- Active
7191 Island Highway
Fanny Bay · Single Family
- Beds
- 3
- Baths
- 3
- Sqft
- 2,048
- Built
- 1974
Listed by REMAX Ocean Pacific (Crtny) · MLS® 1033055
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Sign inAbout this home
IMPROVED PRICE! Welcome to a rare opportunity in the charming seaside community of Fanny Bay. Situated on nearly one acre, this ocean-view property offers incredible potential for those looking to create their dream home in a truly special setting. This 3,200 sq ft residence spans three levels and features 3 bedrooms and 3 bathrooms, Open Living and Dining room concept and both family and rec rooms providing ample space for the whole family and guests. The home retains its original character throughout, offering a blank canvas for buyers with vision to restore, renovate, or reimagine the space to suit their needs. Large windows capture views of the ocean and bring in natural light, while the functional layout lends itself well to both everyday living and future customization. The lower level includes an 1,100 sq ft unfinished walkout basement, presenting excellent suite potential or additional living space for extended family. With separate access already in place, the groundwork is there for those looking to add value. Outside, the nearly one-acre lot is private and generously sized and ready for revitalization. With some attention and landscaping, this property could be transformed into a stunning coastal retreat, with room for gardens, outdoor living, or even additional improvements. Located in a peaceful, rural setting between Buckley Bay and Fanny Bay, you’ll enjoy the tranquility of island living while still being within a short drive to amenities. A unique opportunity to secure your large ocean-view property with solid bones and endless upside in one of Vancouver Island’s most picturesque coastal communities.
Home facts
- Bedrooms
- 3
- Bathrooms
- 3 full
- Interior
- 2,048 sq ft
- Year built
- 1974
- Parking
- 6
- Property type
- Single Family
- Carport
- Yes
- Fireplace
- 1
- Area
- Union Bay/Fanny Bay
- Style
- Tudor
- Listed
- April 22, 2026
- Structure
- House
- PID
- 001-373-404
- Common interest
- Freehold
Highlights
- Ocean view
Features and inclusions
- Appliances
- Washer, Refrigerator, Range - Electric, Dishwasher, Dryer
- Heating
- Forced air, Electric
- Cooling
- None
- Parking
- Carport, Open
- Lot
- Acreage, Wooded area, Other
Rooms and building
- Water
- Zoning
- Unknown
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
- $3,304
- Property tax
- $200/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $3,654
Purchase snapshot
- List price
- $697,000
- Down payment
- $139,400 (20%)
- Estimated mortgage
- $557,600
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 · 73%
Who lives here
Documents
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