Property Type: Detached HouseOwnership: Freehold

1860 Morello Rd

Nanoose Bay, BC V9P9B1

$1,249,000

4 bed3 bath6 parking3,056 sqftBuilt 2019
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Property Details

Property & Lot

Sub-type
House
Lot size
5.11 acres
Zoning
Unknown

RR2

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,165

Interior

Heating
Heat Pump, Baseboard heaters, Forced air, Electric
Cooling / A/C
Air Conditioned
Fireplace
Yes (2)

Exterior & Lot

View
Mountain view, Ocean view

Parking

Total spaces
6

Room Dimensions

RoomLevelDimensions
Living room/Dining roomLower level
BedroomLower level11'9 x 12'2
DenLower level11'11
DenLower level
BathroomLower level3-Piece
KitchenLower level11'10 x 12'9
BedroomMain level9'11 x 10'2
BathroomMain level4-Piece
BedroomMain level9'11 x 10'2
EnsuiteMain level4-Piece
Primary BedroomMain level12'8 x 12'9
Living roomMain level
Dining roomMain level
KitchenMain level10'5 x 14'1
Laundry roomMain level7'1 x 7'3
EntranceMain level3'11 x 7'8

Listing Information

MLS®
1038545
Listed
May 28, 2026
Time on market
On the market for 95 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Nanaimo Realty (NanIsHwyN) · Data source: CREA DDF.

Description

Just off the main paved Morello Road, a steep gravel driveway leads to a jewel of a property including the still like new 4-bed, 3-bath home. Perched on a 5.11-acre hillside property overlooking stunning views of Nanoose Bay, Salish Sea, & the Coastal mountains. The main floor features vaulted ceilings, picture windows, an open living/dining area with a cozy stove, a large kitchen with ample cabinetry, 3 bedrooms including the primary bedroom and 4pce ensuite, a 4pce main bath, laundry room, and a wrap around balcony with multiple seating areas. Downstairs is a bright 1-bed in-law suite with its own kitchen, den, flex room, 3-pce bath, laundry, and walkout patio. Additional features include an electric furnace with heat pump, metal roof, drilled well, septic & the remainder of the builders warranty. Ideal for horse lovers, the large yard includes a flat paddock area with shelter and covered storage. A unique property with incredible potential with great zoning and unforgettable views. (id:63159)

Values & Trends

This listing

$409/sqft

Building average

No other active listings in this building

Nanoose average

$628/sqft

47 active listing(s)

Parking: 6 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

Nearest station: Qualicum Beach

16°C

Humidity 73%

Wind WSW 4 km/h

Tonight

13°

Tuesday

19°

Tuesday night

14°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Mountain View ElementaryElementary2.7 km
Nanoose Bay ElementaryElementary3.2 km
Errington ElementaryElementary8.9 km
Springwood ElementaryElementary9.1 km
Ecole Secondaire Ballenas SecondarySecondary10.6 km
Pass/Woodwinds AlternateSecondary10.7 km
Seaview ElementaryElementary11.2 km
Aspengrove School(Independent)K-1212.4 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: Qualicum (SD69)

Mortgage & Ownership Cost Calculator

Minimum required: 8.0% ($99,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$999,200.00
Periodic payment — Principal & Interest (monthly)$6,446.50
Additional monthly expenses (strata, tax, utilities, etc.)$500.08
Total monthly cost$6,946.58
Interest paid over 5-yr term$286,373.59
Balance at end of term$898,783.63

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$99,900
Stress test qualifying rate8.09%
Payment you must qualify for$8,836.18

Cash Needed at Closing

Minimum down payment$99,900
Estimated BC PTT$22,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$124,380

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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