Island living that pays you back. Tucked into sought-after Magic Lake Estates on North Pender Island, this rare two-dwelling property pairs an extensively updated 1,450 sq ft main home (3 bed, 2 bath, ocean views) with a legal, self-contained detached cottage (1 bed, 1 bath, its own kitchen) on a private, level 0.45-acre lot. Updated so thoroughly it was reclassified by BC Assessment as a single family dwelling, the main home is bright and move-in ready. Live in one and rent the other: the cottage rents for $16,200/yr and the main home is estimated near $30,000/yr. Enjoy a gardener's paradise yard, municipal water and sewer (rare on the islands), and a location minutes from Magic Lake, Thieves Bay Marina moorage, tennis, pickleball, disc golf, trails and beaches. Reached by BC Ferries from Swartz Bay and Tsawwassen, plus floatplane. A full-time island home with income, room for extended family, or an investment that rarely comes together like this.
Data was last updated September 11, 2026 at 04:05 AM (UTC)
Area Statistics
Listings on market:
92
Avg list price:
$727,000
Min list price:
$124,900
Max list price:
$17,800,000
Avg days on market:
103
Min days on market:
1
Max days on market:
1,160
Avg price per sq.ft.:
$578.58
These statistics are generated based on the current listing's property type
and located in
GI Pender Island. Average values are
derived using median calculations. This data is not produced by
the MLS® system.