1601 Townsite Rd
Nanaimo, BC V9S1M9
$640,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 10,509 square feet
- Zoning
- Residential
R5
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,206
Interior
- Heating
- Baseboard heaters, Electric
- Cooling / A/C
- None
- Fireplace
- None
Exterior & Lot
- View
- Mountain view
Parking
- Features
- Street
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Dining room | Lower level | 11'2 |
| Dining room | Main level | 8'5 x 10'10 |
| Bedroom | Lower level | 6'9 x 10'4 |
| Bedroom | Lower level | 8'9 x 9'9 |
| Living room | Lower level | 11'2 x 13'11 |
| Living room | Main level | 10'9 x 11'8 |
| Laundry room | Lower level | 8'7 x 14'6 |
| Laundry room | Main level | 4'7 x 5'8 |
| Kitchen | Lower level | 7'11 x 10'5 |
| Kitchen | Main level | 9'2 x 10'0 |
| Entrance | Lower level | 4'0 x 5'4 |
| Entrance | Main level | 4'10 x 8'10 |
| Primary Bedroom | Lower level | 10'5 x 13'7 |
| Bedroom | Main level | 8'5 x 10'2 |
| Bedroom | Main level | 8'9 x 10'2 |
| Primary Bedroom | Main level | 9'3 x 15'1 |
| Bathroom | Lower level | 4-Piece |
| Bathroom | Main level | 4-Piece |
Listing Information
- MLS®
- 1041657
- Listed
- July 8, 2026
- Time on market
- On the market for 54 days
- Data last synced
- August 28, 2026
Listing provided by: Pemberton Holmes Ltd. (Pkvl) · Data source: CREA DDF.
Description
Excellent investment opportunity in a prime central Nanaimo location just two blocks from the hospital, making it an ideal rental property for healthcare professionals and other nearby employees. Two self contained suites, each featuring 3 bedrooms and 1 bathroom, providing strong rental appeal and excellent income potential. Both units are occupied by reliable long term tenants, making this a true turnkey investment. With separate hydro meters, utility management is simple and efficient. Enjoy beautiful views of Mt. Benson from this desirable property, conveniently located close to shopping, schools, transit and other amenities. Whether you're looking to expand your investment portfolio or live in one suite while generating income from the other, this property offers outstanding flexibility and value. OCP designated ''Neighbourhood'' zoning with future multifamily development potential. (id:63159)
Values & Trends
This listing
$326/sqft
Building average
—
No other active listings in this building
Central Nanaimo average
$414/sqft
19 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
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
41
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
| School | Type | Distance |
|---|---|---|
| Quarterway Elementary | Elementary | 255 m |
| Discover Montessori School(Independent) | Elementary/Middle | 714 m |
| Career Technical Centre | Secondary | 714 m |
| Oceane | Elementary | 1.2 km |
| Brechin Elementary | Elementary | 1.3 km |
| Cilaire Elementary | Elementary | 1.5 km |
| Forest Park Elementary | Elementary | 1.5 km |
| Fairview Elementary | Elementary | 2.0 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.
Nearby Places
Restaurants (5+)
- O'Falafel222 m
- Off The Hook241 m
- Kim's Korean BBQ House · 1607 Bowen Road286 m
- Pho V. Ta Vietnamese Restaurant312 m
- Beaufort Pizza & Pasta397 m
Cafes (2)
- Drip Coffee Social · 1515 Dufferin Crescent282 m
- Tim Hortons · 1812 Bowen Road683 m
Grocery (2)
- Alpha African-Caribbean Food Store316 m
- Sabzi Mandi Supermarket447 m
Parks (5+)
- Duggan Road Park330 m
- Beaufort Park · 69 Lorne Place403 m
- Koram Park461 m
- Thunderbird Park 1 · 1100 Thunderbird Drive540 m
- Gyro (Waddington) Park · 711 Waddington Road585 m
Gyms (3)
- Harbour City Fitness and Tanning · 1451 Bowen Road469 m
- CJ Martial Arts & Fitness · 1722 Bowen Road526 m
- Island Optimal Performance Centre645 m
Pharmacies (1)
- Pharmasave · 1816 Bowen Road762 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 6.1% ($39,000) — 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.