Property Type: TownhouseOwnership: Strata

101 2835 Departure Bay Rd

Nanaimo, BC V9S3X1

$1,299,900

3 bed3 bath2 parking2,218 sqftBuilt 2018
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Property Details

Property & Lot

Sub-type
Row / Townhouse
Lot size
2,724 square feet
Zoning
Residential

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$695/mo
Annual property tax
$10,681.94

Interior

Heating
Heat Pump
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view, Ocean view

Parking

Total spaces
2 — covered indicated
Features
Garage

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
PatioSecond level10'2 x 26'8
PatioSecond level13'7 x 32'2
PatioLower level7'11 x 33'9
BathroomLower level4-Piece
BedroomLower level9'11 x 10'3
BedroomLower level9'5
EnsuiteLower level5-Piece
Primary BedroomLower level11'7 x 13'8
PatioMain level10'9 x 15'6
PatioMain level6'7 x 13'10
BathroomMain level2-Piece
Family roomMain level11'5 x 11'9
KitchenMain level12'9 x 13'7
Dining roomMain level9'6 x 13'10
Living roomMain level10'7 x 26'7

Listing Information

MLS®
1042263
Listed
July 9, 2026
Time on market
On the market for 53 days
Data last synced
August 28, 2026

Listing provided by: Pemberton Holmes Ltd. · Data source: CREA DDF.

Description

Experience elevated coastal living in this executive penthouse just steps from the sandy shores of Departure Bay. This contemporary West Coast home offers 3 bedrooms, 3 bathrooms, and stunning ocean, island, and mountain views through expansive floor-to-ceiling windows. A private elevator provides access from the tandem double garage to every level, including the spectacular rooftop patio. The open-concept design is ideal for entertaining, while the chef’s kitchen features premium appliances, quality finishes, and a large island. The luxurious primary suite boasts a spa-inspired 5-piece ensuite with heated floors, a walk-in closet, and Hunter Douglas motorized blinds. A private patio off the second bedroom and a flexible third bedroom complete the interior. Enjoy sunrises, evening fires, or relaxing with a coffee on the rooftop patio. Walk to the beach, launch your kayak, or grab a latte from Drip Coffee, all while being minutes from shopping, BC Ferries, and Harbour Air. (id:63159)

Values & Trends

This listing

$586/sqft

Building average

No other active listings in this building

Departure Bay average

$399/sqft

5 active listing(s)

Parking: 2 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

Partly Cloudy

15°C

Partly Cloudy

Humidity 85%

Wind N 2 km/h

Tonight

12°

Tuesday

21°

Tuesday night

14°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

99,863

(2021 Census)

+10.3% since 2016

Density: 1,104.1/km²

Dwellings: 45,138

Median household income: $75,500

After-tax: $68,500

Immigrant population: 16.1%

Top countries of origin (% of total population)

  • United Kingdom3.5% · 3,495
  • China1.3% · 1,285
  • United States of America1.2% · 1,155
  • India1.1% · 1,075
  • Philippines1% · 1,040
  • Germany0.6% · 635
  • Korea, South0.5% · 470
  • Viet Nam0.5% · 455

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

22

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
Departure Bay ElementaryElementary367 m
Cilaire ElementaryElementary1.3 km
Rock City ElementaryElementary1.7 km
OceaneElementary1.9 km
Forest Park ElementaryElementary2.1 km
Wellington SecondarySecondary2.2 km
Discover Montessori School(Independent)Elementary/Middle2.3 km
Career Technical CentreSecondary2.3 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 (2)

  • Drip Coffee Social · 2835 Departure Bay Road15 m
  • Felice Cafe · 1420 Wingrove Street122 m

Parks (5+)

  • Departure Bay Centennial Park · 1420 Bay Street115 m
  • Kinsmen Park140 m
  • Wardropper Park · 2957 Departure Bay Road235 m
  • Friar Tuck Beach Access304 m
  • Woodstream Park413 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 8.1% ($104,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,039,920.00
Periodic payment — Principal & Interest (monthly)$6,709.21
Additional monthly expenses (strata, tax, utilities, etc.)$1,696.16
Total monthly cost$8,405.37
Interest paid over 5-yr term$298,044.06
Balance at end of term$935,411.40

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$104,990
Stress test qualifying rate8.09%
Payment you must qualify for$9,188.44

Cash Needed at Closing

Minimum down payment$104,990
Estimated BC PTT$23,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$130,488

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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