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Investment signal

$239,900

801/802B 181 Beachside Dr

Beds

2

Baths

3

Sqft

Year

2007

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
MLS#
1032328
Area
PARKSVILLE
Positive cash flow ~$138/mo at these assumptions

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.

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.

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