Property Type: OtherOwnership: Freehold

1226 Lawlor Rd

Nanaimo, BC V9R6L6

$2,800,000

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Property Details

Property & Lot

Sub-type
Multi-Family
Lot size
1.75 acres
Zoning
Unknown

R12

Ownership & Fees

Property type
Other
Ownership
Freehold
Annual property tax
$9,328

Interior

Heating
Baseboard heaters, Electric
Fireplace
None

Listing Information

MLS®
1028268
Listed
March 10, 2026
Time on market
On the market for 174 days
Data last synced
August 28, 2026

Listing provided by: Sutton Group-West Coast Realty (Nan) · Data source: CREA DDF.

Description

Investment/redevelopment 1.7 ac. OCP designation of “Secondary Urban Center”. Encouraging a Mix of low-rise, mid-rise, and limited high-rise mixed-use or residential. 2 to 12 storeys with potential for limited additional height where community benefit is provided. Mobile Home/RV Park with 2 homes, ideal for redevelopment, zoned R12. Great investment with future redevelopment potential. 14 Mobile home sites, 8 RV sites, and 3 park model rental sites. End of no through road, connected to city sewer and water. Flat site. Potential rent is much higher, with 7 sites currently not rented. Sale of land included the 2 homes and garage (1600 ft2 2 level character home rented out and used the mangers' office needs TLC, a 750 ft2 2-bedroom 1-bathroom detached cottage rented out and a 1500 ft2 storage building). Full package for details. Please do not visit the site without an appointment. All information must be verified by a potential buyer. (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

Chase River average

$255/sqft

2 active listing(s)

Parking: Not indicatedStorage 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

70

7/9 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
Fulford Community ElementaryElementary632 m
Chase River ElementaryElementary1.1 km
Park Avenue ElementaryElementary1.9 km
Cinnabar Valley ElementaryElementary2.4 km
Bayview ElementaryElementary2.5 km
John Barsby SecondarySecondary2.7 km
Learning AlternativesSecondary2.7 km
Georgia Avenue ElementaryElementary3.2 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+)

  • Sam's Noodle Bar74 m
  • Sushi Waa · 50 Tenth Street87 m
  • Smitty's164 m
  • Bold Knight Restaurant · 1140 Trans-Canada Highway230 m
  • Maggie's Seafood Market Fish & Chips251 m

Cafes (2)

  • Tim Hortons · 48 Tenth Street150 m
  • Calico Cat Tea House · 1081 Haliburton Street465 m

Grocery (1)

  • Country Grocer · 82 Twelfth Street337 m

Parks (2)

  • Chase River Estuary Park · 1160 Trans-Canada Highway318 m
  • John Weeks Park · 1407 Trans-Canada Highway766 m

Gyms (1)

  • Anytime Fitness86 m

Pharmacies (2)

  • Rexall92 m
  • Pharmasave253 m

Banks & ATMs (1)

  • Coastal Community Credit Union72 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($560,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,240,000.00
Periodic payment — Principal & Interest (monthly)$14,451.72
Additional monthly expenses (strata, tax, utilities, etc.)$777.33
Total monthly cost$15,229.05
Interest paid over 5-yr term$641,990.44
Balance at end of term$2,014,887.24

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$560,000
Stress test qualifying rate8.09%
Payment you must qualify for$17,224.82

Cash Needed at Closing

Minimum down payment$560,000
Estimated BC PTT$62,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$623,500

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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