Property Type: Land / LotOwnership: Freehold

2494 Rosstown Rd

Nanaimo, BC V9T3R7

$389,900

0 bed0 bath
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Property Details

Property & Lot

Lot size
4,844 square feet
Zoning
Residential

R5

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$0

Interior

Fireplace
None

Exterior & Lot

View
Mountain view

Listing Information

MLS®
979172
Listed
October 22, 2024
Time on market
On the market for 678 days
Data last synced
August 28, 2026

Listing provided by: Homelife Benchmark Realty Corp. · Data source: CREA DDF.

Description

Diver Lake area, a rare find in a great location, 12 new lots in the ''Sparrow Lane'' subdivision. Lots range from 4,843 square feet to 8,027 square feet. Very centrally located, close to Syuwenct Elementary School. Neighbourhood features sidewalks, bike paths, trails & close to a bus route, shopping and Beban Park Recreation Centre. This is a great family neighbourhood with some lots backing onto a pond, or trail, or having a mountain view. Build your dream home here. This lot has a mountain view & is 4,844 square feet. R5 Zoning - new government regulations may allow for single family, multiplex, duplex, carriage home. Buyer to confirm what is permitted. Price does not include the Goods and Services Tax (G.S.T) Builders terms available, call L/S for details (id:63159)

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 SchoolElementary271 m
Mount Benson ElementaryElementary1.5 km
Forest Park ElementaryElementary1.5 km
Wellington SecondarySecondary1.6 km
Rock City ElementaryElementary1.9 km
Uplands Park ElementaryElementary2.5 km
Nanaimo Christian School(Independent)K-122.6 km
Departure Bay ElementaryElementary2.7 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 Café652 m

Cafes (1)

  • Tim Hortons · 2320 Northfield Road689 m

Parks (5+)

  • Rosstown Road Park · 2443 Rosstown Road278 m
  • Brackenwood Park · 2331 Briarwood Place375 m
  • Northfield Marsh Park385 m
  • Theresa Terrace Park · 2599 Theresa Terrace449 m
  • Brackenwood Park 2 · 2350 Brackenwood Place552 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$311,920.00
Periodic payment — Principal & Interest (monthly)$2,012.40
Additional monthly expenses (strata, tax, utilities, etc.)$0.00
Total monthly cost$2,012.40
Interest paid over 5-yr term$89,397.17
Balance at end of term$280,573.05

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,495
Stress test qualifying rate8.09%
Payment you must qualify for$2,848.28

Cash Needed at Closing

Minimum down payment$19,495
Estimated BC PTT$5,798
Legal / closing costs (typical estimate)$1,500
Total cash needed$26,793

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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