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Investment signal

$1,200,000

908 181 Beachside Dr

Beds

2

Baths

3

Sqft

Year

2007

About this home

Welcome to the Beach Club Resort in Parksville, BC: An oceanfront retreat on one of Vancouver Island’s most iconic beaches. This rare offering includes all 4- 1/4 shares (4 separate Titles) of a Penthouse ocean view condo, giving you year-round enjoyment & complete ownership flexibility. With 1200+ sqft of beautifully finished space, the unit features a 1 Bed/2 Bath Primary Suite plus a self-contained Studio Suite, ideal for family getaways or generating rental income. Enjoy sweeping views of Parksville’s sandy shoreline from 2 private balconies, or relax in air-conditioned comfort surrounded by elegant, executive décor. The 900 sqft Primary Suite has a gourmet kitchen, open living/dining area, spa-inspired ensuite, and spacious bedroom. The Studio Suite includes 2 queen beds, a wet bar, full bath, and private balcony. Owners enjoy secure underground parking & access to world-class resort amenities including pool, spa, gym, and fine dining. A premier West Coast investment opportunity! (id:65958)

Subtype
Single Family
Architectural style
Contemporary
Lot size
1,230 square feet
MLS#
1029632
Area
PARKSVILLE
Negative cash flow ~$2,320/mo at these assumptions

Cash on cash

-11.60%

Cap rate

3.57%

GRM

16.7

Break-even rent

$8,442

Financing

Down payment$240,000
Loan amount$960,000
Mortgage$5,890/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$550
Insurance$80
Maintenance$1,000
CapEx reserve$500
Vacancy loss$300

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.

Mortgage estimate

Estimated $5,890/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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