Property Type: Land / LotOwnership: FreeholdNEW LISTING

212 Captain Morgans Blvd

Protection Island, BC V9R6R1

$599,900

0 bed0 bath
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Property Details

Property & Lot

Lot size
10,366 square feet
Zoning
Residential

R3

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$4,233.54

Interior

Fireplace
None

Exterior & Lot

View
Ocean view
Waterfront
Waterfront on ocean

Parking

Features
None

Listing Information

MLS®
1048025
Listed
August 28, 2026
Time on market
On the market for 3 days
Data last synced
August 28, 2026

Listing provided by: Select Real Estate · Data source: CREA DDF.

Description

Welcome to one of the last remaining WATERFRONT lots on Protection Island. Accessible by a 10 minute passenger ferry trip from Nanaimo Harbour or by private boat, this little island will lower your blood pressure the moment you step on. Unlike a lot of other local islands this one is serviced with sewer, water and power, making building on it much simpler. It's just enough out of the way to get the peace you are looking for, yet close enough to get to work or school each day with ease. Call today for details! (id:63159)

Location Insights

Weather

Nearest station: Nanaimo

Partly Cloudy

15°C

Partly Cloudy

Humidity 87%

Wind SW 3 km/h

Tonight

12°

Tuesday

21°

Tuesday night

14°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

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
Pauline Haarer ElementaryElementary2.0 km
Bayview ElementaryElementary2.7 km
Brechin ElementaryElementary2.9 km
Fairview ElementaryElementary3.0 km
Georgia Avenue ElementaryElementary3.4 km
Secondaire de NanaimoSecondary3.6 km
Nanaimo District SecondarySecondary3.6 km
OceaneElementary3.8 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+)

  • Captain Flint Park · 153 Captain Morgans Boulevard132 m
  • Gallows Point Light Park · 208 Colvilleton Trail268 m
  • Underwear Island373 m
  • Captain Morgan Park · 174 Pirates Lane396 m
  • Smugglers Park · 86 Captain Morgans Boulevard608 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.8% ($34,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$479,920.00
Periodic payment — Principal & Interest (monthly)$3,096.28
Additional monthly expenses (strata, tax, utilities, etc.)$352.80
Total monthly cost$3,449.08
Interest paid over 5-yr term$137,546.45
Balance at end of term$431,689.59

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$34,990
Stress test qualifying rate8.09%
Payment you must qualify for$4,343.96

Cash Needed at Closing

Minimum down payment$34,990
Estimated BC PTT$9,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$46,488

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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