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Legal suite

$1,799,900

590-592 N FLETCHER ROAD

Beds

Baths

Sqft

—

Year

2002

Location

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About this home

Situated on an 18,000 square ft subdividable lot, this 3,700 square ft home with legal suite offers the best of West Coast living with sweeping views of the ocean, island & mountains. Thoughtfully designed, the lush & mature gardens provide exceptional privacy. This four bedroom home features a bright, spacious two bedroom suite with ocean views & in-suite laundry, perfect for rental income or two family living. A sunny sundeck and a cozy lower level patio provide the perfect places to unwind, all while taking in the beautiful gardens and breathtaking ocean views. Ideally located, you're a short walk to the shops, dining and beaches of vibrant Lower Gibsons, and only minutes from the ferry. A detached double garage/workshop & RV parking with hookup adds to the versatility of this rare offering. (id:65958)

Subtype: Single Family
Architectural style: Bungalow
Structure: House
Common interest: Freehold
Living area: 3,711 square feet
Lot size: 18,169 square feet
Lot dimensions: 18169
Fireplace: 1
On market: Apr 17, 2026
Status changed: Apr 17, 2026
Annual tax: $7,546.96 (2024)
Photos: 40
MLS#: R3112921
Area: GIBSONS

Features and systems

Parking

Detached Garage

Basement

FinishedUnknownUnknown

Appliances

All

Heating

Baseboard heatersElectric

Lot

Central location

View

Negative cash flow ~$1,729/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

-5.76%

Cap rate

4.74%

GRM

13.9

Break-even rent

$12,620

Financing

Down payment$359,980

Loan amount$1,439,920

Mortgage$8,834/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$825

Insurance$80

Maintenance$1,500

CapEx reserve$750

Vacancy loss$540

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

Mortgage estimate

Estimated $8,834/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 17, 2026.