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Investment signal

$799,000

702 GIBSONS WAY

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Beds

Baths

Sqft

—

Year

1951

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

About this home

Centrally located in Gibsons, this versatile 4-bedroom, 2-bathroom home offers beautiful Salish Sea views toward Keats Island and the North Shore Mountains. The home includes a self-contained 1-bedroom suite ideal for mortgage help, rental income or multigenerational living. Located just a short walk to shops, beaches, restaurants, schools, and the marina in both Upper and Lower Gibsons. Live in, rent out, or hold for long-term value in this prime Sunshine Coast location. Investor alert: the property has been pre-approved for an 8-unit townhouse development with upper units expected to capture great ocean views and offer Air B&B potential. This is a strong holding property with income today and excellent redevelopment potential in the future! (id:65958)

Subtype: Single Family
Architectural style: 2 Level
Structure: House
Common interest: Freehold
Living area: 1,780 square feet
Lot size: 12,638 square feet
Lot dimensions: 12638
Parking: 4 total
On market: Mar 17, 2026
Status changed: Apr 27, 2026
Annual tax: $2,708.66 (2018)
Photos: 40
MLS#: R3100692
Area: GIBSONS

Features and systems

Appliances

All

Heating

Baseboard heatersElectric

Lot

Central location

View

Negative cash flow ~$884/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

-6.64%

Cap rate

3.54%

GRM

16.6

Break-even rent

$4,930

Financing

Down payment$159,800

Loan amount$639,200

Mortgage$3,239/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$366

Insurance$80

Maintenance$666

CapEx reserve$333

Vacancy loss$200

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 $3,239/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 27, 2026.