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Investment signal

$239,900

801/802B 181 Beachside Dr

Beds

Baths

Sqft

—

Year

2007

Location

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About this home

Experience the breathtaking beauty of this WATERFRONT condo at The Beach Club, offering spectacular, uninterrupted views from its stunning suite. Units #801 and #802 are combined under one title, allowing for flexible usage as a single space or separate rentals. With soaring ceilings, expansive windows, and two spacious balconies, you'll be able to soak in the endless vistas. This elegantly furnished suite includes all the essentials for your getaway, featuring a fully equipped kitchen, in-suite laundry, and a large bedroom complete with a spa-like ensuite bathroom. Revel in the beauty of sunrises and sunsets, take leisurely walks along the boardwalk, enjoy ocean swims, or play a round of golf at one of the nearby courses. As a ''Quarter Share Ownership'' property, you have the opportunity to enjoy one week per month, either for personal use or as a source of rental income, managed efficiently on-site. This all-season resort is equipped with a full-service spa, restaurant, lounge, gym, pool, and sauna. Just steps from the front door, you'll find the renowned Parksville beach and a variety of shops, activities, and amenities Parksville has to offer. (id:65958)

Subtype: Single Family
Structure: Apartment
Community: Beach Club Resort
Common interest: Timeshare/Fractional
Living area: 1,240 square feet
Condo/HOA fee: $612.04 monthly
Fireplace: 1
On market: Apr 15, 2026
Status changed: Apr 15, 2026
Annual tax: $6,473
Zoning: Residential/Commercial
Photos: 42
MLS#: 1032328
Area: PARKSVILLE

Features and systems

Appliances

Dryer

Heating

Forced airElectricNatural gas

Cooling

Central air conditioning

Lot

Central locationOtherMarine Oriented

Community

Family OrientedPets not Allowed

View

Mountain viewOcean view

Waterfront

Waterfront on ocean

Security

Sprinkler System-FireFire alarm system

Positive cash flow ~$138/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

3.45%

Cap rate

6.58%

GRM

10.5

Break-even rent

$1,755

Financing

Down payment$47,980

Loan amount$191,920

Mortgage$1,177/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$110

Insurance$80

Maintenance$200

CapEx reserve$100

Vacancy loss$95

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 Parksville. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $1,177/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 15, 2026.