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Investment signal

$2,575,000

8757/8761 Oyster River Way

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Beds

Baths

Sqft

—

Year

2020

Type

Single Family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Black Creek. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to 8757 & 8761 Oyster River Way. No expense was spared in the building and design of this gorgeous home. From the Fulgor Milano appliances to the Hubbardton Forge lighting, this home boasts the ultimate in quality and style. The main house – a 3660 sq ft Craftsman home – features soaring 20’ ceilings, a chef’s kitchen and pantry, media room and games room. Enjoy the luxury of direct access to the hot tub just outside the master ensuite which features a custom-built walk-in-closet and spa-like ensuite. Radiant floor heat, dual HVAC, and a towering stone fireplace add warmth throughout the home. Majestic timber-framed patio areas for relaxing and entertaining are conveniently positioned to make indoor-outdoor living seamless. The second home is a legal 690 sq ft house with double garage, over-height RV garage, and covered storage area. The landscaped 2.5-acre grounds feature an irrigated, raised-bed, vegetable garden, orchard, berry patch, water feature and the beginnings of greenhouses. The remaining 2.5 acres are prepped for subdivision with services at the lot line. Whether you're seeking multigenerational living, a homestead, or investment opportunity, this is a truly unique offering near the ocean and amenities of Vancouver Island. Designed for all ages and stages of living, features such as the metal roof, engineered hardwood flooring, concrete patios, and paved driveway mean little upkeep and maintenance for many years to come. (id:65958)

Subtype: Single Family
Architectural style: Character
Structure: House
Community: Merville Black Creek
Common interest: Freehold
Living area: 3,660 square feet
Lot size: 2.5 acres
Lot dimensions: 2.5
Parking: 10 total
Fireplace: 1
On market: Apr 22, 2026
Status changed: Apr 22, 2026
Annual tax: $9,988.94
Zoning: Rural residential
Photos: 77
MLS#: 1032817
Area: BLACK_CREEK

Features and systems

Appliances

WasherRefrigeratorHot TubDryer

Heating

Heat PumpOther

Cooling

Air Conditioned

Lot

AcreagePark settingPrivate settingSouthern exposureOtherMarine Oriented

Negative cash flow ~$2,685/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

-6.26%

Cap rate

3.61%

GRM

16.7

Break-even rent

$15,702

Financing

Down payment$515,000

Loan amount$2,060,000

Mortgage$10,438/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,180

Insurance$80

Maintenance$2,146

CapEx reserve$1,073

Vacancy loss$644

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 $10,438/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 22, 2026.