Property Type: Condo / ApartmentOwnership: Strata

180 Rainbow Cres

Nanaimo, BC V9T4Y2

$1,195,000

6 bed4 bath5 parking5,057 sqftBuilt 1997
Get Directions

Property Details

Property & Lot

Sub-type
House
Lot size
7,040 square feet
Zoning
Residential

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$370/mo
Annual property tax
$7,262

Interior

Heating
Heat Pump, Forced air, Electric
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Exterior & Lot

View
City view, Lake view, Mountain view

Parking

Total spaces
5 — covered indicated
Features
Garage

Restrictions & Policies

Pets
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
OtherOther6'10 x 9'8
OtherOther4'10 x 5'8
BedroomOther12'8 x 15'4
BedroomOther11'11 x 13'3
Dining roomOther6'6 x 11'0
KitchenOther6'6 x 10'1
Living roomOther17'0 x 20'8
BathroomOther4-Piece
EntranceOther7'5 x 10'2
Laundry roomOther4'8 x 9'9
BedroomLower level12'5 x 13'4
BedroomLower level10'5 x 12'3
KitchenLower level8'8 x 17'0
Family roomLower level15'6 x 21'2
BathroomLower level4-Piece
Laundry roomLower level8'7 x 9'5
Recreation roomLower level14'4 x 23'5
OtherLower level8'8 x 11'0
StorageLower level8'3 x 11'7
EntranceMain level5'8 x 6'4
Dining nookMain level7'8 x 10'0
KitchenMain level11'10 x 13'1
Dining roomMain level9'5 x 11'5
Living roomMain level13'8 x 14'2
EnsuiteMain level4-Piece
Primary BedroomMain level12'4 x 15'0
BathroomMain level4-Piece
BedroomMain level10'10 x 11'11
Laundry roomMain level5'1 x 8'5

Listing Information

MLS®
1046634
Listed
August 12, 2026
Time on market
On the market for 19 days
Data last synced
August 28, 2026

Listing provided by: REMAX Professionals (NA) · Data source: CREA DDF.

Description

180 Rainbow Crescent Stylish level entry home with outstanding lake and mountain views from all 3 levels. You will be awestruck by the calibre of the views of Long Lake below you, Diver Lake in background, and Mt Benson as a spectacular backdrop. The main level is easy-to-access with gorgeous views and southern exposure from the living, dining, primary bedroom, ensuite and deck. The island kitchen was recently remodeled with classy quartz countertops and backsplash, induction cooktop, quality appliances, rollout shelves and LeMans II System, OTR microwave oven, tasteful white cabinetry and new plumbing and lighting fixtures. An adjoining nook is the ideal media space or quiet place for reading a book. This level features 9’ ceilings for optimal natural lighting, warm floor coverings, crown moldings, and picture windows to showcase the views. A spacious dining and living room open onto the deck with another access from the primary bedroom. The main bedroom features an ensuite with soaker tub with panoramic views yet maintains your privacy. A deep walk-in closet, 2nd bedroom, laundry, and access to the oversized double garage complete this level. The lower level features a two bedroom suite with separate access and laundry, spacious room sizes, and classy kitchen cabinetry. The mid level features 2100+sf with abundant storage, summer kitchen, two bedrooms, inside access to main level, laundry, deck, and family room. The location in Long Lake Heights is proximate to shopping, schools, and parks. All measurements are approximate and should be verified if important. (id:63159)

Values & Trends

This listing

$236/sqft

Building average

No other active listings in this building

Uplands average

$465/sqft

18 active listing(s)

Parking: 5 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

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

11

2/9 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
Uplands Park ElementaryElementary696 m
Mount Benson ElementaryElementary828 m
Wellington SecondarySecondary1.1 km
Rock City ElementaryElementary1.6 km
Randerson Ridge ElementaryElementary1.8 km
Syuẁén'ct Elementary SchoolElementary2.2 km
Rutherford ElementaryElementary2.5 km
Pleasant Valley ElementaryElementary2.8 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)

  • Golden Inn Seafood Restaurant · 3901 Victoria Avenue588 m

Parks (5+)

  • Trillium Park · 3960 Trillium Lane270 m
  • Loudon Park and Trail · 2 Lake Road381 m
  • Lakeview Park496 m
  • Sunrise Place Park · 3675 Sunrise Place551 m
  • Orchard Circle Park 2604 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 7.9% ($94,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$956,000.00
Periodic payment — Principal & Interest (monthly)$6,167.79
Additional monthly expenses (strata, tax, utilities, etc.)$1,228.17
Total monthly cost$7,395.95
Interest paid over 5-yr term$273,992.35
Balance at end of term$859,925.09

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$94,500
Stress test qualifying rate8.09%
Payment you must qualify for$8,462.46

Cash Needed at Closing

Minimum down payment$94,500
Estimated BC PTT$21,900
Legal / closing costs (typical estimate)$1,500
Total cash needed$117,900

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.

Request more information