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$745,000

7390 Cougar Smith Rd

Union Bay/Fanny Bay, Fanny Bay · MLS® 1040850

6 bed · 2 bath · 2,208 sq ft · 6 sq ft lot · 20 parking

House · Single Family · 109 days on market

Listed by Kathleen Larson, Royal LePage-Comox Valley (CV)

5.6 Acres with two homes and detached garage. Access to property off Artella Road. This property is NOT located in the Komoks First Nation boundary. Rancher with sundeck/patio 1108 square feet. Two level 1152 square feet finished upstairs, with full unfinished basement for a total of 2304 square feet. Zoned CR-1. Well construction report available upon request. Priced below 2026 assessed value of $1,277,000.00. ''AS IS WHERE IS''. Quiet road in Fanny Bay, private setting.

Type: House, Single Family
Bedrooms: 6
Bathrooms: 2
Living area: 2,208 sq ft
Lot: 6 sq ft
Parking: 20
Property tax: $5,432 / yr
Days on market: 109
MLS®: 1040850

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: $1,277,000 · asking is -42%
Est. market value: $1,294,363houses on Vancouver Island sold at a median +1.4% vs assessment this past year (75 sales)
Price per sq ft: $337 vs $485 median for houses in Union Bay/Fanny Bay for sale (23)

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 109 days · no price changes so far

$3,699/mo

Mortgage $3,246 · Tax $453

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

estimated payment

$3,246/ monthly

loan $596,000

25-year amortization

down payment20% · $149,00020%+ 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: $377,768
property transfer tax: $12,900; BC general rate
cash to close: $161,900; down + PTT
total paid: $973,768

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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