OPEN HOUSE SATURDAYS AND SUNDAYS 11-12:30. We are excited to showcase The 1615 Residences, an exciting eleven town home development in Central Nanaimo. These thoughtfully designed, quality constructed homes offer modern comforts in an easy-to-maintain setting: lock the door and venture out to enjoy Vancouver Island's natural beauty. The location is a few minutes from Departure Bay beach, Nanaimo's famous waterfront promenade, restaurants, and cafes, plus you are close to Nanaimo Hospital, grocery stores, parks, and ferry terminal. Your modern living includes 1900+ sf of living space, 3 bedrooms and 4 bathrooms, vinyl plank flooring, contemporary colours and finishes, ductless heat pumps, hardi-plank exteriors, decks, gardens, a single car garage (with EV rough-in plus driveway for parking. Excellent features on the main level include a large, deep peninsula kitchens, adjoining family/dining room, and living room with gas fireplace. The upper level features vaulted ceilings for optimal natural light, two spacious bedrooms with ensuite and 2nd full bathroom. The lower level is designed in a lock-off style with the 3rd bedroom, 3 piece ensuite, room for a undercounter fridge/bar, and slider onto the rear patio. All measurements approx. and should be verified if important.
Property details
3
Beds
4 full
Baths
1,963 ft²
Floor area
2026
Year built
2
Parking
$425/mo
Strata fee
Location & structure
Single Family
Type
1
Fireplace
Central Nanaimo
Area
Listed
June 19, 2026
Structure
Row / Townhouse
PID
032-806-264
Property highlights
Waterfront
Patio
High ceilings
Fireplace
Features & inclusions
Appliances
Washer, Refrigerator, Dryer
Heating
Heat Pump, Baseboard heaters, Forced air, Electric, Natural gas
Cooling
Air Conditioned
Lot
Central location, Southern exposure, Other
Community
Family Oriented, Pets Allowed With Restrictions
Additional details
Common interest
Condo/Strata
Listed by REMAX Professionals (NA). Last updated Jul 7, 2026, 9:50 AM.
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.
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $129,980 down (20%) on $649,900, Canadian semi-annual compounding. Property tax sourced from listing. Strata fee sourced from listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Inventory mix
What this area trades in
Within 3 km of this listing · 244 listings
Detached
101
41.4%
Condo / Apartment
50
20.5%
Land
36
14.8%
Townhouse
36
14.8%
Duplex
10
4.1%
Other
11
4.5%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Nanaimo · 180 dwellings
Single-detached90 · 50.0%
Apartment in duplex35 · 19.4%
Row house20 · 11.1%
Low-rise apartment20 · 11.1%
Semi-detached10 · 5.6%
Other single-attached5 · 2.8%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59210330· Nanaimo· Transit 5/100· 0.58 km²
Median rent here
$1,440
Owner shelter cost
$1,220
Renters
35.3%
30%+ on shelter
14.7%
Population (2021)
582
Median age
54.0
Avg household size
2.5
Avg household income
$103,000
Renters
35.3%
Owners
64.7%
Immigrants
10.8%
Post-secondary
53.3%
Avg home value
$550,000
Single status
23.5%
Not in labour force
29.3%
Households with kids
35.1%
Median rent
$1,440
Owner shelter cost
$1,220
30%+ on shelter
14.7%
Breakdown
$20,000 to $24,999
10
5.6%
$25,000 to $29,999
5
2.8%
$30,000 to $34,999
5
2.8%
$40,000 to $44,999
5
2.8%
$45,000 to $49,999
10
5.6%
$50,000 to $59,999
15
8.3%
$60,000 to $69,999
20
11.1%
$70,000 to $79,999
15
8.3%
$80,000 to $89,999
15
8.3%
$90,000 to $99,999
5
2.8%
$100,000 to $124,999
20
11.1%
$125,000 to $149,999
15
8.3%
$150,000 to $199,999
30
16.7%
$200,000 and over
10
5.6%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59210330).
Market story
Rent in Nanaimo
Census 2021 avg $1,440/mo here · Vancouver 3BR rent (est) trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
CMHCBritish Columbia outlook
British Columbia’s labour market expected to recover in 2026, but demographic factors will weigh on housing markets
British Columbia’s (B.C.) economy is expected to improve in 2026 after limited growth in 2025. As forecasted in our Housing Market Outlook summer 2025 update, a weak labour market and trade volatility were the main factors impacting B.C.’s economy in 2025.
From the CMHC Housing Market Outlook 2026 · Jan 2026
