Property Type: Condo / ApartmentOwnership: Strata

209 4820 Cedar Ridge Pl

Nanaimo, BC V9T0M7

$499,900

2 bed2 bath38 parking952 sqftBuilt 2022
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Property Details

Property & Lot

Sub-type
Apartment
Zoning
Multi-Family

R6

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$284/mo
Annual property tax
$3,399

Interior

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

Parking

Total spaces
38

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
EntranceMain level6'3 x 7'9
Laundry roomMain level5'4 x 9'2
BathroomMain level4-Piece
BedroomMain level9'11 x 12'4
EnsuiteMain level3-Piece
Primary BedroomMain level9'10 x 12'6
Living roomMain level
Dining roomMain level11'11
KitchenMain level

Listing Information

MLS®
1042706
Listed
July 8, 2026
Time on market
On the market for 54 days
Data last synced
August 28, 2026

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

Description

Now vacant and move in ready! Beautiful condo in the desirable Lakeview Terraces that is only 4 years old! This lovely home offers 2 spacious bedrooms and 2 full bathrooms. The great room is bright and airy with neutral colours and a modern finishing with quartz counters and stainless steel appliances. Ideal for anyones taste. There is also a nice patio overlooking green space perfect for morning coffee! This unit also has a nice laundry room and storage area plus there are 2 parkings stalls (One underground and one in front of the building.) Lakeview Terraces offers a great amenities building with gym, full kitchen for events, games area and more. Located within walking distance to Lakeview Park and Long Lake plus North Nanaimo Town Centre for shopping, theatres and so much more. Easy living at its best! (id:63159)

Values & Trends

This listing

$525/sqft

Building average

$572/sqft

1 active listing(s)

Uplands average

$449/sqft

18 active listing(s)

Parking: 38 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

44

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 ElementaryElementary833 m
Mount Benson ElementaryElementary1.1 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 (3)

  • Dami Sushi · 4890 Rutherford Road516 m
  • Montana's · 4715 Rutherford Road570 m
  • Driftwood Great Chinese Buffet · 4711 Rutherford Road615 m

Cafes (1)

  • Tim Hortons717 m

Grocery (1)

  • Fairway Market · 103-4750 Rutherford Road499 m

Parks (5+)

  • Salal Park · 4095 Salal Drive110 m
  • Lakeview Park242 m
  • Orchard Circle Park 2407 m
  • Orchard Circle Park 1 · 4117 Orchard Circle453 m
  • Trillium Park · 3960 Trillium Lane494 m

Shopping (1)

  • Unnamed685 m

Gyms (2)

  • Fit4Less567 m
  • Lift By Annie Fit719 m

Pharmacies (1)

  • London Drugs · 4750 Rutherford Road667 m

Banks & ATMs (1)

  • Localcoin Bitcoin ATM384 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Other Listings in This Building

Other units currently listed in the same building. 209 4820 Cedar Ridge Pl

View building profile →
Built 2022

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($24,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$399,920.00
Periodic payment — Principal & Interest (monthly)$2,580.15
Additional monthly expenses (strata, tax, utilities, etc.)$615.28
Total monthly cost$3,195.43
Interest paid over 5-yr term$114,618.22
Balance at end of term$359,729.33

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$24,995
Stress test qualifying rate8.09%
Payment you must qualify for$3,651.85

Cash Needed at Closing

Minimum down payment$24,995
Estimated BC PTT$7,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$34,493

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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