- Active
#405 – 220 Island Highway
Parksville · Single Family
- Beds
- 2
- Baths
- 2
- Sqft
- 1,394
- Built
- 1993
Listed by Royal LePage Island Living (PK) · MLS® 1049971
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Sign inAbout this home
Set on the top floor of Waterford Place, this spacious 2 bed condo puts you right in the heart of Parksville, with the beach, boardwalk, shopping and dining just steps away. The bright southwest-facing layout feels more like a home than a typical condo, with 9-ft ceilings, generous living spaces and a natural gas fireplace adding warmth and character. The bright, updated kitchen features new flooring, counters, backsplash and sink, along with a redesigned peninsula adding extra function and convenience. Fresh paint and new light fixtures carry throughout the main living areas, while the oversized primary bedroom includes a large closet and private ensuite. The covered deck extends the living space outdoors, complete with peekaboo mountain views. With no age restrictions and rentals permitted, underground parking, storage locker & elevator access, this is comfortable, convenient living in a location that makes it easy to leave the car at home and enjoy all that Parksville has to offer.
Home facts
- Bedrooms
- 2
- Bathrooms
- 2 full
- Interior
- 1,394 sq ft
- Year built
- 1993
- Parking
- 1
- Property type
- Single Family
- Fireplace
- 1
- Area
- Parksville
- Listed
- October 3, 2026
- Structure
- Apartment
- PID
- 018-234-020
- Common interest
- Condo/Strata
Highlights
- Mountain view
- Underground parking
- Storage locker
- Fireplace
Features and inclusions
- Heating
- Baseboard heaters, Electric
- Cooling
- None
- Parking
- Underground
- Lot
- Park setting, Southern exposure, Other, Marine Oriented
- Community
- Family Oriented, Pets Allowed With Restrictions
Rooms and building
- Water
- Zoning
- Multi-Family
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
- $2,465
- Property tax
- $150/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $2,765
Purchase snapshot
- List price
- $520,000
- Down payment
- $104,000 (20%)
- Estimated mortgage
- $416,000
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
- $3,259
- At 6.2679 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
- $1,210 a month
- Gross yield
- 2.8%
- Strata rental rules
- Allowed with restrictions
- From the listing remarks
"With no age restrictions and rentals permitted, underground parking, storage locker & elevator access, this is comfortable, convenient living in a location that makes it easy to leave the car at home and enjoy all that Parksville has to offer."
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. Confirm the bylaws in the strata documents before you buy.
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 · 47%
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.
