- Active
150 Rainbow Crescent
Nanaimo · Single Family
- Beds
- 4
- Baths
- 4
- Sqft
- 3,055
- Built
- 1997
Listed by Royal LePage Nanaimo Realty (NanIsHwyN) · MLS® 1048308
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Sign inAbout this home
Perched in popular Long Lake Heights, this beautifully renovated West Coast-style home offers breathtaking lake and mountain views from nearly every room. Designed to impress, it features three levels of south-facing decks—perfect for morning coffee or hosting guests while taking in the stunning outlook over Long Lake and Mt. Benson. The main living area is truly striking, with vaulted ceilings, dark hardwood floors, and a feature fireplace that creates warmth and ambiance. The space flows seamlessly into a bright, updated kitchen with white cabinetry, beautiful stone countertops, new appliances, pantry, and an eating nook. Just off the entry, a separate dining room is ideally positioned adjacent to the living area, offering a more formal space for entertaining. A spacious flex room with its own exterior access, wine room and sauna complete this level. At the top of the curved staircase, the private primary suite feels like a luxury hotel retreat, with a soaker tub overlooking the view, a separate shower room, and its own private deck with incredible lake views. The lower level includes two additional bedrooms with access to a full bath and yet another deck, plus a self-contained 1-bedroom in-law suite with its own deck and separate laundry, ideal for guests or extended stays. Outside, the low-maintenance yard means you can spend more time enjoying the views and less time on upkeep, no weekends lost to yard work. Visitor parking is conveniently located right across the street for added ease when hosting. Additional highlights include a brand new roof, heat pump and air purification system, level driveway, double garage, and a massive workshop and storage area below. Quietly tucked away yet centrally located, this unique home offers easy access to shopping, parks, ferry terminals, and downtown amenities. A rare opportunity to own a distinctive property in one of Nanaimo’s most popular neighbourhoods. All measurements are approximate. Verify if important.
Home facts
- Bedrooms
- 4
- Bathrooms
- 4 full
- Interior
- 3,055 sq ft
- Lot size
- 5,774 sq ft
- Year built
- 1997
- Parking
- 4
- Property type
- Single Family
- Garage
- Yes
- Fireplace
- 1
- Area
- Uplands
- Style
- Westcoast
- Listed
- September 1, 2026
- Structure
- House
- PID
- 000-267-520
- Common interest
- Condo/Strata
Highlights
- Mountain view
- Sauna
- Double garage
- High ceilings
- Fireplace
Features and inclusions
- Heating
- Heat Pump, Baseboard heaters, Forced air, Electric
- Cooling
- Air Conditioned
- Parking
- Attached Garage, Garage, Open, Visitor Parking
- Lot
- Central location, Hillside, Private setting, Southern exposure, Sloping, Other, Rectangular
- Community
- Family Oriented, Pets 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
- $5,048
- Property tax
- $308/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $5,506
Purchase snapshot
- List price
- $1,065,000
- Down payment
- $213,000 (20%)
- Estimated mortgage
- $852,000
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
- $7,787
- 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
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 · 45%
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.