- Active
Lot 2 Wild Cherry Terrace
Gabriola Island · Vacant Land
Listed by Royal LePage Nanaimo Realty Gabriola · MLS® 1040612
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Sign inAbout this home
Tucked away on a quiet no-through road, this 0.5-acre lot offers the perfect start for your future Gabriola Island home. With ocean glimpses, a private setting, and a south-facing backyard, the property provides a great setting for a full-time residence, vacation getaway, or island retreat. An older septic system is in place, and hydro is available at the lot line, giving a helpful starting point as you explore your building plans. Zoning allows for a single family residence and 3 outbuildings. Gabriola is one of the most accessible Southern Gulf Islands, located just a short ferry ride from Nanaimo, while still offering the relaxed pace and natural beauty of island living. Known for its vibrant arts community and endless outdoor opportunities, Gabriola offers a lifestyle that blends creativity, community, and connection to nature. This property is an inviting opportunity to create your own place on the island. Buyer to verify any information that deem important.
Home facts
- Property type
- Vacant Land
- Area
- Gabriola Island
- Listed
- June 18, 2026
- PID
- 003-151-841
- Common interest
- Freehold
Highlights
- Private yard
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
- $1,180
- Property tax
- $75/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $1,405
Purchase snapshot
- List price
- $249,000
- Down payment
- $49,800 (20%)
- Estimated mortgage
- $199,200
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
- $560 a month
- Gross yield
- 2.7%
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 · 53%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
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