- Active
481 Olmstead Road
Cortes Island · Single Family
- Beds
- 3
- Baths
- 2
- Sqft
- 1,976
- Built
- 1994
Listed by eXp Realty (NA) · MLS® 1032386
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Sign inAbout this home
Discover the perfect opportunity to create your dream flower farm, market garden, hobby farm, or self-sufficient homestead on this beautiful 14.43-acre Cortes Island property. Rich, productive soil, a 45' x 20' greenhouse, abundant growing space, over 50 mature blueberry bushes, raspberries, fruit trees, gardens, resident honeybees in a productive apiary, and plenty of sunny land provide an exceptional foundation for small-scale farming or sustainable living. The thoughtfully updated 1,976 sq. ft. home offers exposed beams, hardwood floors, a stone fireplace, renovated bathrooms, an expanded kitchen, heat pump, and new deck overlooking the gardens. A large workshop with attached studio and separate cabin offer flexible space for equipment, a farm business, guests, or creative pursuits. A rare opportunity to live, grow, and thrive in one remarkable property.
Home facts
- Bedrooms
- 3
- Bathrooms
- 2 full
- Interior
- 1,976 sq ft
- Year built
- 1994
- Parking
- 4
- Property type
- Single Family
- Fireplace
- 1
- Area
- Cortes Island
- Listed
- April 22, 2026
- Structure
- House
- PID
- 018-598-421
- Common interest
- Freehold
Highlights
- Fireplace
Features and inclusions
- Appliances
- Washer, Refrigerator, Dishwasher, Stove, Dryer
- Heating
- Heat Pump, Baseboard heaters, Wood
- Cooling
- Air Conditioned
- Parking
- Additional Parking
- Lot
- Acreage, Private setting, Southern exposure, Other
Rooms and building
- Water
- Zoning
- Rural 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
- $6,081
- Property tax
- $375/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $6,606
Purchase snapshot
- List price
- $1,283,000
- Down payment
- $256,600 (20%)
- Estimated mortgage
- $1,026,400
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
- 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 · 83%
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.
