2792 Holden Corso Rd
Nanaimo, BC V9X1N5
$1,350,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 15.8 acres
- Zoning
- Residential
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $6,335.77
Interior
- Heating
- Heat Pump, Forced air, Oil, Electric
- Cooling / A/C
- Air Conditioned
- Fireplace
- Yes (2)
Parking
- Total spaces
- 10
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Additional Accommodation | — |
| Bathroom | Other | — |
| Kitchen | Additional Accommodation | — |
| Bedroom | Other | — |
| Bathroom | Second level | — |
| Bedroom | Second level | — |
| Primary Bedroom | Second level | — |
| Bathroom | Lower level | — |
| Utility room | Lower level | — |
| Storage | Lower level | — |
| Laundry room | Lower level | — |
| Family room | Lower level | — |
| Dining room | Main level | — |
| Kitchen | Main level | — |
| Living room | Main level | — |
| Bathroom | Main level | — |
| Bedroom | Main level | 12'6 |
| Bedroom | Main level | 13'6 |
Listing Information
- MLS®
- 1041316
- Listed
- July 17, 2026
- Time on market
- On the market for 45 days
- Data last synced
- August 28, 2026
Listing provided by: REMAX Professionals (NA) · Data source: CREA DDF.
Description
Rare opportunity to own 15.8 acres just minutes from the ocean in the desirable Cedar-by-the-Sea area. This unique estate property offers incredible potential for those looking for a renovation project, hobby farm, multi-generational living, or future investment with a strong possibility of subdivision. The original 1970 three-level home features 4 bedrooms, 3 bathrooms, a newer heat pump system, and multiple heating options. While the home requires updating and renovation, it provides a solid foundation to create your dream country estate. A separate guest suite is attached to the three-bay enclosed shop/garage, offering a potential fifth bedroom for guests or extended family once renovated. The property also features an impressive 90' x 22' covered storage building with room for up to 9 vehicles and an oil change pit, making it ideal for collectors, mechanics, RVs, boats, or equipment storage. Several additional outbuildings, including a former pig barn, provide even more options for agricultural use, workshops, or storage. The previous owner made considerable improvements since the previous owner built the property decades ago, including multiple solar arrays that help provide electricity to the property, complementing the various heating systems serving the home and shop. With extensive road frontage and almost 16 acres of property, there may be subdivision potential. Buyers should complete their own due diligence with the appropriate authorities regarding zoning, development, and subdivision possibilities. Please note this is an estate sale, and the executor has limited knowledge of the property. All information, including measurements, improvements, zoning, land use, and development potential, should be independently verified by purchasers. The property is being sold ''as is, where is.'' (id:63159)
Values & Trends
This listing
$436/sqft
Building average
—
No other active listings in this building
Cedar average
$713/sqft
30 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
10°C
Mainly Sunny
Humidity 99%
Wind N 2 km/h
Today
21°
Tonight
14°
Wednesday
16°
Wednesday night
12°
Thursday
16°
Thursday night
11°
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 |
|---|---|---|
| Cedar Elementary | Elementary | 2.5 km |
| Cedar Secondary | Secondary | 3.3 km |
| Qwam Qwum Stuwixwulh Community School | Elementary | 4.1 km |
| North Oyster Elementary | Elementary | 6.8 km |
| Chase River Elementary | Elementary | 7.5 km |
| Cinnabar Valley Elementary | Elementary | 7.8 km |
| Gabriola Elementary | Elementary | 8.0 km |
| Fulford Community Elementary | Elementary | 8.7 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.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 8.1% ($110,000) — 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.