$699,000 GREY
6217 Bligh Rd, West Sechelt
2 bd · 2.0 ba · 1,382 sqft
· 17,244 sqft lot
· built 1993
· 16 DOM · MLS R3164439
TenantedOcean view
Listing: Redfin search · fetched 2026-09-27T19:15
Description
Peaceful, private & sun-drenched south-facing property offering ocean views, an updated main home + separate cottage, set on a gently sloping 0.4 acre parcel tucked away at the end of the road. The inviting one-level main home features 2 beds/2 baths & flex space for a potential 3rd bedroom. Generous living areas, vaulted ceilings, skylights & abundant natural light create a lovely bright space. The natural gas fireplace & forced-air heating keep the home warm & comfortable while the enclosed sun porch offers a wonderful place to relax, read or create. The detached 1 bed/ 1 bath cottage provides a comfortable & private space for guests or rental income. O
From listing remarks (Royal LePage Sussex)
The four tests
Equity — FAIL
(price + $40,000 reno + $5,000 closing) <= 85% x ARV
all-in = $749,000 + $40,000 + $5,000 = $794,000
ARV = $745,589 → limit = 85% × ARV = $633,751
margin = $-160,249
Rent — FAIL
est. rent >= 0.40% x ARV
est. rent = $2,460/mo (whole house (2bd) $2,460)
floor = 0.4% × ARV $745,589 = $2,982/mo
rents table: Sechelt · as of 2026-08-02
Cash flow — FAIL
rent - carrying >= -800/mo (PM-managed, typical rent, at ask)
payment $3,001 (loan $599,200 @ 4.4%/30y)
+ tax $428 (mls) + ins $158 + maint $123 + vac $148 + PM $221
carrying = $4,079/mo · rent $2,460 → cash flow = $-1,619/mo (floor $-800)
Suite-arb — FAIL
zone permits suite AND sqft >= 1,900 AND no suite language AND $/sqft < community median
zone R-2 suite:yes · sqft 1,382 (min 1,900)
suite language: no · $/sqft 542 vs median 489
Scored 2026-08-03T06:55 · thresholds from criteria.yaml
Cash-flow scenarios $/mo · hover a cell for carrying cost
| Price | $2,460 typical self-managed |
$2,460 typical PM |
$2,829 high self-managed |
$2,829 high PM |
|---|---|---|---|---|
| $699,000 | −$1,197 | −$1,419 | −$869 | −$1,123 |
| $664,050 −5.0% | −$1,057 | −$1,279 | −$729 | −$983 |
| $639,585 −8.5% | −$959 | −$1,181 | −$631 | −$885 |
Rents: rents.yaml as of 2026-08-02 · financing from criteria.yaml
Comps & ARV
ARV $745,589
median $/sqft of 4 renovated solds within 3.0km (4 priced from final list — registration lag) · confidence medium
($/sqft used: 540)
| Sold | Dist | Sqft | Price | $/sqft | Date | Reno |
|---|---|---|---|---|---|---|
| 6242 Norwest Bay Rd | 0.32 km | 1,707 | ~$672,169 | 394 | 2025-10-19 | ✓ |
| 5641 Nickerson Rd | 0.92 km | 1,487 | ~$806,602 | 542 | 2026-03-06 | ✓ |
| 6307 Homestead Ave | 0.93 km | 1,403 | ~$777,272 | 554 | 2026-01-24 | ✓ |
| 5726 Emily Way | 1.23 km | 1,360 | ~$730,342 | 537 | 2026-03-16 | ✓ |
| ~ = final list price × measured sale ratio (BC title registration lags ~3 years, so recent solds have no registered price; the proxy is within ~2% of the registered price when both exist) | ||||||
Solds from Redfin sold-search + public-records sale prices (belowTheFold)
Price & sale history
Seller basis: $700,000, 2021-09-09 — asking -0.1%
| 2026-09-11 | relist | time-on-market reset — relisted |
| 2026-09-11 | price_cut | 749000 → 699000 -6.7% |
| 2026-09-09 | delisted | absent from search results |
| 2026-08-03 | new | 749000 first seen at $749,000 |
| 2026-07-31 | Price Changed | $749,000 GVR |
| 2026-06-12 | Price Changed | $765,000 GVR |
| 2026-05-28 | Price Changed | $789,000 GVR |
| 2026-04-30 | Listed | $825,000 GVR |
| 2021-09-09 | Sold (Public Records) | $700,000 Public Records |
| 2021-07-17 | Listed | $649,900 GVR |
| 2003-07-31 | Sold (Public Records) | $175,000 Public Records |
| 2003-02-03 | Listed | $179,000 GVR |
History: Redfin belowTheFold · fetched 2026-08-03T05:45
· events observed by Coastwatch
Zoning & land
R-2 — Low Density Residential suite OK
Areas B/D/E/F: single-unit dwelling zone, so a suite is permitted (watch the wastewater service area carve-out), plus an auxiliary dwelling unit over 2000 m2 and an additional single-unit or two-unit dwelling over 3500 m2. Area A: over 2000 m2 gets a duplex second unit OR one auxiliary dwelling unit, over 4000 m2 a second single-unit dwelling; max 2 units. Sechelt R-2: secondary suite plus SSMUH — up to 4 units where BOTH community water and sanitary sewer are present, otherwise 900 m2 for a detached accessory dwelling unit. [Bylaw 722.9 s.7.2.2, s.5.24; Bylaw 337 s.611.1-611.2; Bylaw 580 s.1.2.2-1.2.5]
| PID | 017-638-844 |
|---|---|
| Parcel | 6217 BLIGH RD (Sechelt) |
| Wastewater | District of Sechelt sewer service |
| Water | Chapman system |
| Fire protection | Sechelt FPA |
District of Sechelt Zoning Bylaw 580 (gis.sechelt.ca) · fetched 2026-08-03T05:46 · meanings from zoning_rules.yaml (verify before relying)
Assessment
| Assessed total | $790,000 |
|---|---|
| Land / improvements | $620,000 / $170,000 (78% land — the higher, the more the value is in the dirt) |
| Assessed / ask | 1.13 asking under assessment |
| BCA folio | 570.06350.300 |
BC Assessment via SCRD parcel layer · fetched 2026-08-03T05:55
Open questions
- Tenancy: fixed-term or month-to-month? Current rent? BC notice rules will govern possession.