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Legal suite

$2,400,000

1545 Dorcas Point Rd

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Beds

Baths

Sqft

—

Year

1990

Type

Single Family

Suite

Legal suite

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Nanoose Bay. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Set on a stunning 1.39-acre low bank waterfront lot with desirable southern exposure, this rare and peaceful property offers an exceptional opportunity to experience West Coast living at its finest. Surrounded by mature gardens and a tranquil pond, the fully fenced property feels private, natural, and truly serene. Take in spectacular sunsets and watch dolphins, whales, passing boats, and abundant sea life from nearly every room—an ever-changing coastal backdrop that makes each day feel special. The 4 bedroom, 4-bathroom home with a legal suite is perfectly positioned to capture the beauty of the shoreline while offering comfortable space for family and guests alike. Tucked away in a quiet, picturesque location, this is a unique chance to own a remarkable waterfront retreat where nature, privacy, and breathtaking views come together in one special offering. Data and measurements are approximate and must be verified if important. (id:65958)

Subtype: Single Family
Structure: House
Community: Nanoose
Common interest: Freehold
Living area: 2,898 square feet
Lot size: 1.39 acres
Lot dimensions: 1.39
Parking: 6 total
Fireplace: 1
On market: Apr 20, 2026
Status changed: Apr 20, 2026
Annual tax: $11,396.17
Zoning: Residential
Photos: 76
MLS#: 1032585
Area: NANOOSE_BAY

Features and systems

Appliances

WasherRefrigeratorDishwasherDryerMicrowave

Heating

Heat PumpForced airElectric

Cooling

Air Conditioned

Lot

Level lotPrivate settingSouthern exposureOther

View

Mountain viewOcean view

Waterfront

Waterfront on ocean

Negative cash flow ~$228/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-0.57%

Cap rate

4.75%

GRM

13.9

Break-even rent

$14,640

Financing

Down payment$480,000

Loan amount$1,920,000

Mortgage$9,728/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,100

Insurance$80

Maintenance$2,000

CapEx reserve$1,000

Vacancy loss$720

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $9,728/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 20, 2026.