Rare ½-acre walk-on oceanfront property in Oyster Bay offering the quintessential Vancouver Island lifestyle with breathtaking views of the ocean, mountains, and nearby islands. Wake up to spectacular sunrises, spend your days kayaking from your own backyard, beachcombing the shoreline, watching eagles, whales, seals, and abundant marine wildlife, then unwind in the hot tub as the moon rises over the water. This beautifully updated home blends relaxed coastal charm with modern comfort, featuring fir kitchen cabinetry, newer appliances, a bright open-concept living space, and a stunning cascading patio door that creates seamless indoor-outdoor living right on the waterfront. French doors off the dining area lead to a private oceanview hot tub—perfect for entertaining or quiet evenings by the sea. Recent upgrades include a new septic system (2021), heat pump with A/C, windows, flooring, and a renovated bathroom with heated floors. Outside, enjoy beautifully landscaped grounds with irrigation, a firepit area, fenced space for pets or children, and ample parking for vehicles, RVs, and boats. The fully self-contained lower suite is currently operating as a successful turnkey vacation rental with the potential to generate $40,000+ annually, making this an exceptional opportunity for those seeking both an incredible lifestyle and a strong income-producing investment. Whether you're searching for a full-time waterfront residence, multigenerational living, or a high-demand West Coast getaway, this property offers a rare combination of natural beauty, comfort, and revenue potential. See Feature Sheet! (id:62865)