Property Type: Condo / ApartmentOwnership: Strata

2471 Balance Rd

Nanaimo, BC V9R6V6

$1,990,000

4 bed2 bath5 parking2,663 sqftBuilt 2008
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Property Details

Property & Lot

Sub-type
House
Lot size
2.95 acres
Zoning
Unknown

RR-2

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$0/mo
Annual property tax
$6,236

Interior

Heating
Heat Pump, Natural gas
Cooling / A/C
Air Conditioned
Fireplace
Yes (2)

Exterior & Lot

View
Mountain view

Parking

Total spaces
5

Restrictions & Policies

Pets
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
Laundry roomMain level6'3 x 10'2
BathroomMain level4-Piece
BedroomMain level13'3 x 11'6
BedroomMain level11'3
BedroomMain level10'10 x 11'6
EnsuiteMain level5-Piece
Primary BedroomMain level14'11 x 19'11
Family roomMain level19'6 x 15'11
Living roomMain level21'6 x 14'4
Dining roomMain level13'3 x 10'1
Dining nookMain level10'11 x 10'8
KitchenMain level16'9 x 13'8

Listing Information

MLS®
1040963
Listed
June 19, 2026
Time on market
On the market for 73 days
Data last synced
August 28, 2026

Listing provided by: Century 21 Harbour Realty Ltd. · Data source: CREA DDF.

Description

Welcome to 2471 Balance Road, a rare 3-acre country estate offering privacy, space, and exceptional amenities just minutes from town. This custom-built home features 10-foot ceilings, crown moulding throughout most of the home, and a thoughtfully designed floor plan ideal for both everyday living and entertaining. The heart of the home is a spacious kitchen with display cabinetry, a large island, walk-in pantry, and seamless flow to the dining area and family room. A stunning library with built-in shelving and a rolling ladder creates the perfect retreat for book lovers. The elegant living room features French doors that open to a large, covered lanai overlooking the picturesque backyard, creating an ideal indoor-outdoor living space. The luxurious primary suite offers a sitting area and separates his-and-her walk-in closets. Outside, enjoy a park-like setting with 12 fruit trees and McGarrigle Creek bordering the property. The impressive 40x40 heated shop features 15-foot ceilings and two 16' x 14' doors, making it ideal for RV storage, hobbies, or a home-based business. A truly unique acreage offering lifestyle, comfort, and endless possibilities. (id:63159)

Values & Trends

This listing

$747/sqft

Building average

No other active listings in this building

North Jingle Pot average

$646/sqft

5 active listing(s)

Parking: 5 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.

Nearby Schools

SchoolTypeDistance
Nanaimo Christian School(Independent)K-121.4 km
Syuẁén'ct Elementary SchoolElementary1.6 km
Forest Park ElementaryElementary2.2 km
Quarterway ElementaryElementary2.8 km
Mount Benson ElementaryElementary2.9 km
Wellington SecondarySecondary3.5 km
Discover Montessori School(Independent)Elementary/Middle3.6 km
Career Technical CentreSecondary3.6 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.

School district: Nanaimo-Ladysmith (SD68)

Similar Listings Nearby

Similar active properties nearby based on property type, price, and size.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($398,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,592,000.00
Periodic payment — Principal & Interest (monthly)$10,271.04
Additional monthly expenses (strata, tax, utilities, etc.)$652.67
Total monthly cost$10,923.71
Interest paid over 5-yr term$456,271.78
Balance at end of term$1,432,009.15

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$398,000
Stress test qualifying rate8.09%
Payment you must qualify for$12,241.92

Cash Needed at Closing

Minimum down payment$398,000
Estimated BC PTT$37,800
Legal / closing costs (typical estimate)$1,500
Total cash needed$437,300

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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