Property Type: Condo / ApartmentOwnership: Strata

SL5 Echo Bay

See Remarks, BC V0P1S0

$775,000

3 bed2 bath3,122 sqftBuilt 1995
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Property Details

Property & Lot

Sub-type
House
Lot size
17.87 acres
Zoning
Rural residential

A-1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$0/mo
Annual property tax
$2,401

Interior

Heating
Baseboard heaters, Wood, Hot Water
Cooling / A/C
None
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Parking

Features
None

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
OtherAdditional Accommodation
Utility roomLower level
WorkshopLower level
StudioLower level
BathroomSecond level
BedroomSecond level
BedroomSecond level
BathroomMain level
KitchenMain level
Living roomMain level
Recreation roomMain level
Primary BedroomMain level

Listing Information

MLS®
1000493
Listed
May 21, 2025
Time on market
On the market for 467 days
Data last synced
August 28, 2026

Listing provided by: REMAX Ocean Pacific (CR) · Data source: CREA DDF.

Description

Dreaming of a life closer to nature; in a house by the sea where you can live, breathe and drink in the pristine beauty of BC’s coastal wilderness? This oceanside, owner-built, off-grid acreage home on Gilford Island, designed for comfortable year-round living overlooks Cramer Pass, a view of islands, Mt. Stevens, and passing whales. Explore the inlets and beaches of the Broughton Archipelago, feast on fresh caught crab or prawns; fish for salmon, cod or halibut for dinner. You’ll often spot an orca pod or humpback breaching. After a trip in your boat to Port McNeill for groceries, you’ll moor at the roomy dock, then walk up the sturdy aluminum ramp to shore. Locally milled lumber and thoughtful design are evident throughout the two and a half story home. Three ground floor entrances open into painting and pottery studios, and stairs to the main floor. An open concept kitchen/dining/living room, recreation room with pool table, and primary bedroom, each access the spacious deck above the foreshore and dock. An arched window by the tub in the bathroom allows you to stargaze while bathing and upstairs there are two more bedrooms and a second bathroom. Fully integrated new 18KW generator, solar panels and battery bank provide year-round electricity. This home has wood and propane hot-water baseboard heating, and hot water on demand. The main source of water is gravity fed from a nearby creek on the property. The gardens support a mix of specimen and indigenous trees, shrubs and flowers and lily pond, home to indigenous red-legged frogs. Garden beds are dedicated to flowers, berry bushes and vegetables to grow the fresh produce to accompany your seafood feasts. Additional structures outside the house are two pottery kilns, generator and woodshed. Don’t hesitate to reach out for more information about this golden opportunity and plan a visit to experience this turnkey opportunity firsthand. (id:63159)

Values & Trends

This listing

$248/sqft

Building average

No other active listings in this building

Small Islands (North Island Area) 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: 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

No schools found within a reasonable distance of this property.

Nearby Transit

No TransLink stops within an ~10-minute walk.

School district: Vancouver Island North (SD85)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 6.8% ($52,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$620,000.00
Periodic payment — Principal & Interest (monthly)$4,000.03
Additional monthly expenses (strata, tax, utilities, etc.)$356.08
Total monthly cost$4,356.11
Interest paid over 5-yr term$177,693.78
Balance at end of term$557,692.01

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$52,500
Stress test qualifying rate8.09%
Payment you must qualify for$5,555.77

Cash Needed at Closing

Minimum down payment$52,500
Estimated BC PTT$13,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$67,500

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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