Property Type: Land / LotOwnership: Freehold

PORTAGE COVE

Remote Areas, BC

$29,000,000

3 bed2 bath1,137 sqftBuilt 2008
Get Directions

Property Details

Property & Lot

Lot size
73 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$5,038

Interior

Heating
Wood, Other
Cooling / A/C
None
Fireplace
Yes (1)
Fireplace type
Wood, Conventional

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Room Dimensions

RoomLevelDimensions
Living roomMain level
Dining roomMain level
KitchenMain level
Primary BedroomMain level
3pc BathroomMain level
BedroomMain level
BedroomMain level
3pc BathroomMain level

Listing Information

MLS®
18512
Listed
November 23, 2024
Time on market
On the market for 646 days
Data last synced
August 28, 2026

Listing provided by: Engel & Volkers Whistler · Data source: CREA DDF.

Description

Once in a lifetime opportunity to own the most private piece of land in Desolation Sound. Portage Cove offers an exclusive 73 acre sanctuary within British Columbia's breathtaking Desolation Sound. This exceptional property delivers unmatched privacy and immersion in nature, surrounded by towering mountains, dense forests, and tranquil fjords. It features two private bays with clear, warm water ideal for boating, kayaking, and spotting abundant marine life, from seals to dolphins. The untouched landscape and expansive space provide endless exploration opportunities, with trails, old growth forests, and serene coves. Portage Cove is a rare retreat where wilderness meets waterfront luxury, an unparalleled haven in Desolation Sound's majestic seclusion. The property also contains two comfortable cabins with a gravity fed mountain spring water supply!! (id:63159)

Values & Trends

This listing

$25,506/sqft

Building average

No other active listings in this building

Remote Areas average

No comparable active listings

Parking: Not indicatedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Nearest station: Salmon Arm

13°C

Humidity 92%

Wind S 3 km/h

Tonight

10°

Tuesday

25°

Tuesday night

14°

Wednesday

23°

Wednesday night

12°

Thursday

20°

Source: Environment and Climate Change Canada.

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($5,800,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$23,200,000.00
Periodic payment — Principal & Interest (monthly)$149,678.53
Additional monthly expenses (strata, tax, utilities, etc.)$476.83
Total monthly cost$150,155.36
Interest paid over 5-yr term$6,649,186.69
Balance at end of term$20,868,475.04

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$5,800,000
Stress test qualifying rate8.09%
Payment you must qualify for$178,399.88

Cash Needed at Closing

Minimum down payment$5,800,000
Estimated BC PTT$1,368,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$7,169,500

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