Property Type: Condo / ApartmentOwnership: Strata

205 311 Mt. Benson St

Nanaimo, BC V9S1B7

$275,000

1 bed1 bath1 parking619 sqftBuilt 1991
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Property Details

Property & Lot

Sub-type
Apartment
Zoning
Multi-Family

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$370/mo
Annual property tax
$2,192.82

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
None

Parking

Total spaces
1

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
BathroomMain level4-Piece
Primary BedroomMain level10'0 x 12'9
Living roomMain level12'2 x 18'4
Dining roomMain level7'0 x 8'5
KitchenMain level7'0 x 8'1
EntranceMain level3'7 x 8'5

Listing Information

MLS®
1039379
Listed
June 6, 2026
Time on market
On the market for 86 days
Data last synced
August 28, 2026

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

Description

Top-floor updated corner unit only 400m from the ocean, with nothing but trees to be seen outside the windows! This is a great little building managed by Widsten, close to downtown yet tucked away quietly near Bowen Park and just 3 and a half blocks from the Brechin/Newcastle waterfront. This 1-bedroom unit features a good-sized covered balcony among the tree canopy, in-suite laundry, a beautiful wood accent wall, lots of tile, and a renovated kitchen/bathroom. There's a secure underground parking garage with bike storage and storage lockers. Owner occupied, pets allowed (over 15 lbs requires strata approval). (id:63159)

Values & Trends

This listing

$444/sqft

Building average

No other active listings in this building

Central Nanaimo average

$440/sqft

27 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

30

4/9 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
Brechin ElementaryElementary646 m
Pauline Haarer ElementaryElementary742 m
Fairview ElementaryElementary1.1 km
Discover Montessori School(Independent)Elementary/Middle1.7 km
Career Technical CentreSecondary1.7 km
Nanaimo District SecondarySecondary1.8 km
Secondaire de NanaimoSecondary1.8 km
OceaneElementary1.9 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)

  • Carbone Pizzeria · 215 Terminal Avenue North69 m
  • White Spot193 m
  • Danpung Momiji 310 · 505 Terminal Avenue North332 m
  • Real Meals Nanaimo · 621 Townsite Road649 m

Cafes (1)

  • Tim Hortons · 15 Wallace Street642 m

Parks (5+)

  • Caledonia Park · 110 Wall Street200 m
  • Barsby Park202 m
  • Queen Elizabeth II Promenade407 m
  • Pearson Park417 m
  • Elks Park · 940 Comox Road516 m

Banks & ATMs (1)

  • Instacoin ATM659 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($13,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$220,000.00
Periodic payment — Principal & Interest (monthly)$1,419.37
Additional monthly expenses (strata, tax, utilities, etc.)$583.74
Total monthly cost$2,003.10
Interest paid over 5-yr term$63,052.63
Balance at end of term$197,890.71

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$13,750
Stress test qualifying rate8.09%
Payment you must qualify for$2,008.92

Cash Needed at Closing

Minimum down payment$13,750
Estimated BC PTT$3,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$18,750

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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