Property Type: Detached HouseOwnership: FreeholdNEW LISTING

1370 Discovery Ave

Nanaimo, BC V9S4B4

$839,900

4 bed3 bath3 parking1,702 sqftBuilt 1968
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Property Details

Property & Lot

Sub-type
House
Lot size
7,500 square feet
Zoning
Residential

R5

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,802

Interior

Heating
Heat Pump, Forced air, Natural gas
Cooling / A/C
Air Conditioned
Fireplace
Yes (2)

Exterior & Lot

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

Building

Parcel ID (PID)
005-923-581

Parking

Total spaces
3 — uncovered indicated
Features
Stall

Room Dimensions

RoomLevelDimensions
Utility roomLower level5'6 x 5'7
BathroomLower level4-Piece
BedroomLower level11'2 x 11'7
KitchenLower level
Family roomLower level15'6
BedroomLower level15'10 x 17'9
BathroomLower level3-Piece
KitchenLower level8'5 x 10'6
BathroomMain level4-Piece
BedroomMain level9'1 x 9'5
Primary BedroomMain level11'4
KitchenMain level9'8 x 10'4
Living roomMain level16'10 x 18'1

Listing Information

MLS®
1047957
Listed
August 28, 2026
Time on market
On the market for 3 days
Data last synced
August 31, 2026

Listing provided by: REMAX Professionals (NA) · Data source: CREA DDF.

Description

Some homes simply sit right, and this one has been looked after properly. Set in Brechin Hill above Newcastle Channel, it looks out over the marinas and toward Departure Bay, a view that shifts through the day and never gets old. Built in 1968, the home keeps its character outside and has been beautifully updated within. The main level offers two bedrooms and one bathroom across 885 sq ft, finished to a standard most homes twice the size never reach: maple hardwood, a quartz kitchen with gas range, a floor to ceiling stone fireplace with a gas insert, and sliders onto a spacious covered deck. The bathroom was taken back to the studs and rebuilt, heated tile floors included. Behind the finishes, the work is done. New roof, new heat pump, new furnace and hot water tank, upgraded 200 amp service, new washer/dryer on main and thermal pane windows throughout. Nothing left on the list for the next owner. Two outdoor rooms give the home more life than its footprint suggests. Off the front entrance sits a private poured concrete courtyard, sheltered, planted and fenced, with a raised sitting area. To the rear, a garden carrying years of care: raised beds, fruit trees, berries and a greenhouse. The lower level adds 817 sq ft, finished as two self contained spaces, each with its own entrance, bathroom and separated outdoor area, one with a large slate patio. Because an internal stairwell connects every level, the floor plan adapts to the owner. Keep both spaces in use, bring one into the main living area and hold the other, or take the entire lower level back as family space, guest accommodation or a home office. The current owners have enjoyed years of strong income renting through Airbnb, inquire for more details. Minutes to the marinas, the waterfront walkway, downtown Nanaimo and the Departure Bay terminal. Lower level accommodation is unauthorized. All measurements and information are approximate and should be verified if fundamental to the purchase. (id:63159)

Values & Trends

This listing

$493/sqft

Building average

No other active listings in this building

Brechin Hill average

$458/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 ElementaryElementary901 m
OceaneElementary1.1 km
Discover Montessori School(Independent)Elementary/Middle1.2 km
Career Technical CentreSecondary1.2 km
Cilaire ElementaryElementary1.6 km
Pauline Haarer ElementaryElementary1.8 km
Quarterway ElementaryElementary2.1 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 North378 m
  • Pizza Hut · 1150 Terminal Avenue North412 m
  • Nemo Sushi440 m
  • Manvirros Indian Grill · 1045 Terminal Avenue North465 m
  • Danpung Momiji 310 · 505 Terminal Avenue North799 m

Cafes (1)

  • Starbucks447 m

Grocery (1)

  • Bulk Barn · 1150 Terminal Avenue North438 m

Parks (3)

  • Barney Moriez Park · 450 Poplar Street306 m
  • Saint George Ravine Park · 980 Terminal Avenue North374 m
  • Chinese Memorial Gardens Park · 105 Saint George Street408 m

Pharmacies (1)

  • Medicine Shoppe Pharmacy · 1150 Terminal Avenue North386 m

Banks & ATMs (2)

  • Freedom 55 Financial363 m
  • BMO555 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 7.0% ($58,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$671,920.00
Periodic payment — Principal & Interest (monthly)$4,335.00
Additional monthly expenses (strata, tax, utilities, etc.)$485.17
Total monthly cost$4,820.17
Interest paid over 5-yr term$192,574.20
Balance at end of term$604,394.21

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$58,990
Stress test qualifying rate8.09%
Payment you must qualify for$6,004.92

Cash Needed at Closing

Minimum down payment$58,990
Estimated BC PTT$14,798
Legal / closing costs (typical estimate)$1,500
Total cash needed$75,288

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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