- Active
Lot 72 Harrison Way
Gabriola Island · Vacant Land
Listed by Royal LePage Nanaimo Realty Gabriola · MLS® 1039933
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Sign inAbout this home
High-bank waterfront opportunity on Gabriola Island with southwest exposure and views across the ocean toward the mountains of Vancouver Island. Spanning 0.84 acres, this property offers a natural setting with mature trees and arbutus-lined ridges that frame the outlook, creating privacy while showcasing an ever-changing marine view. A roughed-in driveway leads to a cleared area near the view ridge, offering a starting point for future plans, whether you envision a full-time residence or recreational retreat. Zoning permits a home plus up to 3 outbuildings. An older septic system is present; buyers are encouraged to verify condition and suitability for their intended use. Located on a quiet no-through road, high above the water and close to the ferry, village, and everyday amenities. Gabriola Island is known for its strong sense of community, arts culture, extensive trail network, and boating lifestyle, with two-vessel ferry service connecting to downtown Nanaimo.
Home facts
- Parking
- 2
- Property type
- Vacant Land
- Area
- Gabriola Island
- Listed
- June 15, 2026
- PID
- 003-101-495
- Common interest
- Freehold
Highlights
- Ocean view
- Mountain view
- Waterfront
Features and inclusions
- Parking
- Open
- Lot
- Southern exposure, 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
- $1,540
- Property tax
- $92/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $1,782
Purchase snapshot
- List price
- $325,000
- Down payment
- $65,000 (20%)
- Estimated mortgage
- $260,000
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
For investors
As a rental
- Estimated rent
- $756 a month
- Gross yield
- 2.8%
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 · 47%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
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