- Active
137 Pirates Lane
Protection Island · Single Family
- Beds
- 4
- Baths
- 3
- Sqft
- 2,609
- Built
- 2010
Listed by Pemberton Holmes Ltd. (Nanaimo) · MLS® 1040799
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Sign inAbout this home
A rare opportunity to create a remarkable family estate, vacation retreat, or legacy property on beautiful Protection Island. Offered together, 8 Pirate Place & the waterfront parcel at 137 Pirates Lane combine a custom-built Craftsman home with nearly half an acre of west-facing waterfront, creating an exceptional island lifestyle just minutes from downtown Nanaimo. The home at 8 Pirate Place showcases quality craftsmanship throughout, featuring a covered wrap-around veranda, hardwood floors, stone tile, custom millwork, Italian-inspired archways, vaulted ceilings, dormer windows, and multiple French doors that fill the home with natural light. The gourmet kitchen offers stainless steel appliances, a granite island, & walk-in pantry. Flexible living spaces include a generous recreation room with separate entrance, ideal for guests, a studio, home office, or family room. The primary bedroom features a spacious ensuite & private exterior access, while the upper level offers a loft, three additional bedrooms, & a full bathroom. A detached garage/workshop provides excellent storage & workspace. Enhancing the appeal of this offering is the separate waterfront parcel at 137 Pirates Lane, located across the street from the home. This nearly half-acre lot gently slopes to the shoreline offering beach access, spectacular sunsets, and views across Nanaimo Harbour toward Mt. Benson. The property presents an exceptional opportunity to enjoy waterfront ownership while living comfortably at 8 Pirate Place, or to explore the potential for future development on the waterfront lot. Protection Island offers beaches, parks, community events, tennis & pickleball courts, a community dock, and municipal water, sewer, & fire rescue services. Connected to downtown Nanaimo by passenger ferry, residents enjoy convenient access to Vancouver via Hullo, Harbour Air, Helijet, BC Ferries, & Nanaimo Airport. Protection Island is exempt from the BC Speculation and Vacancy Tax.2 title pkg
Home facts
- Bedrooms
- 4
- Bathrooms
- 3 full
- Interior
- 2,609 sq ft
- Year built
- 2010
- Parking
- 4
- Property type
- Single Family
- Garage
- Yes
- Area
- Protection Island
- Style
- Character
- Listed
- June 18, 2026
- Structure
- House
- PID
- 004-326-822
- Common interest
- Freehold
Highlights
- Ocean view
- Mountain view
- Waterfront
- City view
- High ceilings
- Meeting/Party Room
Features and inclusions
- Appliances
- Washer, Refrigerator, Dryer, See remarks
- Heating
- Heat Pump
- Cooling
- Air Conditioned
- Parking
- Garage
- Lot
- Cul-de-sac, Level lot, Park setting, Corner Site, Other
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
- $7,337
- Property tax
- $450/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $7,937
Purchase snapshot
- List price
- $1,548,000
- Down payment
- $309,600 (20%)
- Estimated mortgage
- $1,238,400
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
For investors
As a rental
- Estimated rent
- $2,052 a month
- Gross yield
- 1.6%
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.
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 · 34%
Who lives here
Documents
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