1446 Cranberry Ave
Nanaimo, BC V9R6R7
$599,000
Property Details
Property & Lot
- Lot size
- 0.97 acres
- Zoning
- Residential
R5
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $0
Interior
- Fireplace
- None
Listing Information
- MLS®
- 1025468
- Listed
- February 10, 2026
- Time on market
- On the market for 202 days
- Data last synced
- August 28, 2026
Listing provided by: Real Broker · Data source: CREA DDF.
Description
Prime Development Opportunity in Nanaimo This exceptional nearly one-acre (.98) vacant lot presents an unparalleled opportunity for discerning builders and land developers. Situated in a thriving family-oriented community and directly across from an Elementary School, this property is currently zoned R5, offering extensive possibilities for multi-family new construction. With the city’s favorable stance towards higher density (subject to approval), this is an ideal location for innovative development. Seize this chance to contribute to the growth of Nanaimo while creating a legacy in a sought-after neighborhood. (id:63159)
Location Insights
Weather
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
22
4/9 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
| School | Type | Distance |
|---|---|---|
| Chase River Elementary | Elementary | 141 m |
| Fulford Community Elementary | Elementary | 1.5 km |
| Cinnabar Valley Elementary | Elementary | 1.5 km |
| Park Avenue Elementary | Elementary | 2.8 km |
| Bayview Elementary | Elementary | 3.5 km |
| John Barsby Secondary | Secondary | 3.5 km |
| Learning Alternatives | Secondary | 3.5 km |
| Qwam Qwum Stuwixwulh Community School | Elementary | 3.6 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 (1)
- Maggie's Seafood Market Fish & Chips728 m
Grocery (1)
- Country Grocer · 82 Twelfth Street665 m
Parks (5+)
- Cowling Park · 108 Cowling Place170 m
- John Weeks Park · 1407 Trans-Canada Highway232 m
- Wexford Park · 2322 Glenford Place454 m
- Roberta Road Park610 m
- Hosanna Park · 1599 Extension Road639 m
Pharmacies (1)
- Pharmasave748 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.8% ($34,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.