5.9% price reduction

538 Reed Rd, Gibsons, BC

$640,000
Est. Mortgage /mo

MLS® R3067119

3 Beds
2 Baths
2071 sqft
309 $ /sqft
1981 Built
$640,000
$679,900
Est. /mo with 20% down
$309/sqft · Tax $4,533/2025
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now

Property Details & Specs

5.9% price reduction

Ideally located in a great Gibsons neighbourhood, this 3-bedroom, 2-bathroom home offers over 2,000 sq. ft. of potential for those ready to roll up their sleeves. A true carpenter’s dream, the home features a functional layout with generous living spaces, a stone fireplace, and a large south-facing deck. While some updates have been started—many areas now need attention, making this an excellent opportunity to bring your vision, skills, and creativity to life. A spacious lower-level family/rec room, and a private yard backing onto green space, add to the appeal. Conveniently close to parks, the school bus stop, and just minutes to the ferry. This property is being sold as is, where is. A solid project in a sought-after location, ready for its next chapter.

General Info

Price $640,000
Total Bedrooms 3
Total Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 2071
Lot Size 8013
Lot Size Depth Feet
Lot Size Frontage 47.43
Basement Full
Basement Features -

Property Metrics

Year Built 1981
Age Of Building 45
Building Type Single Family Residence
Property Type Residential
Stories 2
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave
Building Features -
Structures Residential Detached

Additional Details

MLS® # R3067119
Building Name -
Area Sunshine Coast
Neighbourhood Gibsons & Area
City Gibsons
Postal Code V0N 1V1
Price per Sqft $309
Gross Taxes $4,533.44
Ownership Type Freehold NonStrata
Maintenance Fee -
Community Features Shopping Nearby

Heating & Cooling

Fireplace 2
Heating Type Electric, Other, Wood

Utilities

Utility Type Electricity Connected, Water Connected
Utility Sewer Septic Tank
Water (WaterSource) Public

Parking

Parking Type Carport Single, Other, Side Access, Aggregate
Total Parking Spaces 3
Listed by: RE/MAX City Realty

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood & Transit Info

Public Schools

Secondary
Chatelech Secondary School
20.52 km
Elementary
École du Pacifique
20.21 km
Elementary
École du Pacifique
20.21 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary, Secondary
Mulgrave School
23.29 km
Elementary, Secondary
Mulgrave School
23.29 km

Closest Transit

Bus Stop
Marine at Harvey (SB)
0.44 km
Skytrain
Skytrain @ Burrard Stn
31.06 km

Crime Rate

Total Crime Rate
Below Average
Violent Crime Rate
Below Average
Property Crime Rate
Below Average

Demographics

Post-Secondary Education
Average
27.9%
No Certificate/Degree
Below Average
8.2%
Owner Occupied
Below Average
42.5%
Employment Rate
Below Average
35.8%

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Local Info

Estimated Mortgage Calculator

/month
Principal & Interest
Property Taxes $378
Maintenance fee 0
Financing 80% of the $640,000 asking price over 30 years at 4% results in approximately $2,822/month in total estimated carrying costs, $378 property tax.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Estimated Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
This listing generates an estimated $2,462/month in rental income, leaving a -$466/month cashflow at current carrying costs. Investors targeting break-even would need roughly 36% down.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Home Price Evaluation Chart

Beds Home Types Square Feet Lot Size Year Built
This Home $640,000
Gibsons Loading...
Gibsons & Area Loading...
3 comparable Single Family Residences are currently active in Gibsons & Area, with a median asking price of $763,333. This property is listed 16.2% below the local average and 16.2% below the Gibsons average. This property is flagged as a Hot Deal (5.9% price reduction) based on its competitive pricing and market demand.
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Property FAQs

What are the closest top-rated schools to 538 Reed Road, Gibsons, BC?

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What is the estimated monthly mortgage and strata fee for 538 Reed Road, Gibsons, BC?

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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