No photos available
Investment signal

$1,200,000

615 Chinook Ave

Beds

3

Baths

4

Sqft

Year

1990

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

Wake up to breathtaking ocean views in this versatile coastal retreat, perfectly positioned just steps from the beach and town amenities. The main level features a private, self-contained in-law suite — ideal for extended family, guests, or rental income. Upstairs, the bright and spacious living area showcases stunning ocean and mountain views, with a large kitchen designed for gathering and entertaining. Expansive decks provide the perfect setting to relax, dine, and soak in the scenery from sunrise to sunset. Situated on a large, level lot, this property offers exceptional flexibility for multi-generational living or income potential. A substantial detached shop with its own bathroom adds incredible functionality and presents excellent carriage home potential (buyer to confirm with city). There’s plenty of room for RVs, boats, recreational vehicles, and all your toys. A rare opportunity to own a property that combines lifestyle, space, and opportunity in an unbeatable location. (id:65958)

Subtype
Single Family
Structure
House
Community
Parksville
Common interest
Freehold
Living area
2,592 square feet
Lot size
11,326 square feet
Lot dimensions
11326
Parking
6 total
Fireplace
1
On market
Apr 2, 2026
Status changed
Apr 15, 2026
Annual tax
$7,242.15
Zoning
Residential
Photos
66
MLS#
1030577
Area
PARKSVILLE

Features and systems

Heating

Baseboard heatersElectric

Cooling

None
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.

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 $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 15, 2026.

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