Property Type: Detached HouseOwnership: Freehold

1361 Discovery Ave

Nanaimo, BC V9S4B5

$690,000

3 bed4 bath3 parking2,071 sqftBuilt 1949
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Property Details

Property & Lot

Sub-type
House
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,264.96

Interior

Heating
Heat Pump, Forced air
Cooling / A/C
None
Fireplace
Yes (1)
Appliances
See remarks

Exterior & Lot

View
Mountain view, Ocean view
Lot features
Central location, See remarks, Other, Marine Oriented

Building

Parcel ID (PID)
005-668-328

Parking

Total spaces
3 — covered indicated
Features
Garage

Room Dimensions

RoomLevelDimensions
EnsuiteSecond level3-Piece
BedroomSecond level
Laundry roomMain level
EnsuiteMain level5-Piece
Primary BedroomMain level
Living roomMain level
Dining roomMain level
Family roomMain level
KitchenMain level
EnsuiteSecond level3-Piece
StorageLower level
BathroomMain level3-Piece
BedroomSecond level

Listing Information

MLS®
1033014
Listed
April 22, 2026
Time on market
On the market for 131 days
Data last synced
August 31, 2026

Listing provided by: Royal LePage Nanaimo Realty (NanIsHwyN) · Data source: CREA DDF.

Description

Beautifully updated 3-bedroom, 4-bathroom home offering stunning ocean views in a prime location near the seawall, Maffeo Sutton Park, downtown, and VIU. The bright, modern kitchen features clean white cabinetry with a stylish backsplash that flows seamlessly into the inviting family room. French doors open to a sunroom where you can relax and take in the ocean views year-round. The spacious primary bedroom includes his and hers closets and a luxurious 5-piece ensuite. Upstairs, you’ll find two additional bedrooms, each with their own private ensuite—perfect for family or guests. Enjoy the private backyard oasis complete with lush gardens, flowerbeds, and a tranquil pond. Additional updates include vinyl windows, a recent roof, and durable Hardiplank exterior, making this home move-in ready and low maintenance. (id:63159)

Values & Trends

This listing

$333/sqft

Building average

No other active listings in this building

Brechin Hill average

$474/sqft

10 active listing(s)

Parking: 3 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

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

44

6/9 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
Brechin ElementaryElementary865 m
OceaneElementary1.0 km
Discover Montessori School(Independent)Elementary/Middle1.1 km
Career Technical CentreSecondary1.1 km
Cilaire ElementaryElementary1.5 km
Pauline Haarer ElementaryElementary1.8 km
Quarterway ElementaryElementary2.0 km
Fairview ElementaryElementary2.1 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+)

  • Pita Land Mideast Urban Kitchen · 1150 Terminal Avenue North325 m
  • Pizza Hut · 1150 Terminal Avenue North359 m
  • Nemo Sushi387 m
  • Manvirros Indian Grill · 1045 Terminal Avenue North427 m
  • Danpung Momiji 310 · 505 Terminal Avenue North792 m

Cafes (1)

  • Starbucks394 m

Grocery (1)

  • Bulk Barn · 1150 Terminal Avenue North386 m

Parks (3)

  • Barney Moriez Park · 450 Poplar Street279 m
  • Saint George Ravine Park · 980 Terminal Avenue North358 m
  • Chinese Memorial Gardens Park · 105 Saint George Street422 m

Pharmacies (1)

  • Medicine Shoppe Pharmacy · 1150 Terminal Avenue North333 m

Banks & ATMs (2)

  • Freedom 55 Financial310 m
  • BMO507 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 6.4% ($44,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$552,000.00
Periodic payment — Principal & Interest (monthly)$3,561.32
Additional monthly expenses (strata, tax, utilities, etc.)$542.75
Total monthly cost$4,104.06
Interest paid over 5-yr term$158,204.79
Balance at end of term$496,525.79

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$44,000
Stress test qualifying rate8.09%
Payment you must qualify for$4,967.51

Cash Needed at Closing

Minimum down payment$44,000
Estimated BC PTT$11,800
Legal / closing costs (typical estimate)$1,500
Total cash needed$57,300

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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