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$329,900

307-5700 WILLOW AVE

Powell River · MLS® 20202

2 bed · 1 bath · 921 sq ft

Condo · Single Family · built 1995 · 28 days on market

Listed by DUSTIN VILLENEUVE, 460 REALTY POWELL RIVER

Realtor's description

Ocean View Condo in Townsite - This well-maintained 2-bedroom, 1-bathroom condo is nestled on a quiet street in the historic Townsite neighbourhood. This bright corner unit boasts updated flooring, a new balcony, primary bedroom with spacious walk-in closet, bonus storage room, pantry, and convenient in-suite laundry. Ideally situated, it's just a short walk to the Townsite Market, local brewery, restaurants, the Patricia Theatre, tennis courts, beaches, and scenic trails. The unit is currently tenant-occupied paying $1,675 per month. Whether you're a first-time buyer, an investor, or looking for a low-maintenance home in a vibrant community, this is an opportunity you won't want to miss. Reach out today for more information!

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 1
Living area: 921 sq ft
Parking: 0
Year built: 1995
Property tax: $3,678 / yr
Days on market: 28
MLS®: 20202

Features

Central location

Price check

Below typical for the area (-18%)

Price per sq ft: $358 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 28 days

The market here

Listed now: 112 days; median for 30 condos for sale; this one 28 days

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

Monthly cost

$1,744/mo

Mortgage $1,437 · Tax $307

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

estimated payment

$1,437/ monthly

loan $263,920

25-year amortization

down payment20% · $65,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $167,283
property transfer tax: $4,598; BC general rate
cash to close: $70,578; down + PTT
total paid: $431,203

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: −$691/mo
Cap rate: 2.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,437 · tax $307 · 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