Comfort and convenience await you in this bright and inviting third floor corner unit condo. The functional layout is thoughtfully designed to maximize space, featuring an open living dining room area, 2 generously sized bedrooms, and ample storage throughout. A convenient laundry room with full-sized washer and dryer and the spacious entryway with large closets provide ample storage. The building offers an accessible entrance and elevator for convenience, and has an amenities room should you want to entertain a larger group. The location can't be beat; close to shopping, recreation and transit, just minutes from everywhere you'll want to be. Complete with a dedicated parking stall and additional storage locker, this fantastic and affordable condo checks all the boxes.
Property details
2
Beds
1 full
Baths
973 ft²
Floor area
1993
Year built
2
Parking
$440/mo
Strata fee
$2,550/yr
Gross tax
Location & structure
Single Family
Type
Central Nanaimo
Area
Listed
June 24, 2026
Structure
Apartment
PID
018-719-490
Property highlights
Storage locker
Features & inclusions
Appliances
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer
Heating
Baseboard heaters
Cooling
None
Parking
Open
Lot
Central location, Other
Community
Family Oriented, Pets Allowed With Restrictions
Additional details
Common interest
Condo/Strata
Listed by Royal LePage Nanaimo Realty (NanIsHwyN). Last updated Jun 25, 2026, 12:10 PM.
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.
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Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $74,980 down (20%) on $374,900, Canadian semi-annual compounding. Property tax sourced from listing. Strata fee sourced from 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.
Inventory mix
What this area trades in
Within 3 km of this listing · 239 listings
Detached
97
40.6%
Condo / Apartment
46
19.2%
Land
44
18.4%
Townhouse
27
11.3%
Duplex
10
4.2%
Other
15
6.3%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Nanaimo · 770 dwellings
Low-rise apartment525 · 68.2%
Row house155 · 20.1%
Single-detached60 · 7.8%
Apartment in duplex25 · 3.2%
Semi-detached5 · 0.6%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59210473· Nanaimo· Transit 5/100· 0.37 km²
Median rent here
$1,400
Owner shelter cost
$1,280
Renters
73.5%
30%+ on shelter
43.2%
Population (2021)
1,293
Median age
39.2
Avg household size
1.7
Avg household income
$64,600
Renters
73.5%
Owners
26.4%
Immigrants
16.3%
Post-secondary
51.0%
Avg home value
$360,000
Single status
33.8%
Not in labour force
39.4%
Households with kids
13.0%
Median rent
$1,400
Owner shelter cost
$1,280
30%+ on shelter
43.2%
Breakdown
Under $5,000
10
1.3%
$5,000 to $9,999
5
0.7%
$10,000 to $14,999
5
0.7%
$15,000 to $19,999
30
3.9%
$20,000 to $24,999
50
6.5%
$25,000 to $29,999
40
5.2%
$30,000 to $34,999
45
5.9%
$35,000 to $39,999
60
7.8%
$40,000 to $44,999
40
5.2%
$45,000 to $49,999
45
5.9%
$50,000 to $59,999
95
12.4%
$60,000 to $69,999
80
10.5%
$70,000 to $79,999
45
5.9%
$80,000 to $89,999
60
7.8%
$90,000 to $99,999
35
4.6%
$100,000 to $124,999
55
7.2%
$125,000 to $149,999
30
3.9%
$150,000 to $199,999
25
3.3%
$200,000 and over
10
1.3%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59210473).
Market story
Rent in Nanaimo
Census 2021 avg $1,400/mo here · Vancouver 2BR rent trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
CMHCBritish Columbia outlook
British Columbia’s labour market expected to recover in 2026, but demographic factors will weigh on housing markets
British Columbia’s (B.C.) economy is expected to improve in 2026 after limited growth in 2025. As forecasted in our Housing Market Outlook summer 2025 update, a weak labour market and trade volatility were the main factors impacting B.C.’s economy in 2025.
From the CMHC Housing Market Outlook 2026 · Jan 2026
