2500 Myles Lake Rd
Nanaimo, BC V9X1E7
$1,199,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 5.04 acres
- Zoning
- Residential
RR2.5
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,403.16
Interior
- Heating
- Forced air, Wood, Other
- Cooling / A/C
- None
- Fireplace
- Yes (1)
Exterior & Lot
- View
- Lake view, Mountain view
- Waterfront
- Waterfront on lake
Parking
- Total spaces
- 6
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Storage | Lower level | 11'3 x 8'4 |
| Bathroom | Lower level | 11'3 x 4'11 |
| Office | Lower level | 11'4 x 10'8 |
| Porch | Main level | 8'8 x 44'4 |
| Entrance | Main level | 11'8 x 9'0 |
| Laundry room | Main level | 9'2 x 6'7 |
| Bathroom | Main level | 5'6 x 5'11 |
| Family room | Main level | 11'8 x 14'2 |
| Kitchen | Main level | 17'5 x 10'9 |
| Dining room | Main level | 14'11 x 13'8 |
| Living room | Main level | 14'11 x 14'5 |
| Ensuite | Second level | 10'6 x 10'1 |
| Bathroom | Second level | 10'7 |
| Primary Bedroom | Second level | 14'1 |
| Bedroom | Second level | 10'6 x 14'1 |
| Bedroom | Second level | 10'9 x 14'2 |
| Bedroom | Second level | 10'6 x 14'1 |
Listing Information
- MLS®
- 1037809
- Listed
- June 1, 2026
- Time on market
- On the market for 91 days
- Data last synced
- August 28, 2026
Listing provided by: 460 Realty Inc. (NA) · Data source: CREA DDF.
Description
Experience the ideal balance of peaceful country living and refined lakeside living on this exceptional 5-acre waterfront estate. Set in a quiet, natural setting and thoughtfully custom-built, this home offers space, privacy, and flexibility rarely found on the market. With only five neighbouring properties sharing access to the motor-free lake, the setting is remarkably tranquil—perfect for swimming, paddleboarding, or simply enjoying the stillness of the water. The home features four bedrooms, a den, an office, and four bathrooms, providing ample room for families, guests, or multi-generational living. Over 900 sq ft of unfinished basement space offers excellent potential for a future suite, recreation room, or expanded living area. The upper level is home to four well-appointed bedrooms, including a generous primary suite complete with a private ensuite and peaceful views. On the main level, an inviting open-concept layout seamlessly connects the kitchen, dining, and living areas—ideal for both everyday living and entertaining. Large windows frame stunning mountain and lake views, while the expansive wrap-around deck extends the living space outdoors, offering the perfect spot to relax, host gatherings, or take in the scenery year-round. The lower level boasts impressive 12-foot ceilings, an office, and a partially finished bathroom, providing a strong foundation for future development and customization. Outside, the 5-acre property offers plenty of room for additional outbuildings, a workshop (to be verified with the RDN), all while maintaining privacy and natural beauty. This is a rare opportunity to own a private lakeside retreat that combines serenity, space, and long-term potential. Please note that a second dwelling is not permissible on the property. Be sure to view the video and supporting documents. Measurements are approximate; buyers are to verify if important. (id:63159)
Values & Trends
This listing
$495/sqft
Building average
—
No other active listings in this building
Extension average
$515/sqft
6 active listing(s)
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
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
| School | Type | Distance |
|---|---|---|
| Cinnabar Valley Elementary | Elementary | 3.0 km |
| Chase River Elementary | Elementary | 4.4 km |
| Fulford Community Elementary | Elementary | 5.5 km |
| Park Avenue Elementary | Elementary | 6.3 km |
| Cedar Secondary | Secondary | 6.6 km |
| Qwam Qwum Stuwixwulh Community School | Elementary | 6.6 km |
| Cedar Elementary | Elementary | 6.7 km |
| John Barsby Secondary | Secondary | 6.8 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.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.9% ($94,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.