1087 Chappel Pl

Gabriola Island · MLS® 1044390

2 bed · 2 bath · 1,056 sq ft · 1 sq ft lot · 4 parking

House · Single Family · built 1981 · 61 days on market

Listed by Judith Briscoe, Royal LePage Nanaimo Realty Gabriola

Make island life a realty! Affordable 1056 sq ft home close to village, ferry and beaches easily accessed with circular driveway. .6 acre lot offers gardening opportunity and privacy. Outside deck is a perfect place to enjoy outside living celebrating nature! Measurements are approximate and should be verified if important.

Type: House, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,056 sq ft
Lot: 1 sq ft
Parking: 4
Year built: 1981
Property tax: $2,333 / yr
Days on market: 61
MLS®: 1044390

Below typical for the area (-13%)

2026 assessment: $524,000 · asking is -8.8%
Est. market value: $531,125houses on Vancouver Island sold at a median +1.4% vs assessment this past year (75 sales)
Price per sq ft: $453 vs $572 median for houses in Gabriola Island for sale (43)

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.

On market 61 days · no price changes so far

$2,277/mo

Mortgage $2,083 · Tax $194

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

estimated payment

$2,083/ monthly

loan $382,400

25-year amortization

down payment20% · $95,60020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 6, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $242,380
property transfer tax: $7,560; BC general rate
cash to close: $103,160; down + PTT
total paid: $624,780

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.

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