- Active
10298 South Drive
Port Alberni · Vacant Land
- Lot size
- 21,344 ft²
Listed by Loyal Homes Ltd. · MLS® 1050480
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Sign inAbout this home
Your 0.49 private acres are waiting at Sproat Lake - voted BC's Best Lake - with a partially cleared building lot ready for the home you've been picturing. This is where you start from scratch, and that's the whole appeal. A future build here can be angled to catch peek-a-boo views of the lake, and the groundwork is already done. 200 amp electrical service is already run to the property, so power is one item off your to-do list before you've even broken ground. A water easement for Sproat Lake is also in place, securing your access to the lake itself - a detail that matters as much as the electrical when you're building from the ground up. Sproat Lake is the reason people put down roots here and stay for decades. Stretching more than 25 kilometres, it delivers the rare combination of natural beauty, freshwater recreation, cultural significance, and genuine convenience - a place that feels iconic and livable in equal measure. Swimming, boating, and water sports are part of the everyday rhythm, not a once-a-year trip, and lake access sits nearby for whenever the water calls. Resorts, parks, boat launches, restaurants, hotels, and a marked gas station round out the area, so a lake-town setting never means giving up convenience. Whether you're planning a year-round residence or a retreat to return to each season, this lot hands you a head start on both. The location is set. The electrical is run. The water easement is secured. What comes next - the layout, the finishes, the life you build around it - is entirely up to you. Opportunities like this at Sproat Lake don't come around often. Reach out any time to arrange your private viewing.
Home facts
- Lot size
- 21,344 sq ft
- Parking
- 4
- Property type
- Vacant Land
- Area
- Sproat Lake
- Listed
- September 21, 2026
- PID
- 000-069-922
- Common interest
- Freehold
Rooms and building
- Water
- Zoning
- Residential
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $1,587
- Property tax
- $100/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $1,837
Purchase snapshot
- List price
- $334,900
- Down payment
- $66,980 (20%)
- Estimated mortgage
- $267,920
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $2,770
- At 8.2699 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
For investors
As a rental
- Estimated rent
- $700 a month
- Gross yield
- 2.5%
Estimated rent from Statistics Canada rents for this area, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs.
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Low risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Land · 46%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.