Property Type: Condo / ApartmentOwnership: Strata

204 4820 Cedar Ridge Pl

Nanaimo, BC V9T0M7

$379,000

1 bed1 bath1 parking663 sqftBuilt 2022
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
663 square feet
Zoning
Multi-Family

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$198/mo
Annual property tax
$2,572

Interior

Heating
Baseboard heaters
Cooling / A/C
None
Fireplace
None

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
Allowed

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

Room Dimensions

RoomLevelDimensions
KitchenMain level10'3 x 12'9
Living room/Dining roomMain level11'10
Primary BedroomMain level12'7 x 9'11
BathroomMain level4-Piece
EntranceMain level4'11 x 4'2
Laundry roomMain level5'5

Listing Information

MLS®
1042174
Listed
July 2, 2026
Time on market
On the market for 60 days
Data last synced
August 28, 2026

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

Description

Welcome to Lakeview Terrace! This beautifully maintained 1-bedroom, 1-bath condo offers a bright and functional open-concept layout designed for comfortable everyday living. The spacious kitchen features quartz countertops, stainless steel appliances, a large island with seating, and ample cabinetry. A generous living area, spacious bedroom, full bathroom, dedicated laundry room, and private balcony complete this thoughtfully designed home. The unit includes one secure underground parking stall with an adjacent storage locker. Residents enjoy secure entry, a fitness centre, and a community lounge, while the affordable strata fee adds to the home's appeal. Ideally located just minutes from Long Lake, shopping, restaurants, parks, and transit, this home is a fantastic opportunity for first-time buyers, downsizers, or investors seeking comfort, convenience, and low-maintenance living. Must be seen! All data and measurement are approx., please verify if important. (id:63159)

Values & Trends

This listing

$572/sqft

Building average

$525/sqft

1 active listing(s)

Uplands average

$447/sqft

18 active listing(s)

Parking: 1 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

48

8/9 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 ElementaryElementary914 m
Mount Benson ElementaryElementary1.0 km
Randerson Ridge ElementaryElementary1.3 km
Wellington SecondarySecondary1.7 km
Rutherford ElementaryElementary2.1 km
Pleasant Valley ElementaryElementary2.2 km
Rock City ElementaryElementary2.2 km
Dover Bay SecondaryElementary2.4 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.

Nearby Places

Restaurants (4)

  • Dami Sushi · 4890 Rutherford Road439 m
  • Montana's · 4715 Rutherford Road520 m
  • Driftwood Great Chinese Buffet · 4711 Rutherford Road572 m
  • Saigon Kitchen · 5148 Metral Drive751 m

Cafes (1)

  • Tim Hortons715 m

Grocery (1)

  • Fairway Market · 103-4750 Rutherford Road479 m

Parks (5+)

  • Salal Park · 4095 Salal Drive198 m
  • Lakeview Park199 m
  • Orchard Circle Park 2493 m
  • Orchard Circle Park 1 · 4117 Orchard Circle540 m
  • Trillium Park · 3960 Trillium Lane551 m

Shopping (1)

  • Unnamed658 m

Gyms (2)

  • Fit4Less533 m
  • Lift By Annie Fit648 m

Pharmacies (2)

  • London Drugs · 4750 Rutherford Road655 m
  • Central Drugs790 m

Banks & ATMs (1)

  • Localcoin Bitcoin ATM432 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($18,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$303,200.00
Periodic payment — Principal & Interest (monthly)$1,956.14
Additional monthly expenses (strata, tax, utilities, etc.)$445.33
Total monthly cost$2,401.48
Interest paid over 5-yr term$86,897.99
Balance at end of term$272,729.38

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$18,950
Stress test qualifying rate8.09%
Payment you must qualify for$2,768.66

Cash Needed at Closing

Minimum down payment$18,950
Estimated BC PTT$5,580
Legal / closing costs (typical estimate)$1,500
Total cash needed$26,030

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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