Property Type: Detached HouseOwnership: FreeholdRECENTLY LISTED

198 Heritage Dr

Nanaimo, BC V9V1J9

$1,449,900

4 bed4 bath6 parking3,563 sqftBuilt 1993
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Property Details

Property & Lot

Sub-type
House
Lot size
9,373 square feet
Zoning
Residential

R1

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$9,535

Interior

Heating
Heat Pump
Cooling / A/C
Air Conditioned, See Remarks
Fireplace
Yes (2)

Exterior & Lot

View
Mountain view, Ocean view

Parking

Total spaces
6

Room Dimensions

RoomLevelDimensions
BathroomLower level3-Piece
BathroomMain level2-Piece
BathroomSecond level4-Piece
EnsuiteSecond level3-Piece
Recreation roomLower level10'11
BedroomLower level
BedroomSecond level9'11 x 12'4
BedroomSecond level10'6 x 12'6
Primary BedroomSecond level14'11
Dining roomMain level12'4 x 12'4
Dining nookMain level8'11
KitchenMain level11'4 x 13'2
Family roomMain level14'8 x 14'10
Living roomMain level15'8 x 17'3
EntranceMain level7'11 x 8'4

Listing Information

MLS®
1047889
Listed
August 26, 2026
Time on market
On the market for 5 days
Data last synced
August 28, 2026

Listing provided by: 460 Realty Inc. (NA) · Data source: CREA DDF.

Description

Perched atop a quiet cul-de-sac, this impressive 3,500 sq. ft. executive custom home offers 4 bedrooms, 4 bathrooms, and breathtaking ocean views that truly must be seen to be appreciated. The main level is designed for both everyday living and entertaining, featuring a spacious living room with soaring vaulted ceilings, a cozy family room with a gas fireplace, and a beautifully appointed kitchen complete with a massive island and walk-in pantry. Upstairs, the primary suite showcases some of Nanaimo's most spectacular ocean views, while two additional bedrooms each feature their own walk-in closets. The lower level includes a spacious fourth bedroom that also makes an ideal theatre, media, or recreation room. Outside, the backyard has been thoughtfully redesigned with entertaining in mind, offering a covered gazebo perfect for whale watching, your own putting green, a gas firepit, and spectacular views across the Strait of Georgia. A rare opportunity to own a truly one-of-a-kind home. (id:63159)

Values & Trends

This listing

$407/sqft

Building average

No other active listings in this building

North Nanaimo average

$428/sqft

82 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

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
Frank J. Ney ElementaryElementary363 m
Hammond Bay ElementaryElementary1.7 km
Rutherford ElementaryElementary2.4 km
Uplands Park ElementaryElementary2.7 km
Randerson Ridge ElementaryElementary3.1 km
Rock City ElementaryElementary3.1 km
Dover Bay SecondaryElementary3.2 km
McGirr ElementaryElementary3.2 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

Parks (5+)

  • Fillinger Waterfront Park 2 · 4986 Fillinger Crescent91 m
  • Fillinger Waterfront Park 1175 m
  • Williamson Road Park · 5250 Williamson Road406 m
  • Carriage Way Park · 5093 Carriage Drive416 m
  • Harry Wipper Park · 5050 Hammond Bay Road510 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 8.3% ($119,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,159,920.00
Periodic payment — Principal & Interest (monthly)$7,483.41
Additional monthly expenses (strata, tax, utilities, etc.)$972.58
Total monthly cost$8,455.99
Interest paid over 5-yr term$332,436.41
Balance at end of term$1,043,351.79

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$119,990
Stress test qualifying rate8.09%
Payment you must qualify for$10,226.54

Cash Needed at Closing

Minimum down payment$119,990
Estimated BC PTT$26,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$148,488

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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