View of Port Alice from the Frigon Islands. (Debra Lynn photo)

View of Port Alice from the Frigon Islands. (Debra Lynn photo)

Over 108 properties sold in Port Alice and area since 2015

Written by Debra Lynn

Port Alice residents wouldn’t be wrong to think that there are a whole lot of new faces in town. Since the Neucel pulp mill curtailment in 2015, when mill workers began leaving town to find work elsewhere, 108 properties have been scooped up by a new bargain-hunting demographic.

According to the Vancouver Island Real Estate Board’s database, in 2019 there were 24 property sales. Seventeen were condominiums selling between $27,500 and $115,000, with an average sale price of $53,529. Also sold were 3 houses for $139,000, $180,000 and $370,000, two trailers for $20,000 and $32,000, and two lots, one in town for $58,000 and one at Alice Lake for $169,000.

2018 was the banner year for sales when 32 properties exchanged hands.

Nineteen of them were condos, selling between $29,900 and $82,000, for an average sale price of $52,132. Ten houses sold within a range of $95,000 and $320,000, average: $219,850. Three lots sold, one on Marine Drive for $70,000 and two at Alice Lake for $149,000 and $169,000.

2017 was another busy year with 27 real estate transactions. Seventeen were condos with a final sale price between $21,000 and $70,000, for an of $40,765. Six houses sold, between $82,800 and $275,000, for an average of $181,000, as well as two trailers for $51,750 and $65,000. Two lots sold, one at Benson Lake for $42,500, and one at Alice Lake for a whopping $935,000!

Buyers found some real bargains in 2016. Of the 11 properties sold that year, six were condos selling between $24,000 and $48,000, for an average price of $32,983, and 3 were houses, selling for $128,000, $115,000 and $150,000. One trailer sold for $20,000 and one lot on Neurotsos Inlet sold for $127,450.

In 2015, the year of the mill curtailment, nine properties were disposed of, five condos between $26,990 and $85,000, and four houses between $60,500 and $155,000. This is similar to 2014, when eight properties sold.

So far, in 2020, five properties have new owners: two condos for $64,000 and $92,000, and three single family homes for $139,000, $147,500 and $205,000. Either because of limited inventory and/or the pandemic, sales are down but still sustaining a pulse. In 2020, the average condo prices have increased by 46 per cent from 2015. House prices have increased by 32 per cent.

It is to be noted that these sales figures do not represent private sales. There has also been active selling of acreages in the Quatsino Sound area, which is in the Port Hardy real estate district.

Presently, there are 20 active listings in Port Alice: 13 condos for sale with list prices ranging from $59,000 to $165,000 and one house asking, $275,000. The remaining listings are lots at Alice Lake with list prices ranging from $117,000 to $179,000. The only commercial property for sale in Port Alice is the Quatsino Chalet, listed at $2,588,000.

If the average house price in BC is $737,834, according to the Western Investor, Port Alice homes are a remarkable bargain. With more baby-boomers retiring and living on a pension, the rise of the remote working economy, the town’s lack of contagious overcrowding and its distance from pandemic epicenters, the favorable food growing environment as well as the beautiful surroundings, Port Alice is quite an attractive place to live. It is hard to believe that only few years ago some residents were predicting that Port Alice would become a ghost town because it no longer had a large industrial employer.


Just Posted

North Island Gazette
EDITORIAL: What to do about homelessness in Port Hardy

‘people suffering from homelessness deserve to be treated with dignity and compassion’

North Island Eagles logo
North Island Eagles give update on the upcoming 2021-2022 season

The North Island Eagles minor rep hockey teams are getting ready for… Continue reading

Ma Murrays 2021 virtual ceremony screenshot
North Island Gazette wins big at 2021 Ma Murray Newspaper Awards

Zoe Ducklow and Bill McQuarrie both won gold at the online ceremony

Port Hardy council has agreed to cancel Canada Day celebrations in wake of the discovery of the remains of 215 children being found on the grounds of a former residential school. (North Island Gazette file photo)
Council votes to cancel Canada Day celebrations in wake of mass grave sites being found

Coun. Treena Smith made the motion for the chamber to not host Canada Day celebrations this year

Port Hardy Fire Rescue responded to an early morning fire around 3:50 a.m. on Sunday, June 13. Two porta-potties were on fire at the Visitor’s Centre on Hastings Street. Anyone with information is asked to contact the RCMP at 250-949-6335. (Port Hardy Fire Rescue photo)
Firefighters respond to early morning fire near visitor centre in Port Hardy

Two porta-potties were on fire at the Visitor’s Centre on Hastings Street

Maxwell Johnson is seen in Bella Bella, B.C., in an undated photo. The Indigenous man from British Columbia has filed complaints with the B.C. Human Rights Tribunal and the Canadian Human Rights Commission after he and his granddaughter were handcuffed when they tried to open a bank account. THE CANADIAN PRESS/HO-Heiltsuk Nation, Damien Gillis, *MANDATORY CREDIT*
VIDEO: Chiefs join human rights case of Indigenous man handcuffed by police in B.C. bank

Maxwell Johnson said he wants change, not just words, from Vancouver police

Amy Kobelt and Tony Cruz have set their wedding date for February, hoping that more COVID-19 restrictions will have lifted. (The Macleans)
B.C. couples ‘gambling’ on whether COVID rules will let them dance at their wedding

Amy Kobelt and Tony Cruz pushed back their wedding in hopes of being able to celebrate it without the constraints of COVID-19

A plane is silhouetted as it takes off from Vancouver International Airport in Richmond, B.C., May 13, 2019. THE CANADIAN PRESS/Jonathan Hayward
Report calls for airlines to refund passengers for flights halted due to COVID-19

Conclusion: federal help should be on the condition airlines immediately refund Canadian travellers

Green party Leader Annamie Paul speaks during a news conference on Parliament Hill in Ottawa on Tuesday, June 15, 2021. Paul has survived another day of party strife after a planned ouster shifted course, leaving her with a tenuous grip on power ahead of a likely federal election this year. THE CANADIAN PRESS/Justin Tang
Green Leader Annamie Paul blasts ‘racist,’ ‘sexist’ party execs who sought ouster

Fallout has continued, with two of the federal council’s members resigning

Provincial health officer Dr. Bonnie Henry says re-opening B.C.’s border to the U.S. ‘is not in our best interest’ right now. (B.C. Government photo)
Provincial health officer Dr. Bonnie Henry (B.C. Government photo)
B.C. records 113 new COVID-19 cases Wednesday, four deaths

Vaccination of young people rising quickly, near 75 per cent

Russian President Vladimir Putin, left, and U.S President Joe Biden shake hands during their meeting at the ‘Villa la Grange’ in Geneva, Switzerland in Geneva, Switzerland, Wednesday, June 16, 2021. (AP Photo/Alexander Zemlianichenko, Pool)
Biden says meeting with Putin not a ‘kumbaya moment’

But U.S. president asserted Russian leader is interested in improved relations, averting a Cold War

Marine biologist Rick Harbo pulls a lid from the Ladysmith harbour, which he uses to monitor the presence of native and non-native species in the Ladysmith harbour. (Cole Schisler photo)
Unidentified sponge may be the latest marine species invading Island harbour

Marine biologist finding dozens of alien species in warm-water Ladysmith Harbour, none threatening

Island Health is bringing a vaccination clinic to Lake Cowichan starting June 23. (Submitted)
Island Health opening COVID-19 vaccine clinic to boost lagging Cowichan Lake numbers

Cowichan Valley West the only Island area under 60 per cent in adult first dose totals

For more than a year, Rene Doyharcabal and a small group of neighbours in Langley’s Brookswood neighbourhood have been going out every evening to show support for first responders by honking horns and banging pots and drums. Now, a neighbour has filed a noise complaint. (Langley Advance Times file)
Noise complaint filed against nightly show of support for health care workers in B.C. city

Langley Township contacted group to advise of complaint, but no immediate action is expected

Most Read