Home No City Value, BC FVREB Out of Town 471 Leet Lane

Photos

Exterior photo of 471 Leet Lane, No City Value, BC – MLS® R2994558

Exterior Rear Photo of 471 Leet Lane, No City Value, BC

Living Room Photo of 471 Leet Lane, No City Value, BC

Family Room Photo of 471 Leet Lane, No City Value, BC

Over 37 Acres in Fanny Bay, B.C. - NOT in the ALR! Discover a beautiful and private setting with legal access via Leet Lane. This expansive property offers endless possibilities, with the majority zoned RU-20 and a smaller portion on the west side zoned UR. Whether you're looking to build, invest, or create a retreat, this versatile land is ready for your vision. Conveniently located less than 20 minutes from Courtenay, providing easy access to all amenities and shopping. Located just a short distance from the ocean - fishing and water sports are within a short drive or walk. Lot lines in photos are approximate. Follow the links for more details - call today to book your private showing!

Exterior Features

Structures	Land Only

Building Details

Price	$1,799,000
Property Type	Land
Ownership Type	Freehold NonStrata
Utility Type	Sanitary Sewer Not Available, Storm Sewer Not Available, Electricity Nearby, Natural Gas Not Available, Phone Nearby, Cable Not Available
Water (WaterSource)	None

Lot & Land

Lot Size	37.23
Lot Size Depth	Feet
Lot Size Frontage	0
MLS^® #	R2994558
Area	FVREB Out of Town
Neighbourhood	FVREB Out of Town
City	No City Value
Postal Code	V0R 1W0
Gross Taxes	$2,509.5
Zoning	RU-20

Property Timeline

Status	Date	Price
R2994558 / Active	04-25-2025	$1,799,000

Listed by: RE/MAX 2000 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

Private Schools

Elementary
Beachcombers Academy: 1.05 km
Elementary, Secondary
Phil & Jennie Gaglardi Academy: 21.49 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

Sell Speed & Competition

24 / 100

Overall sell-speed score

May take longer

Price competition grade

Avg comparable: $-3,227,406

Buyer's

Market conditions

Buyer's market — more supply than demand

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely

Road / Highway noise

Unlikely

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How FVREB OUT OF TOWN compares

This property

542 DOM

Listed

FVREB Out of Town avg

—

No City Value avg

—

471 Leet Lane has a sell-speed score of 24/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 279.4% above comparable active properties in FVREB Out of Town. The local market is currently a Buyer's Market with a sales-to-active ratio of 10.1% — buyers have more leverage. With only 3281 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

Walkability & Transit Near 471 Leet Lane

Car-Dependent 6

Walk Score - Car-Dependent

Almost all errands require a car

Some Transit 0

Transit Score - Minimal Transit

It is possible to get on a bus

Somewhat
Bikeable 25

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Mortgage Calculator for 471 Leet Lane

/month

Principal & Interest

Property Taxes $209

Maintenance fee 0

Financing 80% of the $1,799,000 asking price over 30 years at 4% results in approximately $7,080/month in total estimated carrying costs, $209 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.

Investment Cashflow Calculator

/month

Mortgage Payment

Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

This listing generates an estimated $4,665/month in rental income, leaving a -$2,602/month cashflow at current carrying costs. Investors targeting break-even would need roughly 51% down.

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 471 Leet Lane, No City Value

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.