- Active
#303 – 2560 Departure Bay Road
Nanaimo · Single Family
- Beds
- 2
- Baths
- 2
- Sqft
- 1,116
- Built
- 1982
Listed by Sutton Group-West Coast Realty (Nan) · MLS® 1050895
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Sign inAbout this home
Imagine every morning you can wake up and lounge on your personal panoramic ocean view balcony. Large ships, sail boats, ferries and floats planes pass night and day. The complex is a few blocks away from departure Bay beach , enjoy strolling the walkway, paddle boarding swimming and more. Boutique coffee shop, restaurants, shopping and all amenities at your door step. Grab your towels and walk to the hot tub & outdoor pool or take a book and sit in one of many dedicated sitting areas. Acres of fabulous green space and landscaping to enjoy. This particular unit has an underground parking space and is very sought after as there is a limited amount. The two bedrooms and two bathrooms are at the separate ends of the unit, so if you had a roommate or guest it's a great separation for privacy. Many millions have been spent in the recent years including but not limited to : Decks, exterior, paint, siding and more on a mass scale.
Home facts
- Bedrooms
- 2
- Bathrooms
- 2 full
- Interior
- 1,116 sq ft
- Lot size
- 1,201 sq ft
- Year built
- 1982
- Parking
- 5
- Property type
- Single Family
- Fireplace
- 1
- Area
- Departure Bay
- Listed
- September 25, 2026
- Structure
- Apartment
- PID
- 000-905-577
- Common interest
- Condo/Strata
Highlights
- Ocean view
- Mountain view
- Balcony
- Pool
- Hot tub
- Underground parking
Features and inclusions
- Appliances
- Refrigerator, Dishwasher, Microwave
- Heating
- Baseboard heaters, Electric
- Cooling
- None
- Parking
- Underground
- Lot
- Central location, Private setting, Southern exposure, Other, Marine Oriented
- Community
- Family Oriented, Pets Allowed With Restrictions
Rooms and building
- Water
- Zoning
- Multi-Family
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
- $2,806
- Property tax
- $175/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $3,131
Purchase snapshot
- List price
- $592,000
- Down payment
- $118,400 (20%)
- Estimated mortgage
- $473,600
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
- $4,329
- 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
- $1,120 a month
- Gross yield
- 2.3%
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 · 51%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
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