Pender Island · V0N2M2
$7,475/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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This spacious oceanfront home offers a flexible layout that is well suited for full-time living, extended family, guests, or potential B&B/income or home business use. With main-level living upstairs and a separate lower level with its own entrance, the setup offers plenty of options depending on your needs. The upper floor features an open living, dining, and kitchen area with vaulted ceilings, large windows, and panoramic east, south, and west-facing ocean views. The primary bedroom, ensuite, walk-in closet, office/flex space, and expansive oceanfront deck are all on the main level, allowing for comfortable everyday living on one floor. Downstairs, the walkout lower level functions almost like a separate guest space, with two bedrooms, a wet bar with fridge, full bathroom, half bath, flexible living area, and direct access to the oceanfront deck. Ideal for visiting family and friends, a home share/B&B setup, or simply giving everyone their own space. The home is filled with natural light and enjoys ever-changing coastal scenery with passing boats, whales, eagles, and sunsets. Recent upgrades include new decking, heat pumps, and new flooring. Additional features include a double garage, greenhouse/sunroom, fenced garden with fruit trees, garden shed, and rainwater catchment irrigation. Located on Magic Lake water and sewer with access to Thieves Bay Marina and Magic Lake amenities including tennis courts.
Buy / sell history for 37189 Schooner Way, Pender Island (Single Family)
3
Beds
2,969 ft²
Floor area
1998
Year built
Single Family
Type
Pender Island
Area
Listed
May 22, 2026
$1,490,000 is 44.4% above the Lower Mainland Composite HPI benchmark of $1,031,500 (2026-04-01).
Nearby & Commute
33 min
walk to Tru Value Foods
2h 20m
bike to nearest SkyTrain station
7h 47m
walk to nearest SkyTrain station
2h 22m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 59%
| Detached | 20 | 58.8% |
| Land | 14 | 41.2% |
| $5,000 to $9,999 | 5 | 1.5% |
| $15,000 to $19,999 | 5 | 1.5% |
| $20,000 to $24,999 | 25 | 7.5% |
| $25,000 to $29,999 | 15 | 4.5% |
| $30,000 to $34,999 | 15 | 4.5% |
| $35,000 to $39,999 | 20 | 6.0% |
| $40,000 to $44,999 | 20 | 6.0% |
| $45,000 to $49,999 | 20 | 6.0% |
| $50,000 to $59,999 | 40 | 11.9% |
| $60,000 to $69,999 | 30 | 9.0% |
| $70,000 to $79,999 | 30 | 9.0% |
| $80,000 to $89,999 | 20 | 6.0% |
| $90,000 to $99,999 | 15 | 4.5% |
| $100,000 to $124,999 | 30 | 9.0% |
| $125,000 to $149,999 | 10 | 3.0% |
| $150,000 to $199,999 | 25 | 7.5% |
| $200,000 and over | 10 | 3.0% |
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A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$7,475
Principal and interest
Calculated estimate
$6,892
Property tax
Calculated estimate
$433/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$1,490,000
Down payment
Calculated estimate
$298,000 (20%)
Estimated mortgage
Calculated estimate
$1,192,000
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Metro averages
Est. monthly total
$7,475
/mo
Rate
%
Amortization
Principal and interest
$6,892
Property tax (est.)
$433
P&I
Tax
Down payment
$298,000 (20%)
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Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $298,000 down (20%) on $1,490,000, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
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.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
