Property Type: Detached HouseOwnership: Freehold

217 Timbercrest Way

Nanaimo, BC V9T0H1

$1,570,000

5 bed4 bath3 parking3,112 sqftBuilt 2018
Get Directions

Property Details

Property & Lot

Sub-type
House
Lot size
6,970 square feet
Zoning
Residential

R10

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$10,419.32

Interior

Heating
Heat Pump, Forced air, Natural gas, Other
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Exterior & Lot

View
Ocean view

Parking

Total spaces
3

Room Dimensions

RoomLevelDimensions
Living roomAdditional Accommodation9'10 x 10'1
KitchenAdditional Accommodation7'10 x 11'9
EntranceOther3'7 x 5'4
BedroomOther10'8 x 10'4
BathroomOther8'3 x 4'10
Utility roomOther5'4 x 3'0
Family roomSecond level12'11 x 13'10
BedroomSecond level11'4 x 15'3
BedroomSecond level10'8 x 10'10
OtherSecond level3'7 x 11'1
BathroomSecond level14'5 x 6'7
Primary BedroomMain level13'7 x 17'10
Living roomMain level21'7 x 19'0
Laundry roomMain level7'5 x 9'3
KitchenMain level13'6 x 13'10
Dining roomMain level10'11 x 9'0
BedroomMain level9'10 x 10'8
EnsuiteMain level7'1 x 14'9
BathroomMain level5'1 x 9'3

Listing Information

MLS®
1038311
Listed
May 27, 2026
Time on market
On the market for 97 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Island Living (PK) · Data source: CREA DDF.

Description

Custom High-End Home on the Ridge with a 1 Bed Legal Suite and Ocean Views from the Rooftop Deck. Conveniently access the Linley Valley Trail Network and hike, run or mountain bike in your own backyard. Enjoy Main-Level Living and Luxurious Finishings, including hardwood flooring, quartz countertops, Swarovski chandeliers, Chef's Kitchen, high gloss cabinetry, KitchenAid stainless steel appliances, natural gas fireplace and furnace, hot water on-demand, European-engineered front door, over-height vaulted ceiling and a spa-like ensuite off the primary bedroom. The upper level has two spacious bedrooms, gorgeously designed bathroom and a large Rec Room complete with wet bar area. The 1 bedroom legal suite offers a Mortgage Helper or a landing pad for friends and family. This Bright and Tastefully-designed home offers something for everyone. Glen Oaks is one of Hammond Bay's finest communities, with close proximity to some of the best schools, beaches and parks. Live Your Dream Today. (id:63159)

Values & Trends

This listing

$504/sqft

Building average

No other active listings in this building

Hammond Bay average

$444/sqft

27 active listing(s)

Parking: 3 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

15°C

Partly Cloudy

Humidity 85%

Wind N 2 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

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
Hammond Bay ElementaryElementary862 m
Departure Bay ElementaryElementary1.9 km
Frank J. Ney ElementaryElementary1.9 km
Rock City ElementaryElementary2.4 km
Wellington SecondarySecondary2.8 km
Uplands Park ElementaryElementary3.1 km
Cilaire ElementaryElementary3.5 km
OceaneElementary4.0 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+)

  • Glen Oaks Park 3 · 244 Crestline Terrace116 m
  • Glen Oaks Park 5 · 3853 Glen Oaks Drive135 m
  • Eagle View Park · 3949 Gulfview Drive164 m
  • Glen Oaks Park 6 · 3830 Glen Oaks Drive248 m
  • Glen Oaks Park 4 · 3825 Glen Oaks Drive295 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($314,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,256,000.00
Periodic payment — Principal & Interest (monthly)$8,103.29
Additional monthly expenses (strata, tax, utilities, etc.)$1,024.28
Total monthly cost$9,127.56
Interest paid over 5-yr term$359,973.21
Balance at end of term$1,129,776.06

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$314,000
Stress test qualifying rate8.09%
Payment you must qualify for$9,658.20

Cash Needed at Closing

Minimum down payment$314,000
Estimated BC PTT$29,400
Legal / closing costs (typical estimate)$1,500
Total cash needed$344,900

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.

Request more information