397 Vernon Pl, Gibsons BC - Single Family Residence for Sale - MLS# R3116630

131 days on the market
$1,477,000
Est. Mortgage $6,534/mo
Listing updated:
EstateBlock checked:
4 Beds
4 Baths
3375 sqft
438 $ /sqft
2003 built
10.4% price reduction
131 days on the market
$1,477,000
$1,649,000
Est. $6,534/mo with 20% down
Listing updated:
EstateBlock checked:

Property Details for 397 Vernon Place

10.4% price reduction

This well-appointed elegant view home is perfect for entertaining & building those cherished moments with extended friends & family with its flexible floorplan. Live entirely on the level main floor with glorious high ceilings, bright open kitchen/dining/familyroom, formal living room, den, ½ bath, large primary bdrm, ensuite & private patios. The upper floor, once a popular VRBO with its own entrance can be separate or part of the main home, has two mirrored bdrms, a shared balcony & each their own full bath. A large flex/hobby room & mini self-serve bar is perfect for guests/family to grab a coffee in the AM. Enjoy the ocean views, breathtaking gardens, 5 gas fireplaces, hot tub, chef’s kitchen, double garage, & being only minutes to the famous Bonniebrook sandy beach! A must see!

Interior Features

Basement Finished Area (sqft) 0
Basement Features Crawl Space
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove, Wine Cooler
Interior Features Pantry, Wet Bar
Fireplace 5
Heating Type Natural Gas
# of Kitchens 1
Flooring Hardwood, Mixed
Foundation Concrete Perimeter

Exterior Features

Exterior Features Garden, Balcony, Private Yard
View Description Southwest Ocean view
Roof Asphalt
Structures Residential Detached

Building Details

Price $1,477,000
Total Bedrooms 4
Total Bathrooms 4
Full Bathrooms 4
Half Bathrooms 0
Floor Area Total (sqft) 3375
Year Built 2003
Age Of Building 23
Building Type Single Family Residence
Property Type Residential
Stories 2
Ownership Type Freehold NonStrata
Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Septic Tank
Water (WaterSource) Public
Parking Type Garage Double, Front Access, Garage Door Opener
Total Parking Spaces 4

Lot & Land

Lot Size 21780
Lot Size Depth Feet
Lot Size Frontage 142
MLS® # R3116630
Area Sunshine Coast
Neighbourhood Gibsons & Area
City Gibsons
Postal Code V0N 1V5
Gross Taxes $6,724.47
Zoning R2

Property Timeline

Status Date Price
R3116630 / Active 04-28-2026 $1,477,000
to view full Property History (5 earlier records)
Rooms
Floor Type Dimensions
Main Level Living Room 17'11 x 17'11 ft
Main Level Dining Room 17'11 x 17'11 ft
Main Level Kitchen 14'11 x 14'11 ft
Main Level Family Room 17'6 x 17'6 ft
Main Level Eating Area 14'11 x 14'11 ft
Main Level Primary Bedroom 17'8 x 17'8 ft
Main Level Bedroom 13'5 x 13'5 ft
Main Level Mud Room 15'11 x 15'11 ft
Main Level Foyer 13'4 x 13'4 ft
Main Level Walk-In Closet 10' x 10' ft
Above Level Games Room 23'5 x 23'5 ft
Above Level Bedroom 14'4 x 14'4 ft
Above Level Bedroom 14'4 x 14'4 ft
Bathrooms
Floor Ensuite Pieces
Main Level Yes #4
Main Level Yes #5
Above Level Yes #4
Above Level Yes #4

Listed by: RE/MAX Oceanview Realty & RE/MAX Oceanview Realty & RE/MAX Oceanview 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.

Map & Neighbourhood

Public Schools

Secondary
Chatelech Secondary School
Average 17.79 km 6/10

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

Private Schools

Elementary
St Regis Secondary School
Above Average 26.1 km 7.3/10
Elementary, Secondary
Mulgrave School
Above Average 26.49 km 9.2/10

Closest Transit

Bus Stop
King at Kearton (SB)
0.83 km
Skytrain
Skytrain @ Burrard Stn
33.73 km

Crime Rate

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

Demographics

Post-Secondary Education
Below Average 17.6%
No Certificate/Degree
Above Average 17.1%
Owner Occupied
Below Average 56.1%
Employment Rate
Below Average 49.1%

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

Sell Speed & Competition

58 / 100
Overall sell-speed score
Moderate pace expected
A
Price competition grade
Avg comparable: $1,670,487
Buyer's
Market conditions
Buyer's market — more supply than demand
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 33.73 km from station
Road / Highway noise
Unlikely
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How GIBSONS & AREA compares
This property
131 DOM
Slower than area
Gibsons & Area avg
54 DOM
Average
Gibsons avg
54 DOM
Faster market

397 Vernon Place has a sell-speed score of 58/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 13.1% below comparable active properties in Gibsons & Area, which is a strong competitive signal. The local market is currently a Buyer's Market with a sales-to-active ratio of 10.6% and an area average of 54 days on market — buyers have more leverage. With only 502 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Nearby Restaurants, Cafes & Shops

Transit (4 nearby)

  • Bus stop king at kearton (sb) · 834 m · Transit
  • Bus stop king at kearton (nb) · 855 m · Transit
  • Bus stop king at fitchett (nb) · 910 m · Transit

Restaurants (1 nearby)

  • Chasters restaurant · 849 m · Restaurant

Schools NearBy

3 Schools are within 3km

School Type Grades Served Catchment Info Rating Distance

Cedar Grove Elementary School

Public

Grades Served

K-7

Catchment Info

6.5 / 10

Distance

1.34 KM

Gibsons Elementary School

Public

Grades Served

K-7

Catchment Info

6.6 / 10

Distance

2.83 KM

Elphinstone Secondary School

Public

Grades Served

7-12

Catchment Info

6.2 / 10

Distance

2.86 KM

Walkability & Transit Near 397 Vernon Place

Walk Score Badge
Car-Dependent 12

Walk Score - Car-Dependent

Almost all errands require a car
Transit Score Badge
Some Transit 0

Transit Score - Minimal Transit

It is possible to get on a bus
Bike Score Badge
Somewhat
Bikeable
31

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Mortgage Calculator for 397 Vernon Place

/month
Principal & Interest
Property Taxes $560
Maintenance fee 0
Based on a 30-year fixed at 4% interest with 20% down ($295,400), the estimated monthly payment for this listing is $6,201/month — $5,641 principal & interest, $560 property tax.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
At an estimated rental income of $4,378/month, this property runs a $2,011/month shortfall after mortgage and carrying costs. Break-even requires approximately 49% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 397 Vernon Place, Gibsons

Buy Vs Rent Calculator

/ month
Rent
Own
Principal: Interest, tax, insurance, fees:

Rent vs own

Principal paid off by year 5
Principal paid off by year 10

Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.

Price vs Neighbourhood Average — Gibsons & Area, Gibsons

Beds Home Types Square Feet Lot Size Year Built
This Home $1,477,000
Gibsons Loading...
Gibsons & Area Loading...

Based on 2 comparable active Single Family Residences in Gibsons & Area, the average asking price is $1,699,667. This listing is priced 13.1% below the neighbourhood average. This property is flagged as a Hot Deal (10.4% 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

Call or Text Now!

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 13+ Years of Experience Serving Greater Vancouver

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Walkability & Transit Near 397 Vernon Place

Walk Score Badge
Car-Dependent 12

Walk Score - Car-Dependent

Almost all errands require a car
Transit Score Badge
Some Transit 0

Transit Score - Minimal Transit

It is possible to get on a bus
Bike Score Badge
Somewhat
Bikeable
31

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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