Nanaimo · V9R4K2
$2,682/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
Schedule private showing
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This one is NOT for the faint of heart but it’s a heck of a development opportunity! Just around the corner from the historic Nob Hill park, adjacent the old city quarter and just minutes away from every transportation option to the mainland you’ll find 528 Hecate St. Sitting on a 6,336 sq ft corner lot with R15 Old City Medium Density Residential zoning in place, this property opens the door for redevelopment ideas in an area that continues to evolve. Although the current home has been boarded up for safety, the opportunity here is all about the land, location, and future potential. A demolition quote is available for buyers looking to start fresh. If bringing this 1911 home back to life IS possible there’s currently over 2,800 square feet of structure on site plus an additional unauthorized dwelling at the rear of the property. This is definitely a project… but for the right buyer, builder, or developer, there may be an exciting opportunity to reimagine this property entirely.
6
Beds
2,886 ft²
Floor area
1911
Year built
Single Family
Type
Old City
Area
Listed
May 29, 2026
No strata fee (freehold/non-strata). Property tax $4574/yr (0.888% of list price vs 0.30% norm). Typical owner in Nanaimo pays $1,110/mo (Census 2021).
Nearby & Commute
3 min
walk to Superette
3 min
bike to Downtown Nanaimo Transit Exchange
11 min
walk to Downtown Nanaimo Transit Exchange
2h 27m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 35%
| Detached | 100 | 35.2% |
| Condo / Apartment | 66 | 23.2% |
| Land | 60 | 21.1% |
| Townhouse | 18 | 6.3% |
| Mobile home | 14 | 4.9% |
| Other | 26 | 9.2% |
| $5,000 to $9,999 | 5 | 1.5% |
| $10,000 to $14,999 | 5 | 1.5% |
| $15,000 to $19,999 | 15 | 4.5% |
| $20,000 to $24,999 | 45 | 13.6% |
| $25,000 to $29,999 | 40 | 12.1% |
| $30,000 to $34,999 | 20 | 6.1% |
| $35,000 to $39,999 | 20 | 6.1% |
| $40,000 to $44,999 | 15 | 4.5% |
| $45,000 to $49,999 | 15 | 4.5% |
| $50,000 to $59,999 | 20 | 6.1% |
| $60,000 to $69,999 | 30 | 9.1% |
| $70,000 to $79,999 | 10 | 3.0% |
| $80,000 to $89,999 | 20 | 6.1% |
| $90,000 to $99,999 | 15 | 4.5% |
| $100,000 to $124,999 | 20 | 6.1% |
| $125,000 to $149,999 | 10 | 3.0% |
| $150,000 to $199,999 | 15 | 4.5% |
| $200,000 and over | 10 | 3.0% |
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.
Request the due-diligence package
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
$2,682
Principal and interest
Calculated estimate
$2,382
Property tax
Calculated estimate
$150/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$514,900
Down payment
Calculated estimate
$102,980 (20%)
Estimated mortgage
Calculated estimate
$411,920
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
$2,682
/mo
Rate
%
Amortization
Principal and interest
$2,382
Property tax (est.)
$150
P&I
Tax
Down payment
$102,980 (20%)
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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 $102,980 down (20%) on $514,900, 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.
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.
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.
