Property Type: Land / LotOwnership: Freehold

1520 Frew Rd

Nanaimo, BC V9X1K9

$299,900

0 bed0 bath
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Property Details

Property & Lot

Lot size
0.58 acres
Zoning
Agricultural

AR1

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,743

Interior

Fireplace
None

Listing Information

MLS®
1041528
Listed
June 25, 2026
Time on market
On the market for 67 days
Data last synced
August 28, 2026

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

Description

Priced well below assessed value! Build your vision on this 25,000 sqft property conveniently located within Nanaimo city limits. Zoned AR-1 (Agricultural Rural Residential), the property offers excellent flexibility with permitted uses including a single-family residence, mobile home, horse stable, boarding kennel, pet daycare, and more. Municipal water service is available, while mature trees help create a private and peaceful setting. Enjoy the balance of rural potential and urban convenience with quick access to the Island Highway, public transit, shopping, restaurants, healthcare services, and other amenities. A unique opportunity to secure a sizeable parcel with endless possibilities for future development and use. (id:63159)

Location Insights

Weather

Mainly Sunny

10°C

Mainly Sunny

Humidity 99%

Wind N 2 km/h

Today

21°

Tonight

14°

Wednesday

16°

Wednesday night

12°

Thursday

16°

Thursday night

11°

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.

Nearby Schools

SchoolTypeDistance
Chase River ElementaryElementary1.2 km
Cinnabar Valley ElementaryElementary2.1 km
Qwam Qwum Stuwixwulh Community SchoolElementary2.4 km
Fulford Community ElementaryElementary2.5 km
Cedar SecondarySecondary3.0 km
Park Avenue ElementaryElementary3.8 km
Bayview ElementaryElementary4.3 km
John Barsby SecondarySecondary4.5 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.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($14,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$239,920.00
Periodic payment — Principal & Interest (monthly)$1,547.88
Additional monthly expenses (strata, tax, utilities, etc.)$228.58
Total monthly cost$1,776.47
Interest paid over 5-yr term$68,761.76
Balance at end of term$215,808.82

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$14,995
Stress test qualifying rate8.09%
Payment you must qualify for$2,190.82

Cash Needed at Closing

Minimum down payment$14,995
Estimated BC PTT$3,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$20,493

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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