Time on market
On the market for 188 days
Data last synced
August 28, 2026

Listing provided by: Real Broker · Data source: CREA DDF.

Description

Find Your Tranquility. Tucked away from the perpetual rush of the urban world lies Lot 5 Spruce - The Throne, a private and tranquil haven nestled on Gabriola Island. The perfect blend of wilderness and sophistication, Sitka View is an exclusive neighbourhood offering an incredible array of large acred parcels and ocean view lots for sale. Calm yet connected, discover a serene oasis in the heart of Canada’s rugged West Coast. Sitka View is located on the north end of Gabriola Island, one of British Columbia’s most charming Gulf Islands communities. While offering all the benefits of a remote escape, Gabriola is just a 20-minute ferry trip to Nanaimo Harbour and serviced by 15-minute seaplane flights to Vancouver International Airport. Known as the Isle of the Arts, Gabriola is home to a diverse community of artists, makers and innovators. GST Applicable. Price includes drilled Well. Verify all data and measurements if deemed important. (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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

7

1/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Gabriola ElementaryElementary610 m
Qwam Qwum Stuwixwulh Community SchoolElementary6.9 km
Cedar SecondarySecondary7.5 km
Pauline Haarer ElementaryElementary8.0 km
Bayview ElementaryElementary8.1 km
Fulford Community ElementaryElementary8.5 km
Brechin ElementaryElementary8.8 km
Chase River ElementaryElementary8.8 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.

Nearby Places

Parks (2)

  • Cox Community Park478 m
  • Paisley Place Community Park · 555 Paisley Place555 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 6.1% ($38,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$508,000.00
Periodic payment — Principal & Interest (monthly)$3,277.44
Additional monthly expenses (strata, tax, utilities, etc.)$228.83
Total monthly cost$3,506.28
Interest paid over 5-yr term$145,594.26
Balance at end of term$456,947.64

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$38,500
Stress test qualifying rate8.09%
Payment you must qualify for$4,586.88

Cash Needed at Closing

Minimum down payment$38,500
Estimated BC PTT$10,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$50,700

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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