Property Type: Condo / ApartmentOwnership: Strata

215 5650 Edgewater Lane

Nanaimo, BC V9T6K1

$539,900

2 bed2 bath4 parking1,031 sqftBuilt 1997
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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
$605/mo
Annual property tax
$3,572.17

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
Yes (1)

Parking

Total spaces
4

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 level4'3 x 5'6
Laundry roomMain level6'1 x 9'4
BathroomMain level3-Piece
BedroomMain level9'3 x 9'8
EnsuiteMain level4-Piece
Primary BedroomMain level11'9 x 12'9
KitchenMain level7'11 x 11'3
Dining roomMain level7'11 x 12'9
Living roomMain level12'11 x 16'3

Listing Information

MLS®
1044927
Listed
August 11, 2026
Time on market
On the market for 20 days
Data last synced
August 28, 2026

Listing provided by: Real Broker · Data source: CREA DDF.

Description

Beautifully updated condo in the highly sought after Edgewater Lane community. This spacious 2 bedroom, 2 bathroom home features an ideal floor plan with the bedrooms on opposite sides of the living area for added privacy. The bright open concept layout offers a spacious kitchen with new appliances, generous dining area, and inviting living room with a cozy gas fireplace. Large windows provide an abundance of natural light, while the covered deck, accessible from both the living room and primary bedroom, overlooks mature trees and lush landscaping. Additional features include a laundry room, 2 secure underground parking stalls, and a storage locker. Residents enjoy beautifully maintained grounds with ponds and walking paths, plus a clubhouse with a fitness centre and guest suite. Walking distance to shopping, restaurants, parks, and recreation. (id:63159)

Values & Trends

This listing

$524/sqft

Building average

$534/sqft

1 active listing(s)

North Nanaimo average

$497/sqft

23 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

67

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
Randerson Ridge ElementaryElementary691 m
Pleasant Valley ElementaryElementary1.0 km
Dover Bay SecondaryElementary1.5 km
Rutherford ElementaryElementary1.7 km
Uplands Park ElementaryElementary1.8 km
McGirr ElementaryElementary2.0 km
Mount Benson ElementaryElementary2.1 km
Aspengrove School(Independent)K-122.8 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

Restaurants (5+)

  • Boston Pizza · 5779 Turner Road298 m
  • Cactus Club Cafe392 m
  • Saigon Kitchen · 5148 Metral Drive657 m
  • Driftwood Great Chinese Buffet · 4711 Rutherford Road681 m
  • Montana's · 4715 Rutherford Road756 m

Cafes (2)

  • Café Today366 m
  • Tim Hortons480 m

Grocery (3)

  • Thrifty Foods197 m
  • Quality Foods · 101-5800 Turner Road539 m
  • Fairway Market · 103-4750 Rutherford Road706 m

Parks (5+)

  • Edgewater Pond Park · 6080 Island Highway North129 m
  • Amsterdam Park345 m
  • Molecy Creek Park · 5735 Turner Road482 m
  • Oliver Woods Park500 m
  • Dublin Park · 5270 Dublin Way523 m

Shopping (2)

  • Canadian Tire · 4585 Uplands Drive341 m
  • Unnamed545 m

Gyms (2)

  • OrangeTheory Fitness215 m
  • Fit4Less679 m

Pharmacies (3)

  • Pinnacle Pharmacy359 m
  • London Drugs · 4750 Rutherford Road528 m
  • Central Drugs624 m

Banks & ATMs (1)

  • TD Canada Trust330 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Other Listings in This Building

Other units currently listed in the same building. 215 5650 Edgewater Lane

View building profile →
Built 1997

Mortgage & Ownership Cost Calculator

Minimum required: 5.4% ($28,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$431,920.00
Periodic payment — Principal & Interest (monthly)$2,786.60
Additional monthly expenses (strata, tax, utilities, etc.)$954.84
Total monthly cost$3,741.44
Interest paid over 5-yr term$123,789.51
Balance at end of term$388,513.44

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$28,990
Stress test qualifying rate8.09%
Payment you must qualify for$3,928.72

Cash Needed at Closing

Minimum down payment$28,990
Estimated BC PTT$8,798
Legal / closing costs (typical estimate)$1,500
Total cash needed$39,288

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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