- Active
8331 Island Highway
Fanny Bay · Single Family
- Beds
- 3
- Baths
- 2
- Sqft
- 1,171
- Built
- 1930
Listed by REMAX Professionals (NA) · MLS® 1048393
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Sign inAbout this home
Welcome to this classic Fanny Bay rancher, ideally situated on a spacious 1-acre lot and offering an excellent opportunity to enjoy the peace and space of country living. This well-laid-out 1,176 sq. ft. home features 3 bedrooms, 2 bathrooms, and a bright, open-concept floor plan designed for comfortable everyday living. Beautiful edge-grain fir flooring runs throughout the home, adding warmth and character throughout. A newly installed mini-split system provides efficient heating and cooling throughout the seasons, adding year-round comfort and energy efficiency. Step outside and enjoy the expansive 24' x 11' covered deck—perfect for relaxing, entertaining, or simply enjoying the peaceful rural surroundings. The property also features a newer septic system. Zoned Country Residential (CR-1), the generous 1-acre lot offers plenty of room for future possibilities, with potential for a carriage house, secondary suite, or small secondary dwelling, subject to applicable approvals. Enjoy the best of both worlds with peaceful rural living while being close to the ocean, scenic walking routes, and the natural beauty that makes Fanny Bay so special. An attractive opportunity and excellent price point for a small acreage in today's market—this is a wonderful chance to embrace a relaxed rural lifestyle with room to grow and make the property your own! Measurements are approximate and data should be verified if important.
Home facts
- Bedrooms
- 3
- Bathrooms
- 2 full
- Interior
- 1,171 sq ft
- Year built
- 1930
- Parking
- 6
- Property type
- Single Family
- Area
- Union Bay/Fanny Bay
- Listed
- September 1, 2026
- Structure
- House
- PID
- 008-102-856
- Common interest
- Freehold
Features and inclusions
- Heating
- Heat Pump, Baseboard heaters, Electric
- Cooling
- Air Conditioned
- Parking
- Open, RV, Additional Parking
- Lot
- Acreage, Level lot, Southern exposure, Irregular lot size, Other
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
- $3,266
- Property tax
- $200/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $3,616
Purchase snapshot
- List price
- $689,000
- Down payment
- $137,800 (20%)
- Estimated mortgage
- $551,200
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
For investors
As a rental
- Estimated rent
- $1,888 a month
- Gross yield
- 3.3%
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 · 75%
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.