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Investment signal

$1,349,000

1590 Carrington Bay Rd

Beds

2

Baths

2

Sqft

Year

2006

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

This 10.18 acres of land includes a 1,633 sq ft 2-bed, 2-bath home, 3-car garage with workshop and cozy guest suite, and additional 1 bed/1bath cabin. The main home features a wood stove, propane range, and a breakfast bar. A gym/craft/multipurpose room adds additional living space on the ground level. Upstairs is the primary bedroom, office, and a bathroom with soaker tub and heated tile floors. French doors open to a deck overlooking the yard, perennial gardens and fruit trees. Additional outdoor spaces include a greenhouse, garden/generator shed, and shaded outdoor living room. The garage is complete with wood stove, skylights, and a bathroom. Above the garage, the 1 bed/1 bath suite is perfect for guests or short-term rental. The cabin has its own driveway and full hookups. A generator provides backup water pressure and power to the house, shop, suite, and cabin. This home offers the potential for a variety of uses, from multi-family living to a quiet retreat or hobby farm. (id:65958)

Subtype
Single Family
Structure
House
Community
Cortes Island
Common interest
Freehold
Living area
2,850 square feet
Lot size
10.18 acres
Lot dimensions
10.18
Parking
4 total
Fireplace
3
On market
Mar 16, 2026
Status changed
Apr 16, 2026
Annual tax
$5,271
Zoning
Rural residential
Photos
98
MLS#
1028530
Area
WHALETOWN

Features and systems

Appliances

WasherRefrigeratorRange - GasDishwasherDryer

Heating

Baseboard heatersWood

Cooling

None

Lot

AcreagePrivate settingOtherMarine Oriented
Negative cash flow ~$2,593/mo at these assumptions

Cash on cash

-11.53%

Cap rate

3.58%

GRM

16.7

Break-even rent

$9,479

Financing

Down payment$269,800
Loan amount$1,079,200
Mortgage$6,621/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$618
Insurance$80
Maintenance$1,124
CapEx reserve$562
Vacancy loss$338

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

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

Mortgage estimate

Estimated $6,621/mo at 5.49% with 20% down, 25-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 16, 2026.

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