Property Type: Detached HouseOwnership: Freehold

101 Pirates Lane

Protection Island, BC V9R6R1

$314,000

3 bed1 bath2 parking689 sqftBuilt 1974
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Property Details

Property & Lot

Sub-type
House
Lot size
9,600 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,225

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
None

Parking

Total spaces
2 — covered indicated
Features
Detached Garage

Room Dimensions

RoomLevelDimensions
WorkshopMain level14'3 x 9'2
StorageLower level15'11 x 9'3
Primary BedroomMain level7'11 x 11'2
PatioMain level8'8 x 13'4
Living roomMain level13'5 x 6'4
KitchenMain level9'11 x 9'11
PorchMain level4'3 x 15'1
Dining roomMain level13'5 x 8'1
BedroomMain level9'5 x 7'9
BedroomMain level9'5 x 10'10
BathroomMain level5'2 x 7'4

Listing Information

MLS®
1037961
Listed
May 24, 2026
Time on market
On the market for 100 days
Data last synced
August 28, 2026

Listing provided by: Team 3000 Realty Ltd · Data source: CREA DDF.

Description

Welcome to 101 Pirates Lane on Protection Island — the perfect entry point into island living. This 3 bed, 1 bath home offers a great opportunity for buyers looking to bring their ideas and vision to life. With an open living area, sunny kitchen, and functional layout, the home is well suited for a cabin getaway, investment project, or low-impact island lifestyle. Located just a short walk from the ferry, you’ll enjoy convenient access to downtown Nanaimo while embracing the unique pace and charm of Protection Island living. Whether you’re looking for a weekend retreat or an affordable foothold in the market, this property offers excellent potential in a sought-after island community. Property is being sold on an as is where is basis. Buyer to complete all due diligence. Measurements provided by iGuide and must be verified if important. (id:63159)

Values & Trends

This listing

$456/sqft

Building average

No other active listings in this building

Protection Island average

$650/sqft

11 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

Nearest station: Nanaimo

Partly Cloudy

15°C

Partly Cloudy

Humidity 87%

Wind SW 3 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

15

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 ElementaryElementary2.1 km
Brechin ElementaryElementary2.5 km
Fairview ElementaryElementary3.0 km
OceaneElementary3.2 km
Bayview ElementaryElementary3.3 km
Discover Montessori School(Independent)Elementary/Middle3.3 km
Career Technical CentreSecondary3.3 km
Cilaire ElementaryElementary3.6 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)

  • Concession664 m

Parks (5+)

  • Captain Hook Park · 49 Captain Morgans Boulevard109 m
  • Long John Silver Park · 12 Captain Kidds Terrace183 m
  • Pirates Park · 7 Pirates Lane185 m
  • Hidden Treasure Park · 13 Captain Morgans Boulevard197 m
  • Smugglers Park · 86 Captain Morgans Boulevard271 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($15,700) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$251,200.00
Periodic payment — Principal & Interest (monthly)$1,620.66
Additional monthly expenses (strata, tax, utilities, etc.)$219.42
Total monthly cost$1,840.07
Interest paid over 5-yr term$71,994.64
Balance at end of term$225,955.21

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$15,700
Stress test qualifying rate8.09%
Payment you must qualify for$2,293.82

Cash Needed at Closing

Minimum down payment$15,700
Estimated BC PTT$4,280
Legal / closing costs (typical estimate)$1,500
Total cash needed$21,480

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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