- Active
Sanford Way
Nanaimo · Vacant Land
- Lot size
- 20,640 ft²
Listed by REMAX Professionals (NA) · MLS® 1051672
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Sign inAbout this home
These two building lots are well priced ideally for a buyer to develop into two residential homes - level entry designs with walkout basements. The property currently is unserviced with Cedar Improvement District water located on the lane east of this location (approx. 360') to closest home on the lane. The property has frontage on both Sanford and the lane, both dedicated roads which are not constructed to the property's edge at this time. Neighbouring newer homes' driveway accesses are on the lane off Elm. Each lot is approximately 60'x172' (approx. 10,320 sf or .24 acre) with a grade from the lane down to Sanford Road - this facilitate a gravity sewage treatment design. With a full tree canopy, some timber may be harvestable from the sites. The location in Cedar is excellent as you are close to the local shopping shopping center with Country Grocer, Coco Cafe, and Mahle House Restaurant. Proximity to Nanaimo, BC Ferries at Duke Point are among many additional features.
Home facts
- Lot size
- 20,640 sq ft
- Property type
- Vacant Land
- Area
- Cedar
- Listed
- October 6, 2026
- PID
- 006-636-080
- Common interest
- Freehold
Features and inclusions
- Lot
- Private setting, Wooded area, Other
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
- $782
- Property tax
- $50/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $982
Purchase snapshot
- List price
- $165,000
- Down payment
- $33,000 (20%)
- Estimated mortgage
- $132,000
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
- $1,206
- 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
For investors
As a rental
- Estimated rent
- $840 a month
- Gross yield
- 6.1%
Estimated rent from Statistics Canada rents for this area, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs.
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 · 60%
Who lives here
Documents
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Availability is not guaranteed. Review documents with a professional.
