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$850,000

762 RIDGE ROAD

Galiano Island · MLS® R2813828

160 sq ft · 9 sq ft lot · 10 parking

House · Single Family · built 1990 · 1,118 days on market

Listed by Pilar Osing, Hugh & McKinnon Realty Ltd.

Private Waterfront lot on Parker Island. This 8.5-acre waterfront acreage offers 455ft. of low-bank shoreline, ideal for your island escape. Just minutes by boat from Montague Harbour, the property features a rustic 12' x 16' cabin with 200-amp service. Enjoy the essentials of island living with a drilled well, a private outhouse, an outdoor hot water shower, bunk beds in a cozy 10' x 10' pump house, and a soft hot tub. There is a waterfront sundeck, and a offshore buoy is possible. With zoning that allows for a future home and cottage, and convenient access to a community dock, barge landing, water, electricity, and a driveway already in place this is a great opportunity to build your dream property.

Type: House, Single Family
Living area: 160 sq ft
Lot: 9 sq ft
Parking: 10
Year built: 1990
Property tax: $1,647 / yr
Days on market: 1,118
MLS®: R2813828

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: $568,100 · asking is +50%
Est. market value: $575,824houses on Vancouver Island sold at a median +1.4% vs assessment this past year (75 sales)

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.

Private setting
Rural Setting
Refrigerator

On market 1,118 days · no price changes so far

$3,841/mo

Mortgage $3,703 · Tax $137

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

estimated payment

$3,703/ monthly

loan $680,000

25-year amortization

down payment20% · $170,00020%+ 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: $431,011
property transfer tax: $15,000; BC general rate
cash to close: $185,000; down + PTT
total paid: $1,111,011

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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