Property Type: Detached HouseOwnership: Freehold

261 Villa Rd

Nanaimo, BC V9T2P6

$699,900

5 bed2 bath6 parking2,277 sqftBuilt 1959
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Property Details

Property & Lot

Sub-type
House
Lot size
8,750 square feet
Zoning
Residential

R5

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,857.31

Interior

Heating
Heat Pump
Cooling / A/C
Central air conditioning, Air Conditioned
Fireplace
None

Parking

Total spaces
6

Room Dimensions

RoomLevelDimensions
WorkshopOther13'5 x 17'3
BedroomLower level11'11 x 16'2
BedroomLower level12'5 x 13'11
BathroomLower level3-Piece
PatioLower level11'2 x 16'4
Utility roomLower level12'11 x 10'5
Recreation roomLower level24'8 x 21'2
BedroomMain level9'11 x 10'11
Primary BedroomMain level11'11 x 12'0
BedroomMain level11'11 x 8'11
BathroomMain level5-Piece
Laundry roomMain level9'11 x 7'0
KitchenMain level13'4 x 14'2
Living roomMain level11'11 x 17'11
BalconyMain level6'1 x 18'0

Listing Information

MLS®
1042673
Listed
July 9, 2026
Time on market
On the market for 53 days
Data last synced
August 28, 2026

Listing provided by: REMAX Professionals (NA) · Data source: CREA DDF.

Description

Opportunity awaits in this move-in-ready 5-bed, 2-bath home nestled on a quiet street in the highly desirable Uplands area. Set on a generous 8,750 sqft. lot, this property offers exceptional space for growing families, or those seeking future potential. Enjoy year-round comfort with an efficient heat pump and further updates that include a newer HWT, roof, appliances, and 200-amp electrical panel. The interior of the home has recently ben refreshed with new paint and carpeting downstairs. The expansive backyard offers endless possibilities for entertaining and more. Ideally located just a 10-minute walk from Wellington Secondary School, 4-minute drive from Country Club mall, as well as plenty of parks, shopping, & everyday amenities, this home presents a great opportunity to settle into an established neighbourhood and update at your own pace, with further opportunity to add value and make it truly your own. Data and measurements are approx. and must be verified if deemed important. (id:63159)

Values & Trends

This listing

$307/sqft

Building average

No other active listings in this building

Uplands average

$674/sqft

18 active listing(s)

Parking: 6 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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

22

5/9 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
Wellington SecondarySecondary374 m
Rock City ElementaryElementary503 m
Uplands Park ElementaryElementary1.1 km
Mount Benson ElementaryElementary1.8 km
Departure Bay ElementaryElementary1.8 km
Syuẁén'ct Elementary SchoolElementary2.3 km
Frank J. Ney ElementaryElementary2.5 km
Randerson Ridge 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 (4)

  • Roll & Chicken · 3026 Ross Road774 m
  • Tania's Restaurant781 m
  • Hong Kong House Restaurant · 3023 Barons Road794 m
  • Seto Sushi795 m

Grocery (2)

  • Kapitbahay Store · 3024 Barons Road777 m
  • Nanaimo Grocery Store789 m

Parks (5+)

  • Sandra Road Park · 3682 Sandra Road449 m
  • Ocean Pearl Park · 1209 Ocean Pearl Terrace499 m
  • Wellington Park · 3170 Ross Road524 m
  • Country Club Park 1 · 3058 Rock City Road563 m
  • Country Club Park 3 · 3399 Country Club Drive668 m

Gyms (1)

  • Shima Karate School · 3032 Barons Road765 m

Pharmacies (1)

  • The Medicine Shoppe638 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 6.4% ($44,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$559,920.00
Periodic payment — Principal & Interest (monthly)$3,612.41
Additional monthly expenses (strata, tax, utilities, etc.)$518.78
Total monthly cost$4,131.19
Interest paid over 5-yr term$160,474.68
Balance at end of term$503,649.85

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$44,990
Stress test qualifying rate8.09%
Payment you must qualify for$5,036.03

Cash Needed at Closing

Minimum down payment$44,990
Estimated BC PTT$11,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$58,488

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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