10052 Malaspina Rd, No City Value, BC | MLS^® R3001507 Property Details

A rare coastal opportunity! This spectacular 1.83-acre property offers stunning ocean views overlooking Okeover Inlet. Zoned commercial, it includes ample parking, gardens, wells, and septic systems. Create a private ocean-view estate, a family compound, or continue operating as a destination resort. Located just minutes from Lund, Powell River, and the marina. The current location of the famous Laughing Oyster, the property features a 157-seat restaurant, two homes, and four newly built tiny homes—ideal for luxury Airbnb rentals or boutique retreats. Proven revenue with significant growth potential, or a wonderful real estate holding to build out your dreams. A turnkey opportunity in an extraordinary setting—bring your ideas!

General Info

Price $2,900,000

Total Bedrooms 5

Total Bathrooms 2

Half Bathrooms 3

Floor Area Total (sqft) 1474

Lot Size 1.83

Lot Size Depth Feet

Lot Size Frontage 402

Basement Full, Exterior Entry

Basement Features BasementFeatures

Property Metrics

Year Built 2011

Age Of Building 14

Building Type Single Family Residence

Property Type Residential

Architecture Style Other

Stories 2

Building Features BuildingFeatures

Structures Residential Detached

Additional Details

MLS^® # R3001507

Area Out of Town

Neighbourhood Out of Town

City No City Value

Gross Taxes $10,988.14

Ownership Type Freehold NonStrata

Maintenance Fee -

Heating & Cooling

Fireplace 0

Heating Type Baseboard

Utilities

Utility Type Electricity Connected, Water Connected

Utility Sewer Septic Tank

Water (WaterSource) Well Drilled

Parking

Parking Type Additional Parking, Open, Guest, Front Access

Total Parking Spaces 0

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Strata Restrictions -

Rental Restrictions -

Zoning COMM

Rental Suites Legal Suite

# of Kitchens 4

Flooring Mixed

Foundation Concrete Perimeter

Locker -

View Description OKEOVER INLET WATER VIEWS

Units In Development -

Exterior Features Private Yard

Sewer Septic Tank

Roof Asphalt, Metal

Property History

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Status	Date	Price

Rooms

Floor	Type	Dimensions
Main Level	Living Room	11'0 x 11'0 ft
Main Level	Dining Room	7'0 x 7'0 ft
Main Level	Kitchen	10'0 x 10'0 ft
Main Level	Primary Bedroom	12'0 x 12'0 ft
Main Level	Foyer	3'0 x 3'0 ft
Main Level	Laundry	10'0 x 10'0 ft
Above Level	Bedroom	21'5 x 21'5 ft
Above Level	Bedroom	10'0 x 10'0 ft
Basement Level	Foyer	8'0 x 8'0 ft
Basement Level	Living Room	9'0 x 9'0 ft
Basement Level	Kitchen	17'0 x 17'0 ft
Basement Level	Primary Bedroom	9'0 x 9'0 ft
Basement Level	Bedroom	9'0 x 9'0 ft
Below	Bar Room	11'3 x 11'3 ft
Below	Kitchen	23'5 x 23'5 ft
Below	Kitchen	8'6 x 8'6 ft
Below	Great Room	27'6 x 27'6 ft
Below	Flex Room	11'11 x 11'11 ft
Below	Storage	9'6 x 9'6 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	Yes	#3
Basement	No	#3
Below	No	#2
Below	No	#2
Below	No	#2

Listed by: Sotheby's International Realty Canada

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 Info

Private Schools

Elementary

Assumption School

22.5 km

Elementary, Secondary

Phil & Jennie Gaglardi Academy

37.2 km

Closest Transit

Bus Stop

Hwy 101 at Malaspina (NB)

2.3 km

Skytrain

Skytrain @ Burrard Stn

138.89 km

Noise/ Power Lines

Road/Hwy Noise

Unlikely

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

Welcome to 10052 Malaspina Road, No City Value, BC - MLS^® R3001507

As we walk through this charming community, I'm excited to share with you the unique features of this beautiful home. Located in the heart of No City Value, BC, this property offers a tranquil and peaceful atmosphere, perfect for those seeking a serene lifestyle.

Education

When it comes to education, families will appreciate the proximity to Assumption School, a highly-rated Elementary independent school with a rating of 7/10, located just 22.5 km from this home. For Secondary education, Phil & Jennie Gaglardi Academy, a reputable independent school, is situated approximately 37.2 km away. Both options provide excellent academic opportunities for students in the area.

Safety

As we explore the neighborhood, I want to assure you that safety is a top priority. According to Statistics Canada's 2020 report, the crime rate near 10052 Malaspina Road is 6,209.37, which is Below Average compared to other Canadian cities. Additionally, the drug crime rate is Above Average, with a rating of 307.9, and the property crime rate is Below Average, with a rating of 2,771.13. These statistics provide peace of mind for residents and visitors alike.

Demographics

This neighborhood is home to a diverse population, with 23.1% of residents holding a university certificate or degree, which is Above Average in comparison to other BC neighborhoods. On the other hand, 16.1% of the population has no certificate or degree, which is Below Average compared to the average in BC. The median household income is $47,104, which is Low compared to the British Columbia average, and the median personal income is $27,157, which is Below Average in comparison to the BC average.

Transit

Convenience is key when it comes to transportation. The closest Bus station is Hwy 101 at Malaspina (NB), located just 2.3 km away from this home. With the nearby bus stop, residents can easily access public transportation, making it an ideal location for those who value ease of mobility.

Lifestyle Amenities

This community offers a wide range of lifestyle amenities, including parks, beaches, trails, and dog parks. Homebuyers will appreciate the nearby shopping malls, grocery stores, restaurants, and coffee shops, providing a variety of options for daily needs and entertainment.

Real Estate Context

The average value of dwellings in this neighborhood is $421,763, which is Above Average compared to other areas in British Columbia. The average owner payments are Low, with owners spending an average of $684 per month for their dwelling. Tenants, on the other hand, pay an average of $422 per month, also Low compared to other cities.

Community

This neighborhood is a close-knit community, with 65.1% of residents being married or living common law, which is Above Average. The average age of the population is 50.2, which is High compared to other BC cities. With a low population density of 0.3 people per square kilometer, this community offers a peaceful and serene atmosphere, perfect for those seeking a tranquil lifestyle.

Investment Opportunity

As an investment opportunity, this property offers a unique blend of affordability and growth potential. With a population change of 9.6% between 2011 and 2016, this community is experiencing steady growth, making it an attractive option for investors seeking a stable and secure investment.

Insider's Tip

As a seasoned realtor, I can assure you that this property offers a rare combination of affordability, growth potential, and lifestyle amenities. Whether you're a first-time buyer, a family, or an investor, this home at 10052 Malaspina Road, No City Value, BC - MLS^® R3001507, is an excellent choice for those seeking a peaceful and serene lifestyle in a thriving community.

Don't miss out on this incredible opportunity! Contact me today to schedule a viewing and make this property your dream home.