Property Type: Condo / ApartmentOwnership: Strata

1402 38 Front St

Nanaimo, BC V9R0B8

$759,900

2 bed2 bath1 parking1,086 sqftBuilt 2006
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Property Details

Property & Lot

Sub-type
Apartment
Zoning
Residential/Commercial

DT5

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$565/mo
Annual property tax
$4,989

Interior

Heating
Electric
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Parking

Total spaces
1 — uncovered indicated
Features
Underground

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
EnsuiteMain level3-Piece
BedroomMain level10'2 x 10'5
BathroomMain level4-Piece
Primary BedroomMain level11'6 x 11'9
Living roomMain level15'2 x 12'11
Dining roomMain level9'1 x 12'10
KitchenMain level11'7 x 8'11

Listing Information

MLS®
1042885
Listed
July 9, 2026
Time on market
On the market for 53 days
Data last synced
August 28, 2026

Listing provided by: 460 Realty Inc. (NA) · Data source: CREA DDF.

Description

Experience elevated coastal living in this 14th-floor, 2-bedroom, 2-bathroom waterfront Pacifica condo in downtown Nanaimo. This bright, open-concept home features floor-to-ceiling windows that showcase ocean, city and mountain views. Step out onto the spacious balcony to take in the scenery—perfect for morning coffee or evening relaxation. The layout seamlessly blends living, dining, and kitchen spaces, creating an ideal setting for both everyday living and entertaining. Conveniently located just steps from all amenities, including shopping, dining, the seaplane terminal, and fast ferry access, this home offers the ultimate in urban waterfront lifestyle. Additional features include secure underground parking, a separate storage locker, in-unit laundry, plus this is a pet and rental friendly building—making it a fantastic option for homeowners and investors alike. (id:63159)

Values & Trends

This listing

$700/sqft

Building average

$653/sqft

5 active listing(s)

Old City average

$550/sqft

30 active listing(s)

Parking: 1 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

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

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

67

8/9 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
Pauline Haarer ElementaryElementary460 m
Fairview ElementaryElementary1.5 km
Brechin ElementaryElementary1.7 km
Bayview ElementaryElementary1.8 km
Georgia Avenue ElementaryElementary2.0 km
Secondaire de NanaimoSecondary2.0 km
Nanaimo District SecondarySecondary2.0 km
John Barsby SecondarySecondary2.6 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+)

  • The Firehouse Grill · 75 Front Street58 m
  • Lighthouse Bistro & Pub · 50 Anchor Way76 m
  • Embers Wine & Charcuterie Cellar113 m
  • The View Oceanside Grill · 70 Church Street117 m
  • Top Notch Burgers138 m

Cafes (5+)

  • Tea on the Quay · 90 Front Street123 m
  • Javawocky Coffee House168 m
  • Modern Café · 221 Commercial Street211 m
  • Ironworks Café & Crêperie · 200 Commercial Street224 m
  • Gabriel's Gourmet Cafe · 39 Commercial Street408 m

Grocery (3)

  • The Green Store: Discount Organic · 256 Wallace Street384 m
  • ManLee Oriental · 385 Terminal Avenue432 m
  • Thrifty Foods · 650 Terminal Avenue528 m

Parks (5+)

  • Dallas Square Park · 85 Front Street88 m
  • Catherine Gisborne Garden98 m
  • Georgia Park128 m
  • Anchor Way Park · 20 Anchor Way130 m
  • Bastion Square Park · 94 Front Street185 m

Shopping (2)

  • Port Place Shopping Centre · 650 Terminal Avenue529 m
  • London Drugs · 650 Terminal Avenue544 m

Gyms (3)

  • Kind Society Yoga212 m
  • Force Boxing & Fitness · 165 Fraser Street306 m
  • Iyengar Yoga Nanaimo · 335 Wesley Street567 m

Pharmacies (2)

  • Wallace Pharmacy354 m
  • Central Drugs661 m

Banks & ATMs (5+)

  • Royal Bank of Canada · 205 Commercial Street259 m
  • Coastal Community Credit Union · 59 Wharf Street322 m
  • Scotiabank · 65 Commercial Street384 m
  • Scotiabank · 65 Commercial Street387 m
  • CIBC · 650 Terminal Avenue494 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 6.7% ($50,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$607,920.00
Periodic payment — Principal & Interest (monthly)$3,922.09
Additional monthly expenses (strata, tax, utilities, etc.)$1,034.41
Total monthly cost$4,956.50
Interest paid over 5-yr term$174,231.62
Balance at end of term$546,826.01

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$50,990
Stress test qualifying rate8.09%
Payment you must qualify for$5,451.27

Cash Needed at Closing

Minimum down payment$50,990
Estimated BC PTT$13,198
Legal / closing costs (typical estimate)$1,500
Total cash needed$65,688

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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