Property Type: Condo / ApartmentOwnership: Strata

SL10 Read Island

Read Island, BC V0P1W0

$599,900

3 bed2 bath4 parking2,400 sqftBuilt 2013
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Property Details

Property & Lot

Sub-type
House
Lot size
3.7 acres
Zoning
Residential

RU-1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$54/mo
Annual property tax
$1,546

Interior

Heating
Wood
Cooling / A/C
None
Fireplace
Yes (3)

Exterior & Lot

View
Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
4 — uncovered indicated
Features
Open

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
WorkshopOther8'10 x 12'2
StorageOther28'7 x 18'7
EnsuiteLower level3-Piece
BathroomMain level3-Piece
BedroomMain level12'4 x 11'2
Primary BedroomMain level14'5 x 11'2
KitchenMain level12'3 x 12'1
Dining roomMain level17'4 x 11'1
Living roomMain level17'4 x 16'4
StorageLower level14'3 x 13'0
BedroomLower level16'7 x 14'3
Laundry roomLower level8'7 x 6'5
Family roomLower level21'11 x 14'3
KitchenAdditional Accommodation12'11 x 10'1
EntranceLower level12'11 x 7'3

Listing Information

MLS®
1042954
Listed
July 10, 2026
Time on market
On the market for 52 days
Data last synced
August 28, 2026

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

Description

Read Island custom built home on 3.7 acre off-grid, highbank oceanfront property overlooking King Island Bay! This 2,400 sq ft two level home features a low maintenance design with metal roof & siding & aluminum deck on the upper floor. The lower level of the home offers a covered deck off the entry that opens to the canning kitchen with propane range & electric stove & stainless steel prep sink. There is a spacious family room with woodstove also on the lower level, with doors leading to the storage & workshop & large pantry. There is 1 bedroom with a 3pc ensuite also on this level. Upstairs you’ll find the inviting open floor plan living room, dining room and kitchen with vaulted ceilings, a woodstove and sliding door to the upper deck overlooking the ocean. The kitchen has a propane & electric oven & electric fridge and a good-sized pantry. Also on the upper floor there are 2 bedrooms and a 3pc bathroom, including the primary bedroom. The home boasts modern engineered flooring throughout, nice neutral paint & many windows. The sale includes most furnishings & off-grid equipment to run the power to the property including 15 solar panels, Pelton wheel turbine, inverter and battery bank, the sellers would also be willing to include their boat with newer motor with a fair sale price. Other features of this beautiful property include two wood storage sheds, established fenced garden with irrigation, hot house & greenhouse/potting shed. There are also 4 apple trees, 1 pear tree, 1 cherry tree & 1 plum tree, plus a variety of other established fruit/vegetable plants and ornamental plants. Much of this acreage is in natural state with a nice mix of mature trees. This property is situated in a bareland strata subdivision on the west side of Read Island, with a shared strata wharf and road system through the subdivision to easily access the property from the wharf, about a 10 minute private boat ride from Heriot Bay. Come enjoy peaceful off-grid island living! (id:63159)

Values & Trends

This listing

$250/sqft

Building average

No other active listings in this building

VIS5838 average

No comparable active listings

Parking: 4 stall(s) includedStorage 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: Campbell River

Shallow Fog

14°C

Shallow Fog

Humidity 100%

Wind NW 4 km/h

Tonight

13°

Tuesday

20°

Tuesday night

16°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Surge Narrows ElementaryK-127.3 km
Quadra ElementaryElementary14.8 km
Cortes Island SchoolElementary16.1 km
Ecole Phoenix MiddleElementary18.2 km
Ecole Des Deux Mondes ElementaryElementary18.8 km
Ripple Rock ElementaryElementary19.1 km
Carihi SecondaryElementary19.1 km
Secondaire CarihiSecondary19.1 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: Campbell River (SD72)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 5.8% ($34,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$479,920.00
Periodic payment — Principal & Interest (monthly)$3,096.28
Additional monthly expenses (strata, tax, utilities, etc.)$303.00
Total monthly cost$3,399.28
Interest paid over 5-yr term$137,546.45
Balance at end of term$431,689.59

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$34,990
Stress test qualifying rate8.09%
Payment you must qualify for$4,343.96

Cash Needed at Closing

Minimum down payment$34,990
Estimated BC PTT$9,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$46,488

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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