- Active
340 Summit Drive
Nanaimo · Single Family
- Beds
- 3
- Baths
- 4
- Sqft
- 2,966
- Built
- 2008
Listed by REMAX Professionals (NA) · MLS® 1042570
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
Perched in a much sought-after Nanaimo location, this unique, immaculate, custom home offers a spacious multi-level design with excellent versatility and stunning lake views is truly an entertainer’s dream. The main level features an open-concept great room with high ceilings, wood flooring and a fireplace. The stunning kitchen includes stainless appliances, great counter space, open shelving and plenty of storage and a seamless flow into the dining and living areas. The lower level hosts the primary suite, complete with a private covered deck with sauna, nursery and dressing area with built-ins, plus a five-piece ensuite with dual sinks, jetted tub and separate shower. The third level offers two bedrooms including a one-bedroom legal suite with it’s own laundry and covered deck. Attached double garage and an abundance of storage space complete the home. See the feature sheet for more details. All data and measurements are approximate and must be verified if fundamental.
Home facts
- Bedrooms
- 3
- Bathrooms
- 4 full
- Interior
- 2,966 sq ft
- Lot size
- 8,575 sq ft
- Year built
- 2008
- Parking
- 3
- Property type
- Single Family
- Garage
- Yes
- Fireplaces
- 2
- Area
- Uplands
- Listed
- July 7, 2026
- Structure
- House
- PID
- 000-273-066
- Common interest
- Condo/Strata
Highlights
- Mountain view
- Sauna
- Double garage
- High ceilings
- Fireplace
Features and inclusions
- Heating
- Heat Pump
- Cooling
- Air Conditioned
- Parking
- Garage
- Lot
- Central location, Private setting, Southern exposure, Other
- Community
- Family Oriented, Pets Allowed
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
- $5,593
- Property tax
- $342/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $6,085
Purchase snapshot
- List price
- $1,180,000
- Down payment
- $236,000 (20%)
- Estimated mortgage
- $944,000
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
- $8,628
- 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
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 · 43%
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.
