Property Type: Detached HouseOwnership: Freehold

11231 Chemainus Rd

Ladysmith, BC V9G1Y7

$2,599,900

4 bed5 bath4 parking2,840 sqftBuilt 1929
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Property Details

Property & Lot

Sub-type
House
Lot size
4.3 acres
Zoning
Residential

R-3

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$13,656

Interior

Heating
Oil, Hot Water
Cooling / A/C
None
Fireplace
Yes (2)

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
BathroomMain level2-Piece
BathroomMain level4-Piece
BathroomLower level2-Piece
Laundry roomLower level15'7 x 25'4
Hobby roomLower level15'3 x 27'7
BedroomSecond level18'2 x 16'4
EnsuiteSecond level4-Piece
Primary BedroomSecond level13'1 x 16'6
BedroomMain level15'4 x 13'7
EnsuiteMain level4-Piece
Primary BedroomMain level15'4 x 14'5
SunroomMain level14'11 x 11'2
KitchenMain level14'11 x 13'4
Dining roomMain level14'11 x 12'3
Living roomMain level14'11 x 17'8

Listing Information

MLS®
1011627
Listed
August 20, 2025
Time on market
On the market for 376 days
Data last synced
August 28, 2026

Listing provided by: Century 21 Harbour Realty Ltd. · Data source: CREA DDF.

Description

Discover a rare and remarkable opportunity to own 4.3 acres of low bank waterfront in the highly desirable seaside community of Saltair. This property offers approximately 460 feet of walk-on oceanfront with easy access to a pebbled beach, creating an exceptional setting for those who value natural beauty and coastal living. The heart of the property is a timeless 1929 Arts & Crafts home that exudes character and charm. Original craftsmanship is evident throughout, with 10-foot ceilings, hardwood floors, and detailed woodwork that speaks to the quality of a bygone era. Expansive windows frame sweeping views of the ocean, while French doors lead to a sun-drenched deck—an ideal place to watch the sunrise, sip your morning coffee, and take in the ever-changing coastal scenery. The surrounding gardens and landscaped yard are bursting with colour in every season, while the upper portion of the acreage is heavily treed with mature fir and cedar. This natural backdrop ensures privacy and creates the feeling of your very own west coast retreat. Beyond the main home, the property includes a separate two-bedroom cottage currently rented, offering additional income potential or space for extended family. A garden shed adds practical storage for tools and equipment. With its unique combination of heritage charm, oceanfront beauty, and tranquil setting, this property is truly one-of-a-kind. Saltair is known for its peaceful community spirit and convenient location between Chemainus and Ladysmith, offering easy access to marinas, golf, shopping, and recreational amenities, while still providing the privacy and serenity of a coastal retreat. This is a legacy property that rarely comes available. All measurements and information should be verified if fundamental to purchase. (id:63159)

Values & Trends

This listing

$915/sqft

Building average

No other active listings in this building

Ladysmith average

$543/sqft

69 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 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

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

7

1/9 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
Stz'uminus Senior Secondary(Independent)Secondary2.8 km
Ladysmith PrimaryElementary3.8 km
Ladysmith SecondarySecondary4.1 km
Ladysmith IntermediateElementary4.1 km
Chemainus Elementary Community SchoolElementary5.6 km
Chemainus SecondaryK-126.1 km
Thetis Island ElementaryElementary7.9 km
North Oyster ElementaryElementary9.7 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

Parks (4)

  • Solmie Road Beach Access296 m
  • Gourlay-Janes Park · 397 Chemainus Road628 m
  • Unnamed696 m
  • Harbourview Park · 533 Louise Road738 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($519,980) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,079,920.00
Periodic payment — Principal & Interest (monthly)$13,418.94
Additional monthly expenses (strata, tax, utilities, etc.)$1,280.00
Total monthly cost$14,698.94
Interest paid over 5-yr term$596,111.05
Balance at end of term$1,870,894.77

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$519,980
Stress test qualifying rate8.09%
Payment you must qualify for$15,993.86

Cash Needed at Closing

Minimum down payment$519,980
Estimated BC PTT$55,997
Legal / closing costs (typical estimate)$1,500
Total cash needed$577,477

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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