Nanaimo · V9R2R8
$1,381/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
Schedule private showing
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APPROVED FOR A SMALLER SETBACK TO ALLOW A GOOD-SIZED FAMILY HOME! This prime 38 x 74.4 ft cleared vacant lot is an incredible opportunity to bring your plans and develop a building with innumerable possible uses. The board of variance has recently approved a setback of 1.52m which will give more flexibility in building a residential home. Zoned DT8, this flexible use zoning allows for mixed-use commercial and residential, residential use, street level commercial with second and third floors as multi-family residential uses, and more. The location is perfectly suited for a thriving business, adjacent to Nob Hill Park and close to all services and the vibrant Nanaimo Harbour. City services are available to the lot as well as natural gas. Enjoy breathtaking views of the mountain and city by adding height on the upper levels. Whether for single or multi-family residential or commercial purposes, the options are endless. The DT8 zoning permits a variety of businesses, such as pharmacies, offices, restaurants, pubs, daycares & more. Don't miss out on your chance to build your dream property in this fantastic downtown location.
0
Beds
Vacant Land
Type
Old City
Area
Listed
March 3, 2026
Nearby & Commute
4 min
walk to Superette
3 min
bike to Downtown Nanaimo Transit Exchange
10 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 | 99 | 35.1% |
| Condo / Apartment | 66 | 23.4% |
| Land | 60 | 21.3% |
| Townhouse | 18 | 6.4% |
| Mobile home | 14 | 5.0% |
| Other | 25 | 8.9% |
| 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% |
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
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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
$1,381
Principal and interest
Calculated estimate
$1,156
Property tax
Calculated estimate
$75/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$249,900
Down payment
Calculated estimate
$49,980 (20%)
Estimated mortgage
Calculated estimate
$199,920
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
$1,381
/mo
Rate
%
Amortization
Principal and interest
$1,156
Property tax (est.)
$75
P&I
Tax
Down payment
$49,980 (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 $49,980 down (20%) on $249,900, 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.
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.
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.
