2145 Michigan Way
Nanaimo, BC V9R5K3
$885,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 8,161 square feet
- Zoning
- Residential
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,990
Interior
- Heating
- Heat Pump, Electric
- Cooling / A/C
- Air Conditioned
- Fireplace
- Yes (2)
Exterior & Lot
- View
- Lake view
- Waterfront
- Waterfront on lake
Parking
- Total spaces
- 2
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Storage | Main level | 6'0 x 8'0 |
| Patio | Main level | 12'0 x 20'8 |
| Sunroom | Main level | 11'9 x 15'2 |
| Ensuite | Main level | 3-Piece |
| Primary Bedroom | Main level | 11'11 x 14'6 |
| Bedroom | Main level | 9'5 x 10'4 |
| Family room | Main level | 12'7 x 14'9 |
| Eating area | Main level | 5'2 x 11'5 |
| Kitchen | Main level | 10'10 x 11'5 |
| Bathroom | Main level | 4-Piece |
| Bedroom | Main level | 10'4 x 12'9 |
| Laundry room | Main level | 6'11 x 7'3 |
| Dining room | Main level | 10'8 x 14'9 |
| Living room | Main level | 14'8 x 14'10 |
| Entrance | Main level | 5'4 x 7'10 |
Listing Information
- MLS®
- 1043286
- Listed
- July 27, 2026
- Time on market
- On the market for 35 days
- Data last synced
- August 28, 2026
Listing provided by: REMAX Professionals (NA) · Data source: CREA DDF.
Description
A peaceful lakefront setting with privacy, dock, and ease of access: the hallmarks of your retirement home. This well maintained 1911sf rancher is located on Cathers Lake, with a beautiful south-facing lake view, gentle pathway to the gazebo, dock and water, and comfortable patio with shade trees. Pride of ownership is reflected in the care of the home from the gardens to the interior. An addition in 2003 added a beautiful sunroom with gas fireplace, skylights, large windows and slider onto the lakeview patio, optimizing natural light. Also adjoining the island kitchen is a sunken family room with corner gas fireplace. This great room is complemented by a ductless heat pump for additional comfort. A traditional dining and living room with extra large windows are perfect for large family gatherings. The 3 bedroom plan includes two bathrooms and a slider from the primary bedroom onto the rear patio and its tranquil lake views. A laundry room accesses the double garage. The location is minutes from downtown, VIU, and walking distance to Westwood Lake. All measurements are approximate and should be verified if important. (id:63159)
Values & Trends
This listing
$463/sqft
Building average
—
No other active listings in this building
South Jingle Pot average
$400/sqft
12 active listing(s)
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
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
15
2/9 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
| School | Type | Distance |
|---|---|---|
| Nanaimo Christian School(Independent) | K-12 | 512 m |
| Quarterway Elementary | Elementary | 1.4 km |
| Forest Park Elementary | Elementary | 2.0 km |
| Discover Montessori School(Independent) | Elementary/Middle | 2.4 km |
| Career Technical Centre | Secondary | 2.4 km |
| Syuẁén'ct Elementary School | Elementary | 2.5 km |
| Nanaimo District Secondary | Secondary | 2.6 km |
| Secondaire de Nanaimo | Secondary | 2.6 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
Cafes (1)
- Serious Coffee · 2211 Jingle Pot Road541 m
Parks (5+)
- Cathers Lake Beach Access 266 m
- Cathers Lake Beach Access 1106 m
- Cathers Lake Beach Access 3244 m
- Cathers Lake Beach Access 4323 m
- Cathers Lake Park · 2213 Michigan Way341 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.2% ($63,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.