Nanaimo · V9T1J5
$9,859/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Rarely does an opportunity like this become available in one of Nanaimo's most sought-after neighbourhoods. Situated on an impressive 0.88-acre gently sloping lot in desirable Departure Bay, this property offers stunning south-facing views over Departure Bay and exceptional development potential. With approximately 470 feet of road frontage along King Richard Drive, Rose Ann Drive, and Lincoln Green Place, the possibilities are endless. The existing four-bedroom home is positioned at one end of the property, providing comfortable living or rental income while you plan for the future. Enjoy a prime location close to Departure Bay Beach, schools, parks, shopping, and everyday amenities. Large ocean-view parcels with this size, frontage, and future potential are incredibly rare—don't miss this exceptional opportunity. All data and measurements are approximate and must be verified if fundamental.
4
Beds
2 full
Baths
1,822 ft²
Floor area
1966
Year built
4
Parking
$5,500/yr
Gross tax
Single Family
Type
3
Fireplaces
Departure Bay
Area
Listed
July 9, 2026
Structure
House
PID
002-754-371
Property highlights
Ocean view
Features & inclusions
Heating
Forced air, Oil
Cooling
None
Lot
Southern exposure, Corner Site, Other
Common interest
Freehold
Nearby & Commute
31 min
walk to Save-On-Foods
9 min
bike to Departure Bay Berth 3 (Foot Access)
31 min
walk to Departure Bay Berth 3 (Foot Access)
2h 30m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 64%
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A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$9,859
Principal and interest
Calculated estimate
$9,251
Property tax
Listing data
$458/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$2,000,000
Down payment
Calculated estimate
$400,000 (20%)
Estimated mortgage
Calculated estimate
$1,600,000
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Tax from listing
Est. monthly total
$9,859
/mo
Rate
%
Amortization
Principal and interest
$9,251
Property tax
$458
P&I
Tax
Down payment
$400,000 (20%)
Get Pre-Approved
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $400,000 down (20%) on $2,000,000, Canadian semi-annual compounding. Property tax sourced from listing. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
| Detached | 110 | 63.6% |
| Townhouse | 21 | 12.1% |
| Condo / Apartment | 19 | 11.0% |
| Land | 18 | 10.4% |
| Duplex | 3 | 1.7% |
| Other | 2 | 1.2% |
| Under $5,000 | 5 | 0.9% |
| $15,000 to $19,999 | 5 | 0.9% |
| $20,000 to $24,999 | 10 | 1.8% |
| $25,000 to $29,999 | 10 | 1.8% |
| $30,000 to $34,999 | 15 | 2.8% |
| $35,000 to $39,999 | 15 | 2.8% |
| $40,000 to $44,999 | 10 | 1.8% |
| $45,000 to $49,999 | 20 | 3.7% |
| $50,000 to $59,999 | 30 | 5.5% |
| $60,000 to $69,999 | 30 | 5.5% |
| $70,000 to $79,999 | 35 | 6.4% |
| $80,000 to $89,999 | 30 | 5.5% |
| $90,000 to $99,999 | 35 | 6.4% |
| $100,000 to $124,999 | 75 | 13.8% |
| $125,000 to $149,999 | 65 | 11.9% |
| $150,000 to $199,999 | 85 | 15.6% |
| $200,000 and over | 70 | 12.8% |
$1,999,000
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2 ba
1,974 sqft
$947/sqft
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MLS® R3038084
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40251 KALODON Road
Squamish · Residential
4 bd
2 ba
2,018 sqft
$922/sqft
Built 1965
MLS® R3143618
Rennie & Associates Realty Ltd.
