Property Type: Detached HouseOwnership: Freehold

2079 Bay St

Nanaimo, BC V9T4V6

$849,800

5 bed3 bath4 parking1,911 sqftBuilt 1985
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Property Details

Property & Lot

Sub-type
House
Lot size
6,460 square feet
Zoning
Residential

R1

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,286

Interior

Heating
Baseboard heaters, Electric, Wood
Cooling / A/C
None
Fireplace
Yes (2)

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
BedroomLower level10'1 x 14'8
Utility roomLower level6'5 x 8'7
BedroomMain level11'3 x 14'2
Recreation roomMain level16'5
Dining roomMain level10'1 x 10'7
KitchenMain level10'5 x 13'8
Living roomMain level17'3 x 12'10
EnsuiteMain level3-Piece
Primary BedroomMain level14'2 x 11'8
BedroomMain level9'6 x 13'4
BedroomMain level9'6 x 9'2
BathroomLower level3-Piece
BathroomMain level5-Piece

Listing Information

MLS®
1042683
Listed
July 9, 2026
Time on market
On the market for 53 days
Data last synced
August 28, 2026

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

Description

Bright, extensively updated, and ideally located in Departure Bay, this 5 bedroom, 3 bathroom home offers a great balance of space, functionality, and lifestyle. Renovated in 2018, the home features a clean, modern interior with an open concept main living area that connects the kitchen, dining, and living spaces—perfect for everyday living and hosting. The kitchen is well-appointed with updated cabinetry, stone countertops, stainless steel appliances, and modern lighting, creating a polished and cohesive feel throughout the main floor. Large windows bring in plenty of natural light, adding to the home’s bright and welcoming atmosphere. The lower level provides additional flexibility with a spacious family room, fourth bedroom, laundry area, and plenty of storage, along with convenient access to the garage—ideal for families needing extra room or separation of space. The windows, some flooring upstairs and the deck was updated in 2025.Outdoor living is just as appealing, with a generous, private deck off the dining area that’s perfect for relaxing or entertaining. Below, you’ll find added storage space, while the backyard features multiple fruit trees—including apple, plum, fig, and cherry—along with garden areas and plenty of usable space. Set in a highly desirable neighbourhood, this home is just a short walk to Departure Bay Beach and only minutes from parks, schools, shopping, and everyday amenities, offering a comfortable lifestyle in a well-established area. (id:63159)

Values & Trends

This listing

$445/sqft

Building average

No other active listings in this building

Departure Bay average

$477/sqft

37 active listing(s)

Parking: 4 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

22

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
Rock City ElementaryElementary511 m
Wellington SecondarySecondary949 m
Departure Bay ElementaryElementary1.0 km
Forest Park ElementaryElementary1.9 km
Syuẁén'ct Elementary SchoolElementary2.0 km
Uplands Park ElementaryElementary2.1 km
Cilaire ElementaryElementary2.2 km
Mount Benson ElementaryElementary2.3 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 (3)

  • Nellie's European Deli Foods & Imports · 2980 Island Highway North726 m
  • Sandy's Ukrainian Kitchen · 2980 Island Highway North731 m
  • Smitty's · 2980 Island Highway North737 m

Cafes (3)

  • Jumping Jiminy's · 2980 Island Highway North714 m
  • Chatime · 2980 Island Highway North735 m
  • Tim Hortons · 2980 Island Highway North779 m

Parks (5+)

  • Keighley Park · 2019 Bay Street100 m
  • Shaughnessy Park · 630 Shaughnessy Place205 m
  • Country Club Park 2 · 2912 Glen Eagle Crescent414 m
  • Country Club Park 3 · 3399 Country Club Drive499 m
  • Capilano Park 1 · 910 Capilano Place509 m

Banks & ATMs (1)

  • Unnamed712 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 7.1% ($59,980) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$679,840.00
Periodic payment — Principal & Interest (monthly)$4,386.10
Additional monthly expenses (strata, tax, utilities, etc.)$536.50
Total monthly cost$4,922.60
Interest paid over 5-yr term$194,844.10
Balance at end of term$611,518.28

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$59,980
Stress test qualifying rate8.09%
Payment you must qualify for$6,073.44

Cash Needed at Closing

Minimum down payment$59,980
Estimated BC PTT$14,996
Legal / closing costs (typical estimate)$1,500
Total cash needed$76,476

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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