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$695,000

2724 Penrith Ave

Cumberland · MLS® 1046498

2 bed · 1 bath · 811 sq ft · 3,615 sq ft lot · 3 parking

House · Single Family · built 1901 · 55 days on market

Listed by Todd Woods, Engel & Volkers Vancouver Island North

A Historic Cumberland Gem | Est. 1901 Step into this beautifully updated 1901 miner's cottage, perfectly situated just one block from Cumberland’s vibrant Dunsmuir Avenue! Blending classic historic exterior charm with a fresh, bright, and modern interior, this rare find offers the ideal entry point into one of Vancouver Island’s most vibrant communities. Highlights: • Unbeatable Location: Walk or ride to world-class mountain bike trails, local breweries, bakeries, and shops. • Efficiency & Comfort: Features a new high-efficiency natural gas furnace and tankless hot water system to keep utility bills low. • Cozy Vibe: Relax by the classic wood stove on crisp winter days. • Outdoor Potential: Enclosed yard with a private outdoor shower—ideal post-trail—plus valuable laneway access with carriage home potential. Well-maintained historic homes with this location and possible future upside don't come up often. Experience the ultimate Cumberland lifestyle!

Type: House, Single Family
Bedrooms: 2
Bathrooms: 1
Living area: 811 sq ft
Lot: 3,615 sq ft
Parking: 3
Year built: 1901
Property tax: $4,011 / yr
Days on market: 55
MLS®: 1046498

Typical for the area (+4.7%)

2026 assessment: $655,000 · asking is +6.1%
Est. market value: $663,906houses on Vancouver Island sold at a median +1.4% vs assessment this past year (75 sales)
Price per sq ft: $857 vs $522 median for houses in Cumberland for sale (33)

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.

Found among the listing photos.

On market 55 days · no price changes so far

$3,362/mo

Mortgage $3,028 · Tax $334

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

estimated payment

$3,028/ monthly

loan $556,000

25-year amortization

down payment20% · $139,00020%+ 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: $352,415
property transfer tax: $11,900; BC general rate
cash to close: $150,900; down + PTT
total paid: $908,415

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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