3 1002 Peninsula Rd

About this home

The Orca Suite at Terrace Beach offers a rare opportunity to own a turnkey, affordable West Coast investment property under $500K in one of Vancouver Island’s most iconic coastal destinations. This charming 1-bedroom upper-boardwalk suite—recently refreshed with a newly updated bathroom and kitchenette— sleeps four and features signature post-and-beam accents, an electric fireplace, and modern amenities. Situated in the historic Terrace Beach Resort (formerly owned by Jason Priestley), the property has benefited from extensive recent building-wide renovations, including structural upgrades and new cedar walkways. Steps from the world-renowned Wild Pacific Trail and the rugged shoreline, this suite is perfectly positioned for premier beachcombing, paddleboarding, and kayaking. With flexible CS-5 zoning allowing for self-management or professional hire, this is a high-potential revenue generator located just 3 minutes from Ucluelet’s vibrant cafés and breweries and a short drive to Tofino. (id:65179)

Property details

From the listing's public record.

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

1. Mar 19, 2026

   Listed $495,000

   Active102 days on marketMLS 1028774

Current market in Ucluelet

Buyer's market — 20 months of supply at the current sales pace.

Assessment

From publicly available property records.

Local price trend

How Ucluelet has moved over the last decade.

• 1202-596 Marine Dr

  $290,000

  — · 1 ba · 475 sqft · $611/sqft · 166 days on market

  Sold Jun 19, 2026 · 97% of list

• 1601-596 Marine Dr

  $480,000

  1 bd · 1 ba · 823 sqft · $583/sqft · 36 days on market

  Sold Jun 16, 2026 · 96.2% of list

• 13-203 Boardwalk Blvd

  $755,000

  2 bd · 2 ba · 1,162 sqft · $650/sqft · 79 days on market

  Sold Jun 16, 2026 · 96.9% of list

• 201-1683 Larch Rd

  $670,000

  2 bd · 2 ba · 968 sqft · $692/sqft · 522 days on market

  Sold Jun 12, 2026 · 96.4% of list

• 107-250 Hemlock St

  $425,000

  2 bd · 1 ba · 779 sqft · $546/sqft · 33 days on market

  Sold May 21, 2026 · 98.8% of list

• 1602-596 Marine Dr

  $350,000

  — · 1 ba · 473 sqft · $740/sqft · 80 days on market

  Sold Apr 16, 2026 · 97.5% of list

• 2004-596 Marine Dr

  $290,000

  — · 1 ba · 507 sqft · $572/sqft · 255 days on market

  Sold Feb 16, 2026 · 96.7% of list

• 203-250 Hemlock St

  $414,000

  2 bd · 1 ba · 790 sqft · $524/sqft · 45 days on market

  Sold Feb 5, 2026 · 89% of list

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