- Active
137 Pirates Lane
Protection Island · Vacant Land
- Lot size
- 19,600 ft²
Listed by Pemberton Holmes Ltd. (Nanaimo) · MLS® 1040939
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Sign inAbout this home
West-facing waterfront lot with beach access on beautiful Protection Island, just minutes from downtown Nanaimo. This almost 1/2 acre property is level with the road and gently slopes down to the water with tiered landscaping & stone steps. Easy access to the Community Dock & Pirates Park. Enjoy scenes of Nanaimo's inner harbour and nightly sunsets over Mt. Benson. One of the few available waterfront lots with southwestern exposure and sheltered from strong winds. Protection Island is serviced by Nanaimo's municipal water, sewer, Fire & Rescue. The island is connected to downtown Nanaimo by regular scheduled foot passenger ferry. Quick & convenient access to Vancouver from Nanaimo via Harbour Air Seaplanes, Helijet, NEW Hullo Fast-Ferry Service, BC Ferries & Nanaimo Airport. *Protection Island is EXEMPT from BC's Speculation Tax*
Home facts
- Lot size
- 19,600 sq ft
- Parking
- 4
- Property type
- Vacant Land
- Area
- Protection Island
- Listed
- June 18, 2026
- PID
- 004-326-822
- Common interest
- Freehold
Highlights
- Ocean view
- Mountain view
- Waterfront
- City view
Features and inclusions
- Lot
- Park setting, Private setting, Other, Marine Oriented
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
- $3,076
- Property tax
- $192/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $3,418
Purchase snapshot
- List price
- $649,000
- Down payment
- $129,800 (20%)
- Estimated mortgage
- $519,200
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
- $1,064 a month
- Gross yield
- 2.0%
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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