- Active
2025 Northfield Road
Nanaimo · Vacant Land
- Lot size
- 8,712 ft²
- Built
- 1913
Listed by REMAX Professionals (NA) · MLS® 1052120
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Sign inAbout this home
0.2 ACRE OF OPPORTUNITY IN THE HEART OF CENTRAL NANAIMO! Attention builders, developers & investors: This generous 8,712 sq ft lot is priced to sell & offers exciting redevelopment potential with zoning allowing consideration of up to 4 dwelling units without rezoning (subject to City approval). Need inspiration? The neighbouring property is the same lot size and has already been developed with a triplex! Rear alley access adds flexibility for future development, ideal for off street parking. The existing cottage built in approx. 1913 is considered a teardown, with value primarily in the land for higher density potential. Serviced by city water & sewer with gas & hydro already to lot. This is an unbeatable central location for families, just a 1-minute walk to Forest Park elementary off the alley & walkable to Beban Park's ice rinks, pool, golf, sports fields, pickleball & BMX park. Nearby to the hospital plus some of Nanaimo's favorite restaurants & shopping. 2025 Northfield Road benefits heavily from the city's massive Midtown Gateway Infrastructure Project which recently overhauled the nearby intersection with multi-use paths, better pedestrian safety boundaries, while vehicle and bike commuting remains quick with access to the Parkway and Island Highway within minutes (and their parallel flowing paved bike paths). See the potential and bring your vision! PLEASE DO NOT WALK LOT WITHOUT PRIOR APPROVAL/AGENT PRESENT. OFFEERED FOR SALE AS IS WHERE IS. Cottage interior available for viewing with precaution. Rear shed built overtop of decommissioned well. View video & info package at www.TeamInvestWest.com. Contact Mandy Colford & Shayna Beute of Team Invest West, RE/MAX Professionals for a private tour or questions. Call/Text 250-739-5678
Home facts
- Lot size
- 8,712 sq ft
- Year built
- 1913
- Parking
- 2
- Property type
- Vacant Land
- Fireplace
- 1
- Area
- Central Nanaimo
- Style
- Cottage
- Listed
- October 14, 2026
- PID
- 000-023-027
- Common interest
- Freehold
Highlights
- Pool
Features and inclusions
- Appliances
- Washer, Refrigerator, Range - Electric, Dryer
- Heating
- Baseboard heaters, Electric
- Cooling
- None
- Parking
- Open, Street
- Lot
- Central location, Level lot, Southern exposure, Wooded area, Other, Rectangular, 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
- $1,895
- Property tax
- $117/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $2,162
Purchase snapshot
- List price
- $399,900
- Down payment
- $79,980 (20%)
- Estimated mortgage
- $319,920
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
- $2,924
- 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
- $1,020 a month
- Gross yield
- 3.1%
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 · 48%
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.
