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$339,900

301-5701 WILLOW AVE

Powell River · MLS® 19916

2 bed · 1 bath · 1,004 sq ft

Condo · Single Family · built 1995 · 128 days on market

Listed by BILL BAILEY, 460 REALTY POWELL RIVER

Realtor's description

Affordable living in a well-maintained 2 bedroom/1 bath condo. Welcome to Oceanview Manor in Powell River's historic Townsite! Situated on the bus route and a short walk to the Townsite Market, restaurants and the theater, this neatly-kept unit is a great starter home or downsize. With its own entry deck you'll have a shady place to sit on hot afternoons as well as the option to sit out on the main deck to enjoy some ocean view beneath the beautiful cherry trees. The living dining area is quite spacious with an easy pass through to the kitchen. A bright principal bedroom boasts a walk-in closet and is immediately adjacent to the bathroom. Willow Avenue is a quiet street with easy access to all the amenities of the city only 10 minutes away. This unit is a great opportunity for buyers or investors! Call for a showing.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 1
Living area: 1,004 sq ft
Parking: 0
Year built: 1995
Property tax: $3,058 / yr
Strata fee: $336 / mo ($0.33 / sq ft)
Days on market: 128
MLS®: 19916

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

Features

Central location

Price check

Below typical for the area (-22%)

2026 assessment: $333,600 · asking is +1.9%
Price per sq ft: $339 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 128 days · no price changes so far

The market here

Listed now: 113 days; median for 30 condos for sale; this one 128 days

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

Monthly cost

$2,072/mo

Mortgage $1,481 · Tax $255 · Strata $336

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

estimated payment

$1,481/ monthly

loan $271,920

25-year amortization

down payment20% · $67,98020%+ 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: $172,354
property transfer tax: $4,798; BC general rate
cash to close: $72,778; down + PTT
total paid: $444,274

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: −$1,019/mo
Cap rate: 1.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,481 · tax $255 · strata $336 · 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