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$334,900

103-4477 MICHIGAN AVE

Powell River · MLS® 19909

2 bed · 2 bath · 1,088 sq ft · 1 parking

Condo · Single Family · built 1988 · 131 days on market

Listed by BILL BAILEY, 460 REALTY POWELL RIVER

Realtor's description

Easy-access first floor condo unit in a well-maintained building. With an ocean view from the deck and a comfortable two bedroom, two bath layout, this neatly kept condo is a great real estate investment. Enjoy a quiet welcoming atmosphere in this 55+ building with secure underground parking and storage locker. The kitchen, living and dining areas flow together providing convenient options for your living style and natural light from large glass slider out to the deck. The four-piece ensuite is a great feature providing convenience and privacy when guests come to visit. In popular condo complex in Powell River, this unit is a great option for maintaining your investment.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,088 sq ft
Parking: 1
Year built: 1988
Property tax: $3,511 / yr
Strata fee: $284 / mo ($0.26 / sq ft)
Strata rules: Adult Oriented, Seniors Oriented
Days on market: 131
MLS®: 19909

Buying in a building from 1982 to 2000: what to read first

Features

Central location
Wheelchair access
Adult Oriented
Seniors Oriented

Price check

Below typical for the area (-29%)

2026 assessment: $330,100 · asking is +1.5%
Price per sq ft: $308 vs $436 median for condos in Powell River for sale (30)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 131 days · no price changes so far

The market here

Listed now: 113 days; median for 30 condos for sale; this one 131 days

Condos in Powell River. Sale prices register 1 to 3 months after a sale closes.

Monthly cost

$2,036/mo

Mortgage $1,459 · Tax $293 · Strata $284

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$1,459/ monthly

loan $267,920

25-year amortization

down payment20% · $66,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 8, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $169,818
property transfer tax: $4,698; BC general rate
cash to close: $71,678; down + PTT
total paid: $437,738

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

If you rented it out

Rent: $1,182/mo
After all costs: −$983/mo
Cap rate: 1.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,459 · tax $293 · strata $284 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in Powell River (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

BC rules for landlords

Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
Rent increases are capped once a year at the province's set amount. gov.bc.ca
The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca