Property Type: Detached HouseOwnership: Leasehold

111 Raven Way

Ladysmith, BC V9G0C2

$869,900

5 bed3 bath2 parking2,629 sqftBuilt 2025
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Property Details

Property & Lot

Sub-type
House
Lot size
5,339 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Leasehold
Strata / maintenance fee
$0/mo
Annual property tax
$0

Interior

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

Parking

Total spaces
2

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
BathroomMain level4-Piece
BedroomMain level11'3
BedroomMain level10'4 x 11'9
EnsuiteMain level4-Piece
Primary BedroomMain level15'6
PantryMain level3'1 x 6'4
Living roomMain level13'2 x 18'7
Dining roomMain level
KitchenMain level9'3
OtherLower level3'1 x 7'2
BathroomLower level4-Piece
BedroomLower level9'5 x 10'7
BedroomLower level9'6 x 10'7
DenLower level9'5
Living roomLower level9'3 x 16'2
KitchenLower level7'9 x 16'2
Laundry roomLower level6'1
EntranceLower level

Listing Information

MLS®
1047136
Listed
August 17, 2026
Time on market
On the market for 14 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Island Properties (DU) · Data source: CREA DDF.

Description

Built by Elmworth Construction, a trusted local builder. This beautiful new home will exceed your expectations for value and quality. No property transfer tax or GST! Short term rentals for both levels allowed! The home features 2629sf of thoughtful design and quality finishing. This includes quartz countertops, engineered wood and tiled flooring, and living room with sloped 12' ceilings to optimize natural light. The plan features 5 bedrooms and den including a 2 bedroom suite. The main floor offers 3 bedrooms including a primary bedroom with large walk-in closet and built-in drawers, 4 piece ensuite, and set on the peaceful, sunny southern side of the home. The island kitchen features pendant lighting, slider to rear patio, coveted deep pantry, and adjoining dining room. The living room boasts a classy gas fireplace and recessed lighting. A den and laundry room off the foyer. The 822sf suite is ideal for extended family, long term tenants, or short term rentals: 2 bedrooms, full kitchen and living room, and in-unit laundry. The suite also features a lock-off for ease of access. Set on a gently graded fully serviced lot backing onto a wooded area, back country access for long walks and hikes. All measurements are approximate and should be verified if important. (id:63159)

Values & Trends

This listing

$331/sqft

Building average

No other active listings in this building

Ladysmith average

$551/sqft

69 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 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

8,990

(2021 Census)

+5.3% since 2016

Density: 746.7/km²

Dwellings: 4,079

Median household income: $81,000

After-tax: $72,500

Immigrant population: 12.7%

Top countries of origin (% of total population)

  • United Kingdom4.9% · 440
  • United States of America1.3% · 120
  • Germany0.7% · 65
  • Netherlands0.5% · 45
  • Poland0.3% · 25
  • South Africa, Republic of0.3% · 25
  • India0.3% · 25
  • Mexico0.2% · 20

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

22

3/9 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
Ladysmith IntermediateElementary3.3 km
Ladysmith SecondarySecondary3.4 km
North Oyster ElementaryElementary3.5 km
Ladysmith PrimaryElementary3.7 km
Stz'uminus Senior Secondary(Independent)Secondary6.7 km
Cedar ElementaryElementary9.0 km
Cedar SecondarySecondary11.2 km
Cinnabar Valley ElementaryElementary12.0 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 (1)

  • Ladysmith A&W398 m

Cafes (1)

  • Tim Hortons215 m

Parks (2)

  • Unnamed436 m
  • Oriosi Park733 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 7.1% ($61,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$695,920.00
Periodic payment — Principal & Interest (monthly)$4,489.84
Additional monthly expenses (strata, tax, utilities, etc.)$131.00
Total monthly cost$4,620.84
Interest paid over 5-yr term$199,452.67
Balance at end of term$625,982.29

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$61,990
Stress test qualifying rate8.09%
Payment you must qualify for$6,212.55

Cash Needed at Closing

Minimum down payment$61,990
Estimated BC PTT$15,398
Legal / closing costs (typical estimate)$1,500
Total cash needed$78,888

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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