- Active
#703 – 261 Mills Street
Parksville · Single Family
- Beds
- 2
- Baths
- 2
- Sqft
- 857
- Built
- 2004
Listed by RE/MAX Anchor Realty (QU) · MLS® 1048752
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Sign inAbout this home
Adorable 2 bed 2 bath south facing patio home in the sought after Madison Court 55+ community. This bright and well designed one-level residence offers open concept with vaulted ceilings, large south windows, and cheery natural light. Perfect for aging in place with step-free living and flexible access. Enter through your south-facing patio or via the secured main entrance. Weekly light housekeeping & your linens laundered incl in maint fee. Updated hot water tank, flooring, & window coverings. Residents enjoy a shared community lounge with gas fireplace, space for puzzles or games, and a community garden. Well-maintained, non-smoking complex. One small dog or cat permitted (see bylaws). A rare opportunity for low-maintenance living that balances independence, and optional community connection.
Home facts
- Bedrooms
- 2
- Bathrooms
- 2 full
- Interior
- 857 sq ft
- Year built
- 2004
- Property type
- Single Family
- Area
- Parksville
- Style
- Other
- Listed
- September 4, 2026
- Structure
- Row / Townhouse
- PID
- 025-872-851
- Common interest
- Condo/Strata
Highlights
- Patio
- High ceilings
- Fireplace
Features and inclusions
- Appliances
- Refrigerator, Range - Electric
- Heating
- Baseboard heaters, Electric
- Cooling
- None
- Parking
- Open
- Lot
- Central location, Southern exposure, Other
- Community
- Pets Allowed With Restrictions, Age Restrictions
Rooms and building
- Water
- Zoning
- Other
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
- $1,896
- Property tax
- $117/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $2,163
Purchase snapshot
- List price
- $400,000
- Down payment
- $80,000 (20%)
- Estimated mortgage
- $320,000
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
- $2,507
- 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
- $1,360 a month
- Gross yield
- 4.1%
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 · 33%
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.
