Description
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.
Property Details
| Property Type | Residential |
| Property Sub Type | Single Family Detached |
| Listing ID | 1048846 |
| Status | Active |
| City | Pender Island |
| Area | Gulf Islands |
| Sub-Area | GI Pender Island |
| Postal Code | V0N 2M2 |
| Property Taxes | $5,294.29 (2026) |
| Parking Total | 6 |
| Facing | Southwest |
| Water | Municipal |
| Sewer | Sewer Connected |
| Heating | Electric,Forced Air,Wood |
| Fireplaces | 1 |
| Fireplace Type | Wood Stove |
| Appliances | Dishwasher,Microwave,Oven/Range Gas,Refrigerator,Washer |
| Interior Features | Ceiling Fan(s),Dining Room,Dining/Living Combo,Eating Area |
| Exterior Features | Balcony,Balcony/Deck,Fencing: Partial,Low Maintenance Yard,Outdoor Kitchen |
| Construction | Aluminum Siding,Insulation: Ceiling,Insulation: Walls |
| Roof | Asphalt Shingle |
| Foundation | Poured Concrete,Stone |
| Basement | Crawl Space |
| Laundry | In House |
| Listed Date | Sep 10, 2026 |
| Ownership | Freehold |
| Lot Size | 0.45 acres |
Rooms
| Room | Level | Dimensions | Description |
|---|---|---|---|
| Balcony | Main level | 14\'4 x 12\'2 | |
| Bathroom | Main level | 4-Piece | |
| Bedroom | Main level | 9\'0 x 7\'6 | |
| Bedroom | Main level | 11\'8 x 10\'7 | |
| Dining room | Main level | 12\'2 x 9\'3 | |
| Ensuite | Main level | 3-Piece | |
| Entrance | Main level | 8\'8 x 6\'6 | |
| Family room | Main level | 18\'11 x 12\'5 | |
| Kitchen | Main level | 15\'10 x 12\'5 | |
| Laundry room | Main level | 8\'3 x 5\'0 | |
| Living room | Main level | 14\'5 x 12\'2 | |
| Primary Bedroom | Main level | 15\'4 x 11\'8 | |
| Kitchen | Other | 11\'5 x 10\'5 | |
| Sitting room | Other | 13\'0 x 11\'5 |
Building Details
Additional Information
| Features | Central location, Cul-de-sac, Level lot, Private setting, Southern exposure, Corner Site, Other, Rectangular, Marine Oriented |
| View | Ocean view |
| Land Size | 19602 sqft |
| Land Access | Road access |
| Building Type | House |
| Interior Size | 1925 sqft |
| Transaction | For sale |