Atop the crags in Departure Bay is the super-desirable Edgewood community, much loved for its tidy aesthetic and panoramic views. Most units are attached townhomes with no yard, but 3255 Folkestone is a FULLY DETACHED home with a large private BACK YARD with custom low-maintenance landscaping w/ irrigation. The living room and main bedroom feature stunning mountain views out front, while the kitchen and office and large deck overlook the forests of Linley Valley. The lower floor is perfect for guests with a quiet bedroom and a 4-pc bathroom, plus the den/family room with sliding door to a covered patio. Upstairs is bright; the master suite has a big 4-pc ensuite (soaker tub!) and walk-in closet, and the living area has a cozy gas fireplace and an ergonomic kitchen. Outside there are sitting areas for every time of day including the sunset viewpoint (Muskoka chairs) which sees all the way to Mt Arrowsmith. To be clear, this is a strata property: Your building envelope is fully maintained by the strata, and your water and sewer costs are covered along with building insurance. Owners already paid a large levy for maintenance. Now priced below assessment.
Property details
2
Beds
3 full
Baths
1,954 ft²
Floor area
4,575 ft²
Lot size
1995
Year built
2
Parking
$752/mo
Strata fee
$4,733/yr
Gross tax
Location & structure
Single Family
Type
1
Fireplace
Departure Bay
Area
Listed
July 9, 2026
Structure
House
PID
023-011-947
Property highlights
Mountain view
City view
Patio
Fireplace
Features & inclusions
Appliances
Washer, Refrigerator, Dishwasher, Dryer
Heating
Forced air, Natural gas
Cooling
None
Lot
Private setting, Rocky, Other
Community
Family Oriented, Pets Allowed
Additional details
Common interest
Condo/Strata
Listed by 460 Realty Inc. (NA). Last updated Jul 9, 2026, 9:40 AM.
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.
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 $134,980 down (20%) on $674,900, 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.
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
Inventory mix
What this area trades in
Within 3 km of this listing · 253 listings
Detached
150
59.3%
Townhouse
33
13.0%
Land
28
11.1%
Condo / Apartment
19
7.5%
Duplex
19
7.5%
Other
4
1.6%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Census 2021 dwelling structural-type mix · Nanaimo · 730 dwellings
Single-detached285 · 39.0%
Low-rise apartment230 · 31.5%
Row house125 · 17.1%
Apartment in duplex55 · 7.5%
Semi-detached35 · 4.8%
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 #59210355· Nanaimo· Transit 5/100· 0.78 km²
Median rent here
$1,330
Owner shelter cost
$1,210
Renters
43.6%
30%+ on shelter
26.4%
Population (2021)
1,598
Median age
43.2
Avg household size
2.2
Avg household income
$85,600
Renters
43.6%
Owners
55.7%
Immigrants
15.2%
Post-secondary
58.8%
Avg home value
$616,000
Single status
26.0%
Not in labour force
40.9%
Households with kids
29.3%
Median rent
$1,330
Owner shelter cost
$1,210
30%+ on shelter
26.4%
Breakdown
Under $5,000
10
1.4%
$10,000 to $14,999
5
0.7%
$15,000 to $19,999
10
1.4%
$20,000 to $24,999
30
4.1%
$25,000 to $29,999
25
3.4%
$30,000 to $34,999
15
2.0%
$35,000 to $39,999
30
4.1%
$40,000 to $44,999
40
5.4%
$45,000 to $49,999
30
4.1%
$50,000 to $59,999
70
9.5%
$60,000 to $69,999
65
8.8%
$70,000 to $79,999
65
8.8%
$80,000 to $89,999
60
8.2%
$90,000 to $99,999
40
5.4%
$100,000 to $124,999
100
13.6%
$125,000 to $149,999
50
6.8%
$150,000 to $199,999
55
7.5%
$200,000 and over
35
4.8%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59210355).
Market story
Rent in Nanaimo
Census 2021 avg $1,330/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
