Nanaimo · V9R2N7
$3,583/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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This centrally located property in the heart of Nanaimo offers an exceptional opportunity for small to mid-scale developers looking to enter or expand within the multi-family market. Currently operating as a single-family residence with consistent rental revenue, the true value lies in the development potential already unlocked. The City of Nanaimo has approved a development permit for a well-designed fourplex consisting of four three-bedroom units, each with family-oriented floorplans and private exterior balconies. Notably, two of the units will feature limited ocean views. Designed with both community and privacy in mind, each unit features a townhouse-style entry with its own exterior door. This layout not only enhances curb appeal but fosters a sense of individual identity and ownership while still creating a cohesive community atmosphere—an increasingly desirable feature among modern homebuyers. This project is a rare find in the Nanaimo market, where new three-bedroom units are in short supply. The design directly addresses the growing demand for attainable housing by providing family-sized units that can serve both the end-user homeowner and the long-term investor. The development fulfills all City parking requirements and has been thoughtfully conceived as a missing middle solution—offering practical density without compromising livability or neighborhood character. With the Development Permit in place and a well-positioned floorplan design in a supply-constrained market, this is a strong candidate for a build-to-sell or build-to-hold strategy. Measurements Approx. Verify if important.
3
Beds
1,334 ft²
Floor area
1910
Year built
Single Family
Type
Old City
Area
Listed
May 14, 2026
$699,000 is 32.2% below the Lower Mainland Composite HPI benchmark of $1,031,500 (2026-04-01).
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 | 61 | 21.5% |
| Townhouse | 18 | 6.3% |
| Mobile home | 14 | 4.9% |
| Other | 25 | 8.8% |
| Under $5,000 | 5 | 0.9% |
| $5,000 to $9,999 | 10 | 1.8% |
| $10,000 to $14,999 | 10 | 1.8% |
| $15,000 to $19,999 | 40 | 7.3% |
| $20,000 to $24,999 | 35 | 6.4% |
| $25,000 to $29,999 | 35 | 6.4% |
| $30,000 to $34,999 | 35 | 6.4% |
| $35,000 to $39,999 | 35 | 6.4% |
| $40,000 to $44,999 | 45 | 8.3% |
| $45,000 to $49,999 | 45 | 8.3% |
| $50,000 to $59,999 | 55 | 10.1% |
| $60,000 to $69,999 | 50 | 9.2% |
| $70,000 to $79,999 | 30 | 5.5% |
| $80,000 to $89,999 | 25 | 4.6% |
| $90,000 to $99,999 | 15 | 2.8% |
| $100,000 to $124,999 | 35 | 6.4% |
| $125,000 to $149,999 | 15 | 2.8% |
| $150,000 to $199,999 | 15 | 2.8% |
| $200,000 and over | 10 | 1.8% |
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A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$3,583
Principal and interest
Calculated estimate
$3,233
Property tax
Calculated estimate
$200/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$699,000
Down payment
Calculated estimate
$139,800 (20%)
Estimated mortgage
Calculated estimate
$559,200
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
$3,583
/mo
Rate
%
Amortization
Principal and interest
$3,233
Property tax (est.)
$200
P&I
Tax
Down payment
$139,800 (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 $139,800 down (20%) on $699,000, 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.
