875276 429000 /en/house~for-sale~alert-bay/875276?view=Summary /en/house~for-sale~alert-bay/875276/photos 50.5764300000 -126.9100400000 true
Gross Property Tax
No Through Road, Quiet Area, Rural Setting, Walk on Waterfront
Very private ocean front property on Cormorant Island with huge potential for a retreat or income property. There is a major demand for rentals- this property has potential for 4 besides the main home. Renovated (2010), cozy open concept beach house (600 sqft). The house next to it has charm galore (700 sqft) with original fir plank flooring and a loft. A third home (330 sqft) offers two rooms with 3 piece bath. The fourth building (720 sqft) is great for a workshop with storage in the loft but could be converted back to a liveable cottage. 3 wood storage areas. A fifth building included with the footprint of 900 sqft. Two lots have been combined into .34 of an acre. The seawall was built in 2005 with some recent reinforcement to protect the 350 feet of waterfront this property offers. Foreshore lease is in the process of being renewed. Bring your renovation/expansion/development ideas when you come to view this property. Three cottages currently tenanted.MLS® Number 875276
Calculate mortgage payments
Estimated property transfer tax
Calculate borrowing capacity
- The amounts shown above are for information purposes only and do not include taxes, if applicable.
- You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
- This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
- There are additional costs to buying a home. Speak with your REALTOR® for more information.
1 1 1