Property Type: Detached HouseOwnership: Freehold

10 Pirates Lane

Protection Island, BC V9R6R1

$2,395,000

3 bed3 bath4 parking2,755 sqftBuilt 1989
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Property Details

Property & Lot

Sub-type
House
Lot size
15,539 square feet
Zoning
Residential

R3

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,572

Interior

Heating
Baseboard heaters, Wood
Cooling / A/C
None
Fireplace
Yes (1)

Exterior & Lot

View
City view, Mountain view, Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
BedroomSecond level10'6
BathroomSecond level3-Piece
BedroomSecond level9'10 x 11'3
EntranceMain level8'1 x 7'4
Living roomMain level27'1 x 23'3
OtherMain level15'5 x 18'11
Dining roomMain level11'7 x 13'11
KitchenMain level15'1 x 13'11
Laundry roomMain level8'2 x 12'1
BathroomMain level3-Piece
PatioMain level14'3 x 40'10
Primary BedroomSecond level32'10
GymSecond level9'8 x 9'2
EnsuiteSecond level4-Piece

Listing Information

MLS®
1038048
Listed
May 26, 2026
Time on market
On the market for 97 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Island Living (QU) · Data source: CREA DDF.

Description

Set along the coveted waterfront of Protection Island, this extraordinary oceanfront estate is a private sanctuary crafted for those who value understated luxury, exclusivity, & effortless coastal living. Beautifully renovated & set upon a meticulously landscaped 1/3-acre property with 80 feet of pristine shoreline, the residence captures spectacular west-facing views across Nanaimo Harbour, Mt. Benson, & the shimmering city lights beyond. Blending timeless West Coast architecture with elevated modern design, the 3-bedroom plus den, 3-bath home exudes warmth, sophistication, & relaxed elegance. Soaring ceilings, exposed log beams, expansive bay windows, & rich wood flooring create an atmosphere reminiscent of a luxury waterfront lodge retreat. At the heart of the home, the gourmet chef’s kitchen is appointed with premium KitchenAid Professional appliances, solid surface countertops, & refined finishes designed for both grand entertaining & intimate gatherings. The impressive great room & elegant dining area are anchored by a stunning stone fireplace, while walls of glass & French doors seamlessly connect the interior living spaces to expansive oceanfront decks designed for sunset dining & tranquil evenings overlooking the water. Upstairs, two beautifully appointed guest bedrooms accompany a serene primary suite complete with flexible den space, breathtaking ocean views, & a spa-inspired ensuite that offers a true retreat experience. For boating enthusiasts, the 80’ private deep-water dock features a concrete float, aluminum gangway, power, & water, providing exceptional moorage for yachts (up to 100’) & recreational vessels alike. Accessible by passenger ferry, private boat, seaplane, or Helijet, this remarkable property offers the rare privilege of secluded island living while remaining only minutes from Nanaimo & approximately 20 minutes from Vancouver. An exceptional coastal retreat where luxury, tranquility, & adventure exist in perfect harmony. (id:63159)

Values & Trends

This listing

$869/sqft

Building average

No other active listings in this building

Protection Island average

$612/sqft

11 active listing(s)

Parking: 4 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Nearest station: Nanaimo

Partly Cloudy

13°C

Partly Cloudy

Humidity 88%

Wind WSW 2 km/h

Tonight

12°

Tuesday

21°

Tuesday night

14°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

11

2/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Pauline Haarer ElementaryElementary1.6 km
Brechin ElementaryElementary2.1 km
Fairview ElementaryElementary2.5 km
Bayview ElementaryElementary2.9 km
OceaneElementary2.9 km
Career Technical CentreSecondary3.0 km
Discover Montessori School(Independent)Elementary/Middle3.0 km
Nanaimo District SecondarySecondary3.2 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Cafes (1)

  • Concession577 m

Parks (5+)

  • Pirates Park · 7 Pirates Lane298 m
  • Long John Silver Park · 12 Captain Kidds Terrace317 m
  • Underwear Island487 m
  • Captain Hook Park · 49 Captain Morgans Boulevard520 m
  • Captain Morgan Park · 174 Pirates Lane538 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($479,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,916,000.00
Periodic payment — Principal & Interest (monthly)$12,361.38
Additional monthly expenses (strata, tax, utilities, etc.)$769.00
Total monthly cost$13,130.38
Interest paid over 5-yr term$549,131.11
Balance at end of term$1,723,448.20

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$479,000
Stress test qualifying rate8.09%
Payment you must qualify for$14,733.37

Cash Needed at Closing

Minimum down payment$479,000
Estimated BC PTT$49,850
Legal / closing costs (typical estimate)$1,500
Total cash needed$530,350

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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