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$719,900

5255 Tebo Ave

Port Alberni · MLS® 1048421

3 bed · 2 bath · 1,395 sq ft · 4,400 sq ft lot · 3 parking

House · Single Family · built 2026 · 33 days on market

Listed by Clark Power, RE/MAX Mid-Island Realty

NEW Upper North Port Rancher, with a beautifully manicured, fully fenced yard. This well-built 3-bedroom, 2-bathroom rancher features an open-concept main living area with a vaulted coffered ceiling, an oversized hallway, & French doors leading to a covered patio, perfect for outdoor enjoyment. Ideal as a starter home or a perfect downsizing option, this home offers quality finishes and durable, low-maintenance construction. This home is a must see, with a great layout it feels bigger than you would think. Full HRV and Heat pump with central air for the hot summer days.

Type: House, Single Family
Bedrooms: 3
Bathrooms: 2
Living area: 1,395 sq ft
Lot: 4,400 sq ft
Parking: 3
Year built: 2026
Property tax: $1,580 / yr
Days on market: 33
MLS®: 1048421

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: $191,000 · asking is +277%
Est. market value: $193,597houses on Vancouver Island sold at a median +1.4% vs assessment this past year (75 sales)
Price per sq ft: $516 vs $332 median for houses in Port Alberni for sale (112)

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 33 days

$3,268/mo

Mortgage $3,137 · Tax $132

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

estimated payment

$3,137/ monthly

loan $575,920

25-year amortization

down payment20% · $143,98020%+ 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: $365,041
property transfer tax: $12,398; BC general rate
cash to close: $156,378; down + PTT
total paid: $940,961

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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