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$29,900,000

692 GOWER POINT ROAD

Gibsons · MLS® R3172932

46 sq ft lot

Land · Vacant Land · 3 days on market

Listed by Les Twarog, RE/MAX Crest Realty

Realtor's description

GOSPEL ROCK DEVELOPMENT SITE - 692 Gower Point Rd, Gibsons. Exceptional 46-acre development opportunity within the 148-acre Gospel Rock OCP, designated Medium Density. "Touchstone at Gospel Rock" is currently zoned/approved for 430 units, including an 80-room hotel/commercial component, 55 single-family lots, 150 condos & 150 townhomes. Lower Gibsons water access from Gower Point Rd; rear access from Mahon east on Chester. All preliminary work completed; project is shovel-ready subject to Buyer paying $12M for DP. Proforma projects potential end sales of $370M. See Realtor feature sheet for access maps, community info & aerial drone video. Also listed on Paragon Commercial MLS#C8082625. Seller also has 3 smaller parcels outside this development in Gospal Rock, please inquire for more details. 3D Tour: https://www.insight-photography.net/vt/sc_gr/index.html

Property details

Type: Land, Vacant Land
Lot: 46 sq ft
Parking: 0
Property tax: $47,414 / yr
Days on market: 3
MLS®: R3172932

Property insights

On market 3 days

The market here

Listed now: 129 days; median for 39 homes for sale; this one 3 days

Homes in Gibsons. Sale prices register 1 to 3 months after a sale closes.

Monthly cost

$134,223/mo

Mortgage $130,271 · Tax $3,951

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

estimated payment

$130,271/ monthly

loan $23,920,000

25-year amortization

down payment20% · $5,980,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $15,161,430
property transfer tax: $1,413,000; BC general rate
cash to close: $7,393,000; down + PTT
total paid: $39,081,430

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.