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565 Brechin Road
Nanaimo · Vacant Land
Listed by Sutton Group-West Coast Realty (Nan) · MLS® 1051936
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Sign inAbout this home
This exceptional 1.92-acre ocean-view property is one of the last significant undeveloped parcels in Nanaimo’s highly sought-after Brechin Hill neighbourhood — a rare opportunity in one of the city’s most established and desirable coastal communities. Ideally positioned near downtown Nanaimo, Departure Bay ferry and seaplane terminals, marinas, waterfront parks, and local shops and restaurants, the property captures sweeping views of Departure Bay, Newcastle Island, Newcastle Channel, and Nanaimo Harbour. The gently sloping topography offers natural elevation changes that may support a broad range of future development possibilities, subject to required City of Nanaimo approvals. Extensive preliminary development work has already been explored for the site, with comprehensive supporting materials available to qualified buyers upon execution of a Confidentiality Agreement. Available materials include architectural concepts, engineering information, geotechnical and environmental studies, and additional technical reports. The property may offer potential for subdivision or a variety of residential development forms through future rezoning and municipal approval processes. Buyers are encouraged to complete their own independent due diligence with the City of Nanaimo and qualified professionals regarding development potential, servicing capacity, and future use possibilities.
Home facts
- Parking
- 2
- Property type
- Vacant Land
- Area
- Brechin Hill
- Listed
- October 9, 2026
- PID
- 006-278-612
- Common interest
- Freehold
Highlights
- Ocean view
- Mountain view
- Waterfront
- City view
Features and inclusions
- Lot
- Acreage, Central location, Southern exposure, See remarks, Other, Rectangular, Marine Oriented
Rooms and building
- Water
- Zoning
- Residential
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
- $10,807
- Property tax
- $667/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $11,623
Purchase snapshot
- List price
- $2,280,000
- Down payment
- $456,000 (20%)
- Estimated mortgage
- $1,824,000
Estimates only. They leave out utilities, upkeep and closing costs.
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
- $16,671
- 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
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 · 37%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.