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Investment signal

$395,000

507 1971 Harbour Dr

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Beds

Baths

Sqft

—

Year

2004

Type

Single Family

Suite

Suite potential

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Location nearby

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

About this home

Cozy Top-Floor Waterfront Condo located on a connected island in Ucluelet– Fully Furnished. This 1-bedroom, 1-bathroom condominium offers about 680 sq. ft. of comfortable living space and comes fully furnished and equipped. Enjoy peaceful inlet and mountain views from both the living room and the primary bedroom. The living area has a propane fireplace and opens onto a large sundeck. There’s good in-unit storage. Nightly rentals are allowed through the on-site management company, making this a solid option for personal use, rental income, or a mix of both. A terrific opportunity for a full-time home, a getaway, or an investment on Vancouver Island. The property is located within close proximity to all of the town’s amenities, the Wild Pacific Trail and just a ten-minute drive to the first beach in the Pacific Rim National Park Reserve. (id:65958)

Subtype: Single Family
Structure: Apartment
Community: WATER'S EDGE
Common interest: Condo/Strata
Living area: 680 square feet
Parking: 1 total
Condo/HOA fee: $541.71 monthly
Fireplace: 1
On market: Apr 22, 2026
Status changed: Apr 22, 2026
Annual tax: $3,119.15
Zoning: Multi-Family
Photos: 18
MLS#: 1032485
Area: UCLUELET

Features and systems

Parking

Open

Appliances

RefrigeratorRange - ElectricDishwasherMicrowave

Heating

Baseboard heatersElectric

Cooling

None

Lot

Other

Community

Family OrientedPets Allowed With Restrictions

View

Mountain viewOcean view

Waterfront

Waterfront on ocean

Security

Sprinkler System-Fire

Negative cash flow ~$480/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

-7.29%

Cap rate

3.41%

GRM

16.7

Break-even rent

$2,480

Financing

Down payment$79,000

Loan amount$316,000

Mortgage$1,601/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$181

Insurance$80

Maintenance$329

CapEx reserve$165

Vacancy loss$99

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 $1,601/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 22, 2026.