- Active
#103 – 645 Selby Street
Nanaimo · Single Family
- Beds
- 2
- Baths
- 1
- Sqft
- 741
- Built
- 1995
Listed by REMAX Professionals (NA) · MLS® 1038626
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Sign inAbout this home
Own a piece of Nanaimo history in the heart of the vibrant Old City! Located in a charming building, this 1 bed + den condo offers incredible value for first-time buyers, investors, or commuters seeking an affordable Vancouver Island lifestyle. The den includes a closet and easily functions as a second bedroom or home office. Enjoy a full kitchen, in-suite laundry, secure entry, elevator access, and 1 parking stall. The building has recently completed a nearly $1M exterior deck renovation, giving the property a refreshed modern feel while preserving its character charm. Ideally situated in downtown Nanaimo, you’re steps to restaurants, shops, cafés, the seawall, and waterfront amenities. Under 5 minutes to Hullo Ferry, Harbour Air, and Helijet, making travel to Vancouver fast and convenient. At just $325,000, this is an excellent opportunity to enter the Nanaimo real estate market or secure a strong rental investment in a growing downtown core. Book your showing today!
Home facts
- Bedrooms
- 2
- Bathrooms
- 1 full
- Interior
- 741 sq ft
- Year built
- 1995
- Property type
- Single Family
- Area
- Old City
- Listed
- May 28, 2026
- Structure
- Apartment
- PID
- 023-189-207
- Common interest
- Condo/Strata
Highlights
- Waterfront
- In-suite laundry
Features and inclusions
- Heating
- Baseboard heaters
- Cooling
- None
- Parking
- Open
- Community
- Family Oriented, Pets not Allowed
Rooms and building
- Water
- Zoning
- Residential
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $1,493
- Property tax
- $92/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $1,735
Purchase snapshot
- List price
- $315,000
- Down payment
- $63,000 (20%)
- Estimated mortgage
- $252,000
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $2,303
- At 7.3118 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
For investors
As a rental
- Estimated rent
- $1,256 a month
- Gross yield
- 4.8%
Estimated rent from Statistics Canada rents for this area, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs.
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Climate
What the weather is like in Nanaimo
Ten year average, 2016–2025.
- Average temperature
- 10.4°C
- Daily mean across the year.
- Yearly precipitation
- 0 mm
- On the drier side for BC.
- Bright sunshine
- 1,940 h
- Hours of sun a year, 1981–2010 average.
Averaged from the last ten complete years of Environment Canada observations at the nearest principal station, so it reflects the climate as it is now rather than a thirty year normal. Bright sunshine is the exception: it is no longer measured at these stations, so that figure is the long term average.
Source: Environment and Climate Change Canada, monthly climate summaries
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Low risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Detached · 37%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.
