Property Type: Mobile / ManufacturedOwnership: Leasehold

1948 Valley Oak Dr

Nanaimo, BC V9R6N1

$369,000

2 bed2 bath2 parking1,268 sqftBuilt 2003
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Property Details

Property & Lot

Sub-type
Manufactured Home
Zoning
Residential

R-12

Ownership & Fees

Property type
Mobile / Manufactured
Ownership
Leasehold
Strata / maintenance fee
$600/mo
Annual property tax
$3,159

Interior

Heating
Heat Pump, Forced air, Electric
Cooling / A/C
Air Conditioned
Fireplace
None

Parking

Total spaces
2 — covered indicated
Features
Carport

Restrictions & Policies

Pets
Allowed with restrictions
Age / occupancy
Age restriction applies

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

Room Dimensions

RoomLevelDimensions
StorageOther
StorageMain level8'0 x 10'0
EnsuiteMain level8'2 x 5'0
Primary BedroomMain level11'3 x 14'9
BedroomMain level11'7 x 8'4
Laundry roomMain level8'1 x 8'4
BathroomMain level8'1 x 5'0
DenMain level8'1 x 10'4
Living roomMain level11'3 x 19'4
Dining roomMain level11'3 x 12'7
KitchenMain level11'3 x 12'5
EntranceMain level8'3 x 4'3

Listing Information

MLS®
1044203
Listed
July 27, 2026
Time on market
On the market for 35 days
Data last synced
August 28, 2026

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

Description

Nestled in the desirable 45+ Valley Oak Estates community, this beautifully maintained 2-bedroom plus den home offers comfortable, easy-care living in a fantastic location. With 1,268 sq. ft. of bright, functional living space, you'll appreciate the spacious primary bedroom with ensuite, convenient in-suite laundry, and flexible den perfect for a home office, hobby room, or guest space. Recent updates include a brand-new furnace, heat pump, and hot water tank, ensuring year-round comfort and efficiency. Step outside to the large covered deck ideal for relaxing or entertaining, with wheelchair access from the carport. The private, low-maintenance backyard includes a wired workshop/shed for the handyman or hobbyist. Just moments from the bird sanctuary, VIU, aquatic center, shopping, and transit, this move-in-ready home offers a wonderful lifestyle in one of Nanaimo's most convenient locations. (id:63159)

Values & Trends

This listing

$291/sqft

Building average

No other active listings in this building

University District average

$334/sqft

2 active listing(s)

Parking: 2 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

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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

11

1/9 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
Nanaimo District SecondarySecondary1.3 km
Secondaire de NanaimoSecondary1.3 km
Quarterway ElementaryElementary1.3 km
Fairview ElementaryElementary1.5 km
Nanaimo Christian School(Independent)K-121.8 km
Brechin ElementaryElementary1.9 km
Discover Montessori School(Independent)Elementary/Middle2.0 km
Career Technical CentreSecondary2.0 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

Parks (5+)

  • Valley Oak Park · 1900 Jingle Pot Road107 m
  • Black Diamond Park · 281 Chambers Place357 m
  • West Marsh Park · 175 Pryde Avenue380 m
  • Wessex Lane Park · 364 Wessex Lane487 m
  • Buttertubs Marsh Park540 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($18,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$295,200.00
Periodic payment — Principal & Interest (monthly)$1,904.53
Additional monthly expenses (strata, tax, utilities, etc.)$926.25
Total monthly cost$2,830.78
Interest paid over 5-yr term$84,605.17
Balance at end of term$265,533.35

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$18,450
Stress test qualifying rate8.09%
Payment you must qualify for$2,695.61

Cash Needed at Closing

Minimum down payment$18,450
Estimated BC PTT$5,380
Legal / closing costs (typical estimate)$1,500
Total cash needed$25,330

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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