- Active
#311 – 158 Promenade Drive
Nanaimo · Single Family
- Beds
- 2
- Baths
- 2
- Sqft
- 1,331
- Built
- 1994
Listed by REMAX Professionals (NA) · MLS® 1051880
There is more to this listing. Create a free account to see the exact location, taxes, room sizes and price history.
Sign inAbout this home
Enjoy waterfront living at The Gabriola on Cameron Island! With two underground parking spaces, this move in ready 2-bedroom, 2-bathroom condo offers plenty of comfortable living space with ocean views throughout the home and a cozy fireplace. A deck off the main bedroom provides the perfect spot to enjoy your morning coffee and take in the ocean scenery. Updates include a renovated kitchen, refreshed flooring and paint throughout. This pet friendly building is just steps from Nanaimo’s scenic waterfront walkway and marina, with Port Place shopping, restaurants, cafés and the Port Theatre a short stroll away. Whether you’re downsizing or looking for a conveniently located home by the water, this condo offers space, comfort and easy access to the best of downtown Nanaimo. All measurements are approximate and should be verified if deemed necessary.
Home facts
- Bedrooms
- 2
- Bathrooms
- 2 full
- Interior
- 1,331 sq ft
- Year built
- 1994
- Parking
- 2
- Property type
- Single Family
- Fireplace
- 1
- Area
- Old City
- Style
- Contemporary
- Listed
- October 14, 2026
- Structure
- Apartment
- PID
- 018-646-395
- Common interest
- Condo/Strata
Highlights
- Ocean view
- Mountain view
- Waterfront
- Underground parking
- Fireplace
Features and inclusions
- Appliances
- Washer, Refrigerator, Range - Electric, Dishwasher, Dryer
- Heating
- Baseboard heaters, Electric
- Cooling
- None
- Parking
- Underground
- Lot
- Central location, 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
- $3,554
- Property tax
- $217/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $3,921
Purchase snapshot
- List price
- $749,900
- Down payment
- $149,980 (20%)
- Estimated mortgage
- $599,920
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
- $5,483
- 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
- 2.4%
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.
