- Active
1602 Joan Avenue
Crofton · Single Family
- Beds
- 2
- Baths
- 2
- Sqft
- 2,663
- Built
- 1973
Listed by Royal LePage Nanaimo Realty LD · MLS® 1049783
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Sign inAbout this home
An exceptional live/work opportunity in the heart of the seaside community of Crofton. This versatile property offers approximately 1,800 sq. ft. of commercial space, plus an 865 sq. ft. self-contained 2-bedroom suite, private yard, and storage shed.Solid concrete block construction and recent improvements provide a strong foundation for both business and residential use, including a new flat roof (2023), insulation in the storage room (2026), and new suite windows and hot water tank (2026). Zoned C-2, the property allows for a broad range of commercial uses, including retail, restaurant, office, and mixed-use applications, with potential for future expansion. The flexible layout and residential component create an attractive opportunity for an owner-operator, investor, or entrepreneur looking to establish a business while generating additional income from the residential suite. Ideally located just a short stroll from the Saltspring Island ferry, seawalk, and campground, this property offers excellent exposure to both the local community and visitors to the area. A unique opportunity to acquire a flexible, income-producing asset in a growing Vancouver Island community.
Home facts
- Bedrooms
- 2
- Bathrooms
- 2 full
- Interior
- 2,663 sq ft
- Lot size
- 5,000 sq ft
- Year built
- 1973
- Parking
- 2
- Property type
- Single Family
- Area
- Crofton
- Listed
- September 15, 2026
- Structure
- House
- PID
- 000-334-448
- Common interest
- Freehold
Highlights
- Private yard
- Storage locker
Features and inclusions
- Heating
- Heat Pump, Electric
- Cooling
- Window air conditioner, Wall unit
- Parking
- Street
- Lot
- Central location, Curb & gutter, Level lot, Other, Marine Oriented
Rooms and building
- Water
- Zoning
- Commercial
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
- $2,843
- Property tax
- $175/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $3,168
Purchase snapshot
- List price
- $599,900
- Down payment
- $119,980 (20%)
- Estimated mortgage
- $479,920
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
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
- Moderate 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
Detached · 57%
Who lives here
Documents
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