Vancouver Island Foreclosure Homes for Sale Listings

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101 McKay Cres

Port Alice V0N 2R0

$145,000

Single Family beds: 3 baths: 1.0 1,284 sq. ft. built: 1968

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Single Family

MLS® Num:

1022134

Bedrooms:

3

Bathrooms:

1

Year Built:

1968

• Photos (20)

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in-person virtual

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Ocean View Penthouse – Foreclosure Opportunity. 3-bedroom penthouse townhome/condo offers sweeping ocean and mountain views along with a rare sense of privacy. The home features its own private courtyard, balcony, and garage, creating a retreat-like feel within a strata setting. The single-level, open-concept layout provides a bright and spacious atmosphere. Information available from the strata plan and records indicates thermal windows, oak flooring in the living area, and laminate flooring throughout the remainder of the home. The kitchen is described as modern and efficient with a designated dining area. French doors from both the living room and the primary bedroom open onto the balcony, allowing you to fully enjoy the ocean and mountain views. The property has been represented as having numerous updates and is positioned as a penthouse-style unit offering privacy and character. Important Notice: This is a court-ordered foreclosure sale. The owner is not cooperating, and all information has been obtained from the strata plan and available records only. Buyers must verify all details independently, including measurements, layout, condition, and permitted use. The property is being sold “as is, where is.” (id:2493)

General Info:

Property Type:

Single Family

Common Interest:

Condo/Strata

Property Attached:

Yes

Total Living Area:

1,284 sq. ft.119 m2

Finished Area Above Grade:

1,284 sq. ft.119 m2

Zoning:

Multi-Family

Association Fee:

388.0

Association Fee Frequency:

Monthly

Taxes:

$1,634 / -

Amenities:

Community:

Port Alice

Community Features:

Family Oriented, Pets Allowed With Restrictions

View:

Mountain view, Ocean view

Building:

Structure Type:

Row / Townhouse

Bedrooms:

3

Bathrooms:

1.0

Cooling:

None

Fireplace:

No

Heating:

Baseboard heaters, Electric

Land:

Lot Features:

Other

Parking Spaces:

Parking:

Garage

Total Parking Spaces:

1

Room Information:

Floor

Type

Size

Other

Main level

Primary Bedroom

17'5.18 m × 10'3.05 m

-

Main level

Living room

19'5.79 m × 15'4.57 m

-

Main level

Kitchen

10'3.05 m × 8'2.44 m

-

Main level

Dining room

10'3.05 m × 8'2.44 m

-

Main level

Bedroom

12'3.66 m × 9'2.74 m

-

Main level

Bedroom

12'3.66 m × 10'3.05 m

-

Bathrooms:

Floor

Ensuite

Pieces

Other

Main level

No

-

4-Piece

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Listed by Sutton Group-West Coast Realty (Nan)

Data was last updated January 11, 2026 at 12:15 PM (UTC)

Area Statistics

Listings on market:

15

Avg list price:

$350,000

Min list price:

$89,900

Max list price:

$537,000

Avg days on market:

86

Min days on market:

2

Max days on market:

331

Avg price per sq.ft.:

$260.42

These statistics are generated based on the current listing's property type and located in Port Alice. Average values are derived using median calculations. This data is not produced by the MLS® system.

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• Sam Huang
• RE/MAX Select Properties
• 1 (778) 991-0649
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About Foreclosure listings

There are many names for a Foreclosure home. Many people call it foreclosed home, foreclosure home, bank repossessed house, or Court Ordered Sale. They mean the same thing. So what exactly does foreclosure mean?

In its simplest meaning, the word foreclosure means to deprive a borrower (in default) of the right to redeem the mortgaged property. In a way, it’s like a divorce proceeding – the borrower and lender under a mortgage go their separate way.

Foreclosure home sale is very different from a regular home sale. If you need an experienced Vancouver Realtor to guide you through the process, please let me know.

What is the process of Foreclosure in BC Canada?

See below simplified steps in a Foreclosure proceeding to find out how foreclosure works in BC.

1. Demand letter. 
2. Petition. 
3. Order Nisi. 
4. Judicial Sale. 
5. Order Made After Application.

To see the detailed steps in a foreclosure proceeding. Please let me know.

Please note that this blog is for information only. Buyers & Sellers are advised to obtain independent legal advice before buying or selling a real estate property.

Here’s a simple guide on how to buy a Foreclosure Home in BC

1. Search Foreclosure Listings BC
2. Find a Realtor to write an offer.
3. Review the Schedule A with the Realtor. Schedule A contains clauses that specifically protect the lender. The buyers must be aware that they are accepting the property “as is” and must sign this schedule to have their offer accepted by the lender.
4. Acceptance of the offer. The offer may have conditions precedent, and it is advisable that the offer is left open for acceptance for a period of two or three days.
5. The hearing of the application for order approving the sale.
6. Completion of the sale.

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