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$110,000

205 611 Macmillan Dr

Kelsey Bay/Sayward, Sayward · MLS® 1050244

1 bath · 392 sq ft · 2 parking

Condo · Single Family · built 1979 · 17 days on market

Listed by Karen Brotherston, Royal LePage Advance Realty

TENANTED STUDIO: Tenanted at $900/mo, about 9.8% gross yield. A low-cost way to own income property on Vancouver Island. This bright 2nd-floor studio with balcony and mountain views is rented month-to-month. Keep the tenant and collect rent from day one, or the seller can arrange vacant possession. Updated throughout: new kitchen and bathroom flooring, stainless steel fridge, stove and exhaust system, new kitchen fixtures, new bathroom vanity, sink and Panasonic whisper fan, new LED lighting, new baseboard heaters and thermostat, and built-in shelving in the storage closet. Low strata fee of $162.68/mo., pet-friendly building, parking. Steps to village amenities: rec center, library, health clinic, legion, Sayward Elementary, playground, tennis court, restaurant/pub, food markets and local farms. Close to trails, the ocean and Kelsey Bay Marina, less than an hour to Campbell River. A smart buy for investors, first-time buyers, or anyone wanting a lock-and-leave getaway.

Type: Condo, Single Family
Bathrooms: 1
Living area: 392 sq ft
Parking: 2
Year built: 1979
Property tax: $1,174 / yr
Strata fee: $163 / mo
Days on market: 17
MLS®: 1050244

The asking price is a long way from the assessment. That usually means the home has changed since the July 1 valuation date (a renovation, a new build, a subdivision), so we don't rate this one.

2026 assessment: $78,200 · asking is +41%
Est. market value: $74,222condos on Vancouver Island sold at a median -5.1% vs assessment this past year (54 sales)

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.

Central location
Other
Marine Oriented
Family Oriented
Pets Allowed
Refrigerator

Found among the listing photos.

On market 17 days · no price changes so far

$740/mo

Mortgage $479 · Tax $98 · Strata $163

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

estimated payment

$479/ monthly

loan $88,000

25-year amortization

down payment20% · $22,00020%+ 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: $55,778
property transfer tax: $1,100; BC general rate
cash to close: $23,100; down + PTT
total paid: $143,778

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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