1520 Lazo Lane
Nanaimo, BC V9X1M9
$1,690,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 4.94 acres
- Zoning
- Agricultural
AG1
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,148
Interior
- Heating
- Heat Pump, Forced air, Electric, Propane, Wood
- Cooling / A/C
- Central air conditioning, Fully air conditioned
- Fireplace
- Yes (4)
Exterior & Lot
- View
- River view, View
- Waterfront
- Waterfront on river
Parking
- Total spaces
- 10
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Entrance | Main level | 7'4 x 7'0 |
| Bedroom | Main level | 12'11 x 13'6 |
| Dining room | Main level | 17'4 x 12'3 |
| Living room | Main level | 15'7 x 22'7 |
| Kitchen | Main level | 11'4 x 10'9 |
| Bathroom | Main level | 11'0 x 9'11 |
| Primary Bedroom | Main level | 21'5 x 13'8 |
| Workshop | Other | 26'11 x 40'10 |
| Ensuite | Second level | 15'1 x 11'11 |
| Sitting room | Second level | 13'1 x 10'3 |
| Bedroom | Second level | 14'3 x 11'11 |
| Bathroom | Second level | 5'11 x 11'11 |
| Primary Bedroom | Second level | 17'5 x 21'11 |
| Bedroom | Second level | 11'3 x 11'11 |
| Laundry room | Second level | 13'5 x 6'8 |
| Bedroom | Second level | 10'11 x 17'9 |
| Dining nook | Main level | 11'7 x 8'0 |
| Living room | Main level | 16'8 x 15'11 |
| Den | Main level | 12'0 x 16'7 |
| Pantry | Main level | 5'1 x 8'7 |
| Bathroom | Main level | 4'11 x 8'8 |
| Utility room | Main level | 10'5 x 7'5 |
| Kitchen | Main level | 15'10 x 12'2 |
| Entrance | Main level | 10'3 x 16'7 |
| Family room | Main level | 19'11 x 22'7 |
| Dining room | Main level | 14'1 x 14'6 |
| Office | Main level | 13'10 x 16'8 |
Listing Information
- MLS®
- 1036084
- Listed
- May 7, 2026
- Time on market
- On the market for 116 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Nanaimo Realty LD · Data source: CREA DDF.
Description
Stunning 4.95-acre Cedar estate blending ultimate privacy with luxurious turn-key living. Accessed by a private driveway over a tranquil creek, this property features a 4-bed, 3-bath main home and a brand-new carriage house. The 4,000 sq ft main residence boasts oak floors, marble counters, a gourmet kitchen, and a primary suite with a jetted tub and dual shower. Extensive recent upgrades include a new HVAC system, overhauled septic, well filtration, and newer kitchen appliances. The impressive new carriage house offers a 1,128 sq ft heated workshop with 11ft ceilings, a 2 ton hoist, and an RV carport. Above, find a brand new beautifully finished 1,509 sq ft 2-bed, 1-bath suite with a cedar balcony overlooking the creek. Outdoors, enjoy an enlarged pond, a new greenhouse, fenced raised garden beds, beautiful creek and stream. Minutes to Cedar Village, trails, and ferries. An exceptional oasis! (id:63159)
Values & Trends
This listing
$303/sqft
Building average
—
No other active listings in this building
Cedar average
$717/sqft
30 active listing(s)
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
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.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Cedar Secondary | Secondary | 1.8 km |
| Qwam Qwum Stuwixwulh Community School | Elementary | 2.2 km |
| Cedar Elementary | Elementary | 2.8 km |
| Chase River Elementary | Elementary | 5.8 km |
| Gabriola Elementary | Elementary | 6.3 km |
| Cinnabar Valley Elementary | Elementary | 6.4 km |
| Fulford Community Elementary | Elementary | 6.8 km |
| Park Avenue Elementary | Elementary | 8.0 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)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($338,000) — 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.