Nanaimo · V9R3R7
$3,565/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
Schedule private showing
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Some homes simply offer a place to live. Others offer possibilities. Welcome to 342 Howard Avenue, a charming character home set on a private 7,200 sq ft lot in Nanaimo's evolving University District. Whether you're looking for a family home with room to grow, an investment property, or a land holding with exciting future redevelopment potential, this property delivers exceptional flexibility and long-term value. Originally one of the area's historic farm homes, this residence blends timeless character with thoughtful updates including an updated kitchen, refreshed bathrooms, newer windows, a newer roof, forced-air heating, and spacious living areas filled with natural light. The flexible floor plan features 1 bedroom on the main floor, 3 bedrooms plus a den upstairs, making it ideal for growing families, home-based professionals, or multigenerational living. Step outside and you'll discover one of the property's greatest assets. A massive, private backyard framed by mature cedar hedges creates your own secluded retreat. Entertain on the oversized deck, enjoy the established fruit trees, or simply appreciate the space and privacy that's becoming increasingly difficult to find. Beyond the home itself lies one of the property's most compelling opportunities. Positioned on a level 60' x 120' lot in a rapidly evolving neighbourhood, this property offers exciting future redevelopment potential while providing an exceptional place to call home today. Buyers are encouraged to explore development possibilities with the City of Nanaimo. Just minutes from Vancouver Island University, downtown Nanaimo, the waterfront, parks, recreation, shopping, and restaurants, this is a rare opportunity to secure a property that offers both immediate enjoyment and long-term upside.
4
Beds
2,142 ft²
Floor area
1910
Year built
Single Family
Type
University District
Area
Listed
July 23, 2026
Nearby & Commute
11 min
walk to Buy Low Foods
4 min
bike to VIU Transit Exchange
15 min
walk to VIU Transit Exchange
2h 30m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 35%
| Detached | 107 | 35.2% |
| Condo / Apartment | 76 | 25.0% |
| Land | 58 | 19.1% |
| Townhouse | 24 | 7.9% |
| Mobile home | 12 | 3.9% |
| Other | 27 | 8.9% |
| $15,000 to $19,999 | 5 | 2.4% |
| $20,000 to $24,999 | 20 | 9.5% |
| $25,000 to $29,999 | 5 | 2.4% |
| $30,000 to $34,999 | 15 | 7.1% |
| $35,000 to $39,999 | 10 | 4.8% |
| $40,000 to $44,999 | 10 | 4.8% |
| $45,000 to $49,999 | 25 | 11.9% |
| $50,000 to $59,999 | 25 | 11.9% |
| $60,000 to $69,999 | 15 | 7.1% |
| $70,000 to $79,999 | 10 | 4.8% |
| $80,000 to $89,999 | 15 | 7.1% |
| $90,000 to $99,999 | 10 | 4.8% |
| $100,000 to $124,999 | 25 | 11.9% |
| $125,000 to $149,999 | 10 | 4.8% |
| $150,000 to $199,999 | 5 | 2.4% |
| $200,000 and over | 5 | 2.4% |
Pick the records that matter for this property. Relta inquires with the listing agent and strata on your behalf, then tells you what came back. Some documents cannot always be obtained.
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Relta requests these from the listing agent and strata and follows up with what is available. Availability is not guaranteed. Review any documents with the appropriate professionals.
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$3,565
Principal and interest
Calculated estimate
$3,215
Property tax
Calculated estimate
$200/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$695,000
Down payment
Calculated estimate
$139,000 (20%)
Estimated mortgage
Calculated estimate
$556,000
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Metro averages
Est. monthly total
$3,565
/mo
Rate
%
Amortization
Principal and interest
$3,215
Property tax (est.)
$200
P&I
Tax
Down payment
$139,000 (20%)
Get Pre-Approved
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 $139,000 down (20%) on $695,000, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. No strata fee on record for this 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.
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.
Daily mean across the year.
On the drier side for BC.
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.
At 6.9094 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.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
