Property Type: Condo / ApartmentOwnership: StrataNEW LISTING

102 158 Promenade Dr

Nanaimo, BC V9R6M7

$525,000

2 bed2 bath1 parking1,096 sqftBuilt 1994
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Property Details

Property & Lot

Sub-type
Apartment
Zoning
Residential

R9

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$545/mo
Annual property tax
$3,676

Interior

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

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
Allowed with restrictions

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

Room Dimensions

RoomLevelDimensions
Living roomMain level18'7 x 12'10
PatioMain level7'0 x 18'0
StorageMain level3'0 x 7'0
EnsuiteMain level7'4 x 8'0
Primary BedroomMain level12'0 x 21'5
BedroomMain level10'6 x 11'5
Dining roomMain level16'3 x 9'7
BathroomMain level6'8 x 8'0
KitchenMain level15'6 x 13'6
EntranceMain level5'8 x 11'4

Listing Information

MLS®
1047990
Listed
August 27, 2026
Time on market
On the market for 4 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Nanaimo Realty LD · Data source: CREA DDF.

Description

Enjoy an easy coastal lifestyle in the Gabriola Building on Cameron Island, where the waterfront is right outside your door. This well-maintained ground-floor 2-bedroom, 2-bathroom home offers spacious rooms, a great layout, and comfortable living in one of Nanaimo’s most desirable waterfront communities. The updated kitchen opens to a bright living and dining area, with engineered hardwood flooring throughout. A warm gas fireplace creates a welcoming space for relaxing, while the heat pump provides efficient heating and summer cooling. Sliding glass doors lead to your private patio, offering a peaceful spot to enjoy your morning coffee or unwind at the end of the day. Step outside and enjoy waterfront walks along the seawall, with downtown Nanaimo, restaurants, shops, parks and everyday amenities close by. Underground parking and additional storage are available. There may also be storage options for bikes and kayaks in the underground areas. A wonderful opportunity for a single adult or couple seeking comfortable, low-maintenance waterfront living in Nanaimo. For more information or a viewing, let's get in touch. Lorne at 250-618-0680. (id:63159)

Values & Trends

This listing

$479/sqft

Building average

$516/sqft

2 active listing(s)

Old City average

$557/sqft

30 active listing(s)

Parking: 1 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

13°C

Partly Cloudy

Humidity 89%

Wind WSW 6 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

74

8/9 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 ElementaryElementary813 m
Bayview ElementaryElementary1.6 km
Fairview ElementaryElementary1.7 km
Georgia Avenue ElementaryElementary2.0 km
Brechin ElementaryElementary2.1 km
Secondaire de NanaimoSecondary2.2 km
Nanaimo District SecondarySecondary2.2 km
John Barsby SecondarySecondary2.5 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

Restaurants (5+)

  • Local Pizza · 650 Terminal Avenue163 m
  • Penny's Palapa · 10 Wharf Street183 m
  • Noodlebox · 648 Terminal Avenue183 m
  • Trollers Fresh Fish and Chips · 10 Wharf Street207 m
  • The Pantry Restaurant Nanaimo · 648 Terminal Avenue213 m

Cafes (5+)

  • Starbucks · 650 Terminal Avenue234 m
  • Javawocky Coffee House249 m
  • Tea on the Quay · 90 Front Street288 m
  • Ironworks Café & Crêperie · 200 Commercial Street344 m
  • Serious Coffee · 60 Commercial Street348 m

Grocery (3)

  • Thrifty Foods · 650 Terminal Avenue183 m
  • ManLee Oriental · 385 Terminal Avenue447 m
  • The Green Store: Discount Organic · 256 Wallace Street589 m

Parks (5+)

  • McGregor Park · 126 Front Street173 m
  • Piper Park207 m
  • Bastion Square Park · 94 Front Street264 m
  • Anchor Way Park · 20 Anchor Way297 m
  • Italian Square Park304 m

Shopping (2)

  • Port Place Shopping Centre · 650 Terminal Avenue199 m
  • London Drugs · 650 Terminal Avenue227 m

Gyms (4)

  • Kind Society Yoga247 m
  • Force Boxing & Fitness · 165 Fraser Street622 m
  • Iyengar Yoga Nanaimo · 335 Wesley Street693 m
  • Dolly's Gym · 111 Nicol Street754 m

Pharmacies (2)

  • Central Drugs566 m
  • Wallace Pharmacy702 m

Banks & ATMs (5+)

  • CIBC · 650 Terminal Avenue179 m
  • Coastal Community Credit Union · 59 Wharf Street303 m
  • TD347 m
  • Scotiabank · 65 Commercial Street367 m
  • Scotiabank · 65 Commercial Street386 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.2% ($27,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$420,000.00
Periodic payment — Principal & Interest (monthly)$2,709.70
Additional monthly expenses (strata, tax, utilities, etc.)$905.83
Total monthly cost$3,615.53
Interest paid over 5-yr term$120,373.21
Balance at end of term$377,791.36

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$27,500
Stress test qualifying rate8.09%
Payment you must qualify for$3,825.60

Cash Needed at Closing

Minimum down payment$27,500
Estimated BC PTT$8,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$37,500

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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