- Active
506 Panorama Place
Parksville · Single Family
- Beds
- 3
- Baths
- 4
- Sqft
- 3,824
- Built
- 1991
Listed by Macdonald Commercial Real Estate Services Ltd. · MLS® 1039578
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PRIVATE WATERFRONT home with show stopping unobstructed ocean, coastal mountain & Parksville beach views on a beautifully landscaped private 30012sqft with double garage, RV parking & private beach access. The City of Parksville have indicated that a FULL second home, carriage house or detached workshop can be built. The exquisite custom design 2x6 constructed home captures unobstructed views from ALMOST EVERY WINDOW on all 3 levels. From the moment you enter the circular driveway, you are greeted with privacy, beautifully landscaped gardens, soaring eagles, a well maintained picturesque home with double french doors, RV parking, serenity & attached 25x25 double garage. The home welcomes you with beauty and elegance to a bright airy grand main level double door entrance to a formal living room with gas fireplace, formal dining room with vaulted ceilings picture windows and french doors onto the patio, expansive kitchen, with centre island, eating nook, family room with gas fireplace, vaulted ceilings, floor to ceiling picture windows, double french doors onto the exterior patio, 2 main level bedrooms with ensuite, large laundry room, a magnificent 1276sqft deck & grand curved stairway. The upper level offers a massive skylight and vaulted ceilings above the stairwell, 2nd living room/office, kitchenette, exquisite open plan master bedroom, vaulted ceilings, floor to ceiling picture windows, huge ensuite with jetted tub capturing uninhibited views. An art studio/office & 6'6 unfinished basement is on the lower level accessed from the side of the house that can be easily connected to the interior. The grounds are exceptionally landscaped with beautiful feature gardens, flowering shrubs and a sitting area with fire pit across the expansive lawn to enjoy the ocean views and visiting eagles. There is a private beach trail down the bank that would benefit from a creative stair system to the beach front. Public access with parking and stairs is one street away.
Home facts
- Bedrooms
- 3
- Bathrooms
- 4 full
- Interior
- 3,824 sq ft
- Year built
- 1991
- Parking
- 10
- Property type
- Single Family
- Garage
- Yes
- Fireplaces
- 2
- Area
- Parksville
- Style
- Other
- Listed
- June 5, 2026
- Structure
- House
- PID
- 005-299-349
- Common interest
- Freehold
Highlights
- Ocean view
- Mountain view
- Waterfront
- Patio
- Double garage
- High ceilings
Features and inclusions
- Appliances
- Washer, Refrigerator, Range - Gas, Range - Electric, Dishwasher, Range, Dryer, Microwave, Freezer, Oven - Built-In, See remarks, Jetted Tub
- Heating
- Heat Pump, Forced air, Natural gas, Geo Thermal
- Cooling
- Fully air conditioned, Air Conditioned
- Parking
- Attached Garage, Garage, RV, Visitor Parking, Additional Parking
- Lot
- Central location, Cul-de-sac, Curb & gutter, Level lot, Park setting, Private setting, Southern exposure, Irregular lot size, See remarks, Partially cleared, Other, Rectangular, Marine Oriented
Rooms and building
- Water
- Zoning
- 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
- $10,664
- Property tax
- $658/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $11,473
Purchase snapshot
- List price
- $2,250,000
- Down payment
- $450,000 (20%)
- Estimated mortgage
- $1,800,000
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
- $14,103
- 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
- $2,242 a month
- Gross yield
- 1.2%
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 · 55%
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.