- Active
#206 – 158 Promenade Drive
Nanaimo · Single Family
- Beds
- 2
- Baths
- 2
- Sqft
- 1,072
- Built
- 1994
Listed by Royal LePage Nanaimo Realty (NanIsHwyN) · MLS® 1049036
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Sign inAbout this home
Ocean views every morning and the Nanaimo seawall right outside your front door? You don't have to just picture it, you can make it your reality! Welcome to 206-158 Promenade Drive in the popular Gabriola building on Cameron Island. If you are planning to downsize, invest, or simply want an easy lock and go home where you can walk everywhere, this bright 2 bedroom, 2 bathroom condo offers an incredible combination of location, space, and value. The 1,072 sq ft floor plan is open and full of natural light thanks to huge windows in the living and dining areas. It is an ideal setup for kicking back at the end of the day or having company over. The functional kitchen gives you plenty of cabinetry and counter room, making meal prep a breeze. For your private retreat, the primary bedroom includes a full ensuite and double closets. The second bedroom and guest bath sit on the opposite side of the unit, creating ideal separation for visitors, a home office, or a craft space. Plus, two ductless heat pumps added in 2023 keep you cool all summer and offer cost effective heating in the winter! The Gabriola building itself is a huge bonus. Solid concrete construction provides excellent soundproofing, privacy, and peace of mind, alongside a welcoming community atmosphere. It is also pet friendly (one dog or one cat permitted, see bylaws), which isn't always easy to find along the water. Secure underground parking and a well managed strata complete the package. The location speaks for itself. You are just steps from the marina, local cafes, waterfront dining, the Port Theatre, and downtown shopping. Solid concrete quality, ocean views, and harbourfront living, all for $539,900! If you would like to come take a look and see if the space feels like a good fit, feel free to give Chris Carter at Royal LePage Nanaimo Realty a call directly, or have your realtor set up a private walkthrough. I am always happy to answer any questions or show you around the neighborhood!
Home facts
- Bedrooms
- 2
- Bathrooms
- 2 full
- Interior
- 1,072 sq ft
- Lot size
- 1,072 sq ft
- Year built
- 1994
- Parking
- 1
- Property type
- Single Family
- Fireplace
- 1
- Area
- Old City
- Style
- Contemporary
- Listed
- September 8, 2026
- Structure
- Apartment
- PID
- 018-646-191
- Common interest
- Condo/Strata
Highlights
- Ocean view
- Mountain view
- Waterfront
- Underground parking
Features and inclusions
- Appliances
- Washer, Refrigerator, Dishwasher, Dryer, Microwave
- Heating
- Heat Pump, Baseboard heaters
- Cooling
- Air Conditioned
- Parking
- Underground
- Lot
- Other
- Community
- Family Oriented, Pets Allowed With Restrictions
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
- $2,512
- Property tax
- $158/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $2,820
Purchase snapshot
- List price
- $529,900
- Down payment
- $105,980 (20%)
- Estimated mortgage
- $423,920
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
- $3,875
- 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
- $1,520 a month
- Gross yield
- 3.4%
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 · 37%
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.