- Active
362 Spruce Avenue
Gabriola Island · Single Family
- Beds
- 2
- Baths
- 2
- Sqft
- 1,500
- Built
- 2024
Listed by Royal LePage Nanaimo Realty Gabriola · MLS® 1015785
There is more to this listing. Create a free account to see the exact location, taxes, room sizes and price history.
Sign inAbout this home
Step through the edge-grain fir door into a Custom Designed 2-bed/2-bath Modern home where comfort meets low-maintenance living. Fully engineered and masonry-built, the home is designed for durability and efficiency with a metal roof, vaulted ceilings, insualted masonry with 16'' thick walls, striking wood beams, and in-floor heated concrete throughout. A heat pump maintains year-round comfort, while multiple patio doors extend the open living/dining/kitchen outdoors. A central, custom-built fireplace in the open style living area adds cozy ambience in the cooler months. The cook’s kitchen offers custom birch cabinetry, poured-concrete counters, a propane range, and a walk-in pantry for extra storage. The split-bedroom plan places the two bedrooms on opposite sides of the great room for privacy. The spacious primary suite has deck access, a walk-in closet, and a serene ensuite with a soaker tub and heated towel rack. The second bedroom enjoys its own covered deck—perfect for morning coffee or a quiet read. Thoughtful custom built-ins provide a nice aesthetic and additional storage. Water is supplied by a private well and treated with a filtration system. An additional ~450 sq. ft. detached garage awaits finishing—ideal for a workshop, studio, or gear storage. Sited for privacy with a classic West Coast setting, this is move-in-ready island living. Interested in the features of a Masonry Built home ? ask us to send you the list!
Home facts
- Bedrooms
- 2
- Bathrooms
- 2 full
- Interior
- 1,500 sq ft
- Lot size
- 18,021 sq ft
- Year built
- 2024
- Parking
- 2
- Property type
- Single Family
- Garage
- Yes
- Fireplace
- 1
- Area
- Gabriola Island
- Style
- Contemporary
- Listed
- October 6, 2025
- Structure
- House
- PID
- 003-305-449
- Common interest
- Freehold
Highlights
- Patio
- High ceilings
- Fireplace
Features and inclusions
- Appliances
- Washer, Refrigerator, Range - Gas, Dishwasher, Dryer
- Heating
- Heat Pump, Heat Recovery Ventilation (HRV), Electric, Wood, Other
- Cooling
- Air Conditioned
- Parking
- Garage
- Lot
- Central location, Private setting, Other
Rooms and building
- Water
- Zoning
- Unknown
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
- $4,166
- Property tax
- $258/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $4,575
Purchase snapshot
- List price
- $879,000
- Down payment
- $175,800 (20%)
- Estimated mortgage
- $703,200
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
For investors
As a rental
- Estimated rent
- $920 a month
- Gross yield
- 1.3%
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
Detached · 59%
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.