Property Type: Detached HouseOwnership: Freehold

1968 Estevan Rd

Nanaimo, BC V9S3Z2

$764,900

4 bed2 bath6 parking2,320 sqftBuilt 1957
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Property Details

Property & Lot

Sub-type
House
Lot size
13,339 square feet
Zoning
Residential

R5

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,265

Interior

Heating
Forced air
Cooling / A/C
None
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view, Ocean view

Parking

Total spaces
6

Room Dimensions

RoomLevelDimensions
BathroomLower level3-Piece
Laundry roomLower level9'4 x 7'7
BedroomLower level16'1 x 9'9
StorageLower level6'5 x 5'10
EntranceLower level6'5 x 21'4
Recreation roomLower level23'0 x 17'6
BedroomMain level9'6 x 9'10
BedroomMain level8'6 x 11'1
Primary BedroomMain level10'5 x 13'3
BathroomMain level4-Piece
KitchenMain level12'0 x 14'6
Dining roomMain level12'0 x 10'0
Living roomMain level12'3 x 18'5

Listing Information

MLS®
1040047
Listed
June 12, 2026
Time on market
On the market for 81 days
Data last synced
August 28, 2026

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

Description

Welcome to 1968 Estevan Road! If you’ve been waiting for a genuine deal in Nanaimo’s highly desirable Brechin Hill, this is it. Now re-listed at an incredible $764,900, this property is officially priced below its assessed value. That means serious instant equity and unmatched value for this neighborhood. First off, let’s talk space. This home sits on a massive lot that is over a quarter-acre (13,339 sq ft, to be exact). Properties this size in this area are a rare find. The 2,320 sq ft layout is bright and open, boasting beautiful vaulted ceilings. Step out onto the back patio to relax and take in those lovely ocean views! it is the perfect spot for your morning coffee. The main floor features 3 bedrooms, a full bathroom, and a spacious living area. Downstairs, the fully developed lower level adds a ton of flexibility with a big rec room, a den, laundry, and a second bathroom—perfect for a growing family, guests, or a home office setup. Now, for the hobbyists and creators: this property has a major bonuses. Aside from the carport and a handy garage tucked under the deck, you get a massive, detached 600 sq ft workshop. Whether you need a spot for woodworking, working on cars, storing outdoor gear, a music studio for band practice or running a business, this extra space is a huge asset. Outside, the huge backyard is a blank canvas. There is endless room for a vegetable garden, a secure place for kids and pets to play, or a summer BBQ setup. The location is unbeatable. You are just minutes from Departure Bay Beach, BC Ferries, great schools, shopping, and restaurants. An ocean-view home on over a quarter-acre with a detached shop... all for under assessed value? Opportunities like this do not last long. Want to see it for yourself? To get more info or to book your private tour, reach out to Chris Carter with Royal LePage Nanaimo Realty today! (id:63159)

Values & Trends

This listing

$330/sqft

Building average

No other active listings in this building

Brechin Hill average

$474/sqft

10 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

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

48

7/9 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
OceaneElementary75 m
Cilaire ElementaryElementary570 m
Career Technical CentreSecondary616 m
Discover Montessori School(Independent)Elementary/Middle616 m
Brechin ElementaryElementary1.4 km
Quarterway ElementaryElementary1.5 km
Forest Park ElementaryElementary2.0 km
Departure Bay ElementaryElementary2.2 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 (4)

  • Zougla · 2021 Estevan Road194 m
  • Shanghai City Restaurant614 m
  • Nemo Sushi712 m
  • Pizza Hut · 1150 Terminal Avenue North786 m

Cafes (2)

  • Tim Hortons458 m
  • Black Magic Coffee House636 m

Grocery (2)

  • Save-On-Foods566 m
  • Bulk Barn · 1150 Terminal Avenue North756 m

Parks (4)

  • Estevan Park · 1885 Estevan Road163 m
  • Beach Estates Park · 2140 Departure Bay Road326 m
  • Barney Moriez Park · 450 Poplar Street724 m
  • Cilaire Park 2 · 121 Cilaire Drive760 m

Gyms (3)

  • Anytime Fitness574 m
  • Fit Body Boot Camp588 m
  • Island Optimal Performance Centre703 m

Pharmacies (1)

  • Anchor Compounding Pharmacy466 m

Banks & ATMs (3)

  • BMO547 m
  • Unnamed622 m
  • RBC629 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 6.7% ($51,490) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$611,920.00
Periodic payment — Principal & Interest (monthly)$3,947.90
Additional monthly expenses (strata, tax, utilities, etc.)$554.75
Total monthly cost$4,502.65
Interest paid over 5-yr term$175,378.03
Balance at end of term$550,424.02

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$51,490
Stress test qualifying rate8.09%
Payment you must qualify for$5,485.87

Cash Needed at Closing

Minimum down payment$51,490
Estimated BC PTT$13,298
Legal / closing costs (typical estimate)$1,500
Total cash needed$66,288

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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