About this home

Panoramic ocean and mountain views from this well priced building lot in the heart of the Oakridge neighbourhood of Hammond Bay. The property lends itself to a level entry with walkout basement however let your imagination flow with ideas. Zoned R5, you are able to build a duplex as well. This is your chance to design and build a single family home or side by side duplex with superb views of the Salish Sea, Coastal Mountains, marine traffic, and even Piper's Lagoon. Survey with measurements available upon request.

Home facts

Lot size: 4,851 sq ft
Property type: Vacant Land
Area: Hammond Bay
Listed: August 7, 2026
PID: 032-582-854
Common interest: Freehold

Highlights

Ocean view
Mountain view

Features and inclusions

Lot: Central location, Other, Rectangular

Rooms and building

Water
Zoning: Residential

Listed by REMAX Professionals (NA). Last updated Oct 5, 2026, 12:30 PM.

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: $2,369
Property tax: $142/mo
Home insurance: $150/mo
Estimated monthly total: $2,661

Purchase snapshot

List price: $499,900
Down payment: $99,980 (20%)
Estimated mortgage: $399,920

Estimates only. They leave out utilities, upkeep and closing costs.

Stress test this mortgage

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: $3,655; 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

Open the map

Walk to Save-On-Foods56 min

Bike to Departure Bay Berth 3 (Foot Access)15 min

Walk to Departure Bay Berth 3 (Foot Access)49 min

Drive to downtown Vancouver2h 27m

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 · 65%

Homes for sale nearby, by type

Detached75 for sale

Land18 for sale

Townhouse9 for sale

Condo / Apartment8 for sale

Duplex4 for sale

Other1 for sale

Active listings within 3 km of this home.

Homes built in Nanaimo, by type

Single-detached90.9% · 150

Apartment in duplex9.1% · 15

Source: Statistics Canada, 2021 Census of Population. 165 dwellings.

Who lives here

Statistics Canada area 59210313 · Nanaimo

Median age: 55
Renter households: 25%
Average household size: 2.3
Median household income: $89,000

Population (2021): 382
Median rent: $1,600
Owner shelter cost: $680
30%+ of income on shelter: 18%
Owner households: 72%
Households with kids: 24%
Immigrants: 17%
Post-secondary: 74%
Average home value (2021): $790,000

Breakdown

$20,000 to $24,9993.2% · 5

$45,000 to $49,9993.2% · 5

$50,000 to $59,99912.9% · 20

$60,000 to $69,9999.7% · 15

$70,000 to $79,9999.7% · 15

$80,000 to $89,9999.7% · 15

$90,000 to $99,9996.5% · 10

$100,000 to $124,99916.1% · 25

$125,000 to $149,9999.7% · 15

$150,000 to $199,99912.9% · 20

$200,000 and over6.5% · 10

Source: Statistics Canada, 2021 Census Profile, dissemination area 59210313.

Documents

Pick the records you want. Ray Rasouli will email what the listing brokerage shares.

Property disclosure statementReview seller-disclosed conditions and known defects.
Title searchReview registered ownership, charges, easements, and covenants.
Inspection reportsReview available property-condition findings.
Zoning and land-use recordsReview permitted uses and development constraints.
Survey or site planReview boundaries, structures, and encroachments.
Well and water-quality recordsReview water source, testing, and maintenance information.
Septic recordsReview system permits, servicing, and condition information.

Availability is not guaranteed. Review documents with a professional.

3588 Oakridge Drive

About this home