508 Pratt Rd, Gibsons BC - Land for Sale - MLS# R2974244

533 days on the market
$1,290,000
Est. Mortgage $5,707/mo
Listing updated:
EstateBlock checked:
0 sqft
35.2% price reduction
533 days on the market
$1,290,000
$1,990,000
Est. $5,707/mo with 20% down
Listing updated:
EstateBlock checked:

Property Details for 508 Pratt Road

35.2% price reduction

Exceptional 9.75 Acres of ALR Land.. Unlock the potential of this sunny, level 9.75-acre agricultural reserve in Gibsons, with 8% of the property allocated for commercial use—an ideal opportunity for a mixed farm business. Just a short walk from local amenities, shopping centre , next to cider manufacture, this location is perfect for various business ventures. The property permits one primary residence and an auxiliary dwelling, with specific restrictions on a second dwelling. Accessed via Mahan Road, the flat and cleared lot is ready for development. It features a dilapidated 60 x 24 mobile home (exempt from the manufactured home act) and a large barn, offering both challenges and opportunities.

Exterior Features

Structures Land Only

Building Details

Price $1,290,000
Property Type Land
Ownership Type Freehold NonStrata
Utility Type Sanitary Sewer Septic Tank, Storm Sewer Not Available, Electricity At Lot Line, Natural Gas Available, Natural Gas Connected, Cable Connected
Water (WaterSource) Public

Lot & Land

Lot Size 9.75
Lot Size Depth Feet
Lot Size Frontage 330
MLS® # R2974244
Area Sunshine Coast
Neighbourhood Gibsons & Area
City Gibsons
Postal Code V0N 1V4
Gross Taxes $3,678.75
Zoning AG

Property Timeline

Status Date Price
R2974244 / Active 03-05-2025 $1,290,000

Listed by: Sutton Group-West Coast 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
19.07 km
Elementary
École du Pacifique
18.77 km
Elementary
École du Pacifique
18.77 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
Above Average 24.97 km 9.7/10
Elementary, Secondary
Mulgrave School
Above Average 24.97 km 9.7/10

Closest Transit

Bus Stop
Pratt at Fircrest (NB)
0.36 km
Skytrain
Skytrain @ Burrard Stn
32.37 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
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

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

Sell Speed & Competition

32 / 100
Overall sell-speed score
May take longer
D
Price competition grade
Avg comparable: $-731,430
Buyer's
Market conditions
Buyer's market — more supply than demand
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 32.37 km from station
Road / Highway noise
Possible — major road nearby
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
Yes — in ALR
How GIBSONS & AREA compares
This property
533 DOM
Slower than area
Gibsons & Area avg
54 DOM
Average
Gibsons avg
54 DOM
Faster market

508 Pratt Road has a sell-speed score of 32/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 156.7% above comparable active properties in Gibsons & Area. 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 could take longer than the area average to sell.

Nearby Restaurants, Cafes & Shops

Transit (17 nearby)

  • Bus stop pratt at fircrest (nb) · 360 m · Transit
  • Bus stop pratt at fircrest (sb) · 366 m · Transit
  • Bus stop gibsons at pratt (eb) · 573 m · Transit

Shopping (10 nearby)

  • Elphinstone cycles · 613 m · Bicycle Shop
  • Bmo · 649 m · Bank
  • Electric hair · 657 m · Hairdresser

Restaurants (5 nearby)

  • Wendy's · 622 m · Fast Food
  • Domino's pizza · 733 m · Fast Food
  • Won japanese restaurant · 929 m · Restaurant

Cafes (4 nearby)

  • More cafe & bakeshop · 563 m · Cafe
  • Tim hortons · 622 m · Cafe
  • Sheer bliss bakery cafe ltd · 667 m · Cafe

Groceries (2 nearby)

  • Iga · 675 m · Supermarket
  • The blackfish liquor store · 720 m · Beverages

Healthcare (1 nearby)

  • Howe sound pharmacy · 856 m · Healthcare

Schools NearBy

6 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

1.12 KM

Gibsons Elementary School

Public

Grades Served

K-7

Catchment Info

6.6 / 10

Distance

1.13 KM

Elphinstone Secondary School

Public

Grades Served

7-12

Catchment Info

6.2 / 10

Distance

1.25 KM

Continuing Ed SD 46

Public

Grades Served

Catchment Info

0

Distance

1.59 KM

Sunshine Coast Alternative School

Public

Grades Served

Catchment Info

4.0 / 10

Distance

1.59 KM

Spider

Public

Grades Served

Catchment Info

7.0 / 10

Distance

1.59 KM

Walkability & Transit Near 508 Pratt Road

Walk Score Badge
Car-Dependent 46

Walk Score - Car-Dependent

Most 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
51

Bike Score - Bikeable

Some bike infrastructure

Mortgage Calculator for 508 Pratt Road

/month
Principal & Interest
Property Taxes $307
Maintenance fee 0
Financing 80% of the $1,290,000 asking price over 30 years at 4% results in approximately $5,234/month in total estimated carrying costs, $307 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
This listing generates an estimated $3,823/month in rental income, leaving a -$1,575/month cashflow at current carrying costs. Investors targeting break-even would need roughly 46% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 508 Pratt Road, 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 $1,290,000
Gibsons Loading...
Gibsons & Area Loading...

Based on 32 comparable active properties in Gibsons & Area, the average asking price is $502,600. This listing is priced 156.7% above the neighbourhood average. This property is flagged as a Hot Deal (35.2% 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 508 Pratt Road

Walk Score Badge
Car-Dependent 46

Walk Score - Car-Dependent

Most 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
51

Bike Score - Bikeable

Some bike infrastructure

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