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  5. Chemainus

11231 Chemainus Road, Ladysmith Ladysmith

Price

$2,990,000

Bedrooms4 Beds

Bathrooms5 Baths

Size2840 sqft

Year Built1929

Property TypeDetached Home

Property Taxes$13,656

Description

Discover a rare and remarkable opportunity to own 4.3 acres of low bank waterfront in the highly desirable seaside community of Saltair. This property offers approximately 460 feet of walk-on oceanfront with easy access to a pebbled beach, creating an exceptional setting for those who value natural beauty and coastal living. The heart of the property is a timeless 1929 Arts & Crafts home that exudes character and charm. Original craftsmanship is evident throughout, with 10-foot ceilings, hardwood floors, and detailed woodwork that speaks to the quality of a bygone era. Expansive windows frame sweeping views of the ocean, while French doors lead to a sun-drenched deck—an ideal place to watch the sunrise, sip your morning coffee, and take in the ever-changing coastal scenery. The surrounding gardens and landscaped yard are bursting with colour in every season, while the upper portion of the acreage is heavily treed with mature fir and cedar. This natural backdrop ensures privacy and creates the feeling of your very own west coast retreat. Beyond the main home, the property includes a separate two-bedroom cottage currently rented, offering additional income potential or space for extended family. A garden shed adds practical storage for tools and equipment. With its unique combination of heritage charm, oceanfront beauty, and tranquil setting, this property is truly one-of-a-kind. Saltair is known for its peaceful community spirit and convenient location between Chemainus and Ladysmith, offering easy access to marinas, golf, shopping, and recreational amenities, while still providing the privacy and serenity of a coastal retreat. This is a legacy property that rarely comes available. All measurements and information should be verified if fundamental to purchase. (id:39198)

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Listed By

The listing brokerage and/or agent is Century 21 Harbour Realty Ltd.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Property Dimensions


The Property Location

Mortgage Calculator

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Total Monthly Payment

$11,880 / month


Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$2,392,000

Total Interest Payments

$1,474,814

Total Payment (Principal + Interest)

$3,866,814


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Cashflow Calculator

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Monthly Cash Flow

$300 / month


Monthly Expenses

-$1,700

Monthly Income

$2,000


Your monthly cash flow is positive

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Meet Alex & Georgia

Growing up on the island, and settling down in beautiful Victoria, I have a unique perspective on the areas flourishing real estate market. I bought my first property at the young age of 20 and from there went on to buy and sell multiple properties around the area.

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The listing data displayed is deemed reliable but is not guaranteed accurate by CREA®. The trademarks REALTOR®, REALTORS®; and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA®) and identify real estate professionals who are members of CREA®. Used under license. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association. Review our MLS® Data Disclosure if you have any further questions