- Active
#304 – 555 Franklyn Street
Nanaimo · Single Family
- Beds
- 1
- Baths
- 1
- Sqft
- 449
- Built
- 2008
Listed by Royal LePage Nanaimo Realty (NanIsHwyN) · MLS® 1043742
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Sign inAbout this home
If you’re looking for a simple, low-maintenance home close to everything, unit 304 at 555 Franklyn Street is worth a look. Offered at $369,000, this 449 sq. ft. condo is sensible, comfortable, and comes fully furnished and well-equipped. You can literally just bring your bags and settle right in. The layout makes sense and uses every bit of space well. The entry foyer leads straight into the living area and kitchen, keeping things open and straightforward. The bedroom sits off to the side with a good-sized walk-in closet, giving you plenty of storage. You also have a full 3-piece bathroom and in-suite laundry right off the hall. One of the best features is the private balcony, where you can kick back and take in nice ocean views. Beyond the unit, the building has some great extras. You get your own underground parking stall, a separate storage locker for all your extras, and an on-site fitness centre so you don't need a gym membership. The downtown location is a huge perk. You’re just a few blocks from the historic Old City Quarter with its charm and character, shops, restaurants and more! Take a short stroll down to the Harbourfront Walkway for ocean breezes, watch the floatplanes land (or hop on one yourself), or grab a meal on the water. Quick transit options like Harbour Air seaplanes and the Hullo passenger ferry make trips across the strait to Vancouver effortless. This is a great fit whether you're buying your first place, downsizing, or looking for a convenient lock-and-leave homebase in our beautiful city. This property is proudly listed by Chris Carter with Royal LePage Nanaimo Realty. Ready to see it for yourself? Call or text Chris today to schedule your private viewing!
Home facts
- Bedrooms
- 1
- Bathrooms
- 1 full
- Interior
- 449 sq ft
- Year built
- 2008
- Parking
- 1
- Property type
- Single Family
- Fireplace
- 1
- Area
- Old City
- Listed
- July 23, 2026
- Structure
- Apartment
- PID
- 027-749-495
- Common interest
- Condo/Strata
Highlights
- Ocean view
- Mountain view
- Balcony
- Gym
- In-suite laundry
- Underground parking
Features and inclusions
- Appliances
- Washer, Refrigerator, Range - Electric, Dishwasher, Dryer
- Heating
- Baseboard heaters
- Cooling
- None
- Parking
- Underground
- 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
- $1,749
- Property tax
- $108/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $2,007
Purchase snapshot
- List price
- $369,000
- Down payment
- $73,800 (20%)
- Estimated mortgage
- $295,200
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
- $2,698
- 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
- $805 a month
- Gross yield
- 2.6%
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.