Property Type: DuplexOwnership: Freehold

2306 Sparrow Lane

Nanaimo, BC V9T3R7

$799,000

4 bed3 bath2 parking1,890 sqftBuilt 2026
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Property Details

Property & Lot

Sub-type
Duplex
Lot size
4,841 square feet
Zoning
Residential

R5

Ownership & Fees

Property type
Duplex
Ownership
Freehold
Annual property tax
$0

Interior

Heating
Forced air
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view

Parking

Total spaces
2 — covered indicated
Features
Garage

Room Dimensions

RoomLevelDimensions
Sitting roomSecond level
BathroomSecond level9'6
BedroomSecond level11'6 x 9'10
BedroomSecond level
BedroomSecond level11'6 x 9'10
EnsuiteSecond level
Primary BedroomSecond level16'6
BathroomMain level5'6 x 10'6
Dining roomMain level12'6 x 9'6
KitchenMain level12'6 x 9'8
Living roomMain level17'6 x 18'3

Listing Information

MLS®
1044908
Listed
August 3, 2026
Time on market
On the market for 28 days
Data last synced
August 28, 2026

Listing provided by: Sutton Group-West Coast Realty (Nan) · Data source: CREA DDF.

Description

Discover modern living at 2306 Sparrow Lane, a brand-new 1890 SqFt half duplex under construction in Nanaimo’s central Diver Lake neighbourhood. Set on a level lot in a quiet subdivision, the home is close to Syuwenct Elementary, Beban Park, shopping, transit and trails. The well-designed layout offers 4 bedrooms, 3 bathrooms on upper FL and a bright open-concept main level w/ a great room, dining area and contemporary kitchen. Quality finishes include quartz countertops, an appliance package, high-quality laminate flooring and an electric fireplace. 9f ceilings on both levels enhance the sense of space. Upstairs features a generous primary bedroom with walk-in closet & ensuite, three additional bedrooms, laundry, storage and a sitting/TV area. A natural gas furnace with heat pump provides efficient year-round comfort. The modern exterior combines hardi & vinyl. Complete with a single garage, rear sundeck and 2-5-10 new home warranty. GST applies. (id:63159)

Values & Trends

This listing

$423/sqft

Building average

No other active listings in this building

Diver Lake average

$443/sqft

7 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

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

15

3/9 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
Syuẁén'ct Elementary SchoolElementary276 m
Mount Benson ElementaryElementary1.4 km
Forest Park ElementaryElementary1.6 km
Wellington SecondarySecondary1.7 km
Rock City ElementaryElementary1.9 km
Uplands Park ElementaryElementary2.5 km
Nanaimo Christian School(Independent)K-122.6 km
Departure Bay ElementaryElementary2.8 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 (1)

  • Kelly's Kitchen Café703 m

Cafes (1)

  • Tim Hortons · 2320 Northfield Road745 m

Parks (5+)

  • Rosstown Road Park · 2443 Rosstown Road345 m
  • Theresa Terrace Park · 2599 Theresa Terrace388 m
  • Northfield Marsh Park423 m
  • Brackenwood Park · 2331 Briarwood Place440 m
  • Brackenwood Park 2 · 2350 Brackenwood Place620 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 6.9% ($54,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$639,200.00
Periodic payment — Principal & Interest (monthly)$4,123.90
Additional monthly expenses (strata, tax, utilities, etc.)$95.00
Total monthly cost$4,218.90
Interest paid over 5-yr term$183,196.56
Balance at end of term$574,962.47

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$54,900
Stress test qualifying rate8.09%
Payment you must qualify for$5,721.87

Cash Needed at Closing

Minimum down payment$54,900
Estimated BC PTT$13,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$70,380

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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