Property Type: Detached HouseOwnership: FreeholdRECENTLY LISTED

23 Pirates Lane

Protection Island, BC V9R6R1

$529,000

2 bed1 bath2 parking916 sqftBuilt 1990
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Property Details

Property & Lot

Sub-type
House
Lot size
9,600 square feet
Zoning
Residential

R3

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,954

Interior

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

Parking

Total spaces
2 — uncovered indicated
Features
Stall

Room Dimensions

RoomLevelDimensions
Primary BedroomMain level10'0 x 10'0
BedroomMain level9'0 x 10'0
KitchenMain level9'0 x 15'0
Living roomMain level14'0 x 24'0
BathroomMain level5'0 x 8'0

Listing Information

MLS®
1047936
Listed
August 26, 2026
Time on market
On the market for 5 days
Data last synced
August 28, 2026

Listing provided by: Easy List Realty · Data source: CREA DDF.

Description

*** For more information, please click Brochure button. *** Charming and extensively updated 2-bedroom house on beautiful Protection Island, offering peaceful island living just minutes from downtown Nanaimo. Significant improvements completed in 2025–2026 include a new roof with extensive roof-deck repairs where required, renovated 4-piece bathroom, refreshed kitchen with newly painted cabinetry, new kitchen sink and faucet, new refrigerator, new hot-water tank, plumbing upgrades, interior painting, and substantial repairs and remediation to previously affected areas of the home and crawlspace. The bright, comfortable single-level layout offers approximately 916 sq. ft. of finished living space with two bedrooms, a spacious living area, kitchen, 4-piece bathroom and convenient in-house laundry. Electric baseboard heating and a wood stove provide comfortable year-round living. Set on an approximately 9,600 sq. ft. lot with mature trees, garden space and outdoor areas, the property offers privacy and a relaxed natural setting. Ideally located just a 2-minute walk from the Protection Island ferry terminal for convenient access to downtown Nanaimo, and directly across from the community fire station. Enjoy the distinctive Protection Island lifestyle while remaining remarkably connected to the city. An appealing opportunity for a full-time residence, island retreat or Vancouver Island home base. (id:63159)

Values & Trends

This listing

$578/sqft

Building average

No other active listings in this building

Protection Island average

$639/sqft

11 active listing(s)

Parking: 2 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

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

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

SchoolTypeDistance
Pauline Haarer ElementaryElementary1.8 km
Brechin ElementaryElementary2.3 km
Fairview ElementaryElementary2.8 km
OceaneElementary3.0 km
Bayview ElementaryElementary3.1 km
Discover Montessori School(Independent)Elementary/Middle3.1 km
Career Technical CentreSecondary3.1 km
Nanaimo District SecondarySecondary3.4 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

Cafes (1)

  • Concession516 m

Parks (5+)

  • Long John Silver Park · 12 Captain Kidds Terrace71 m
  • Pirates Park · 7 Pirates Lane95 m
  • Captain Hook Park · 49 Captain Morgans Boulevard315 m
  • Hidden Treasure Park · 13 Captain Morgans Boulevard326 m
  • Smugglers Park · 86 Captain Morgans Boulevard463 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.3% ($27,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$423,200.00
Periodic payment — Principal & Interest (monthly)$2,730.34
Additional monthly expenses (strata, tax, utilities, etc.)$292.17
Total monthly cost$3,022.51
Interest paid over 5-yr term$121,290.34
Balance at end of term$380,669.77

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$27,900
Stress test qualifying rate8.09%
Payment you must qualify for$3,853.28

Cash Needed at Closing

Minimum down payment$27,900
Estimated BC PTT$8,580
Legal / closing costs (typical estimate)$1,500
Total cash needed$37,980

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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