286 King Rd
Nanaimo, BC V9R6H9
$299,000
Property Details
Property & Lot
- Lot size
- 1.21 acres
- Zoning
- Residential
RS1
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $1,764
Interior
- Fireplace
- None
Exterior & Lot
- View
- Ocean view
Listing Information
- MLS®
- 1006587
- Listed
- July 5, 2025
- Time on market
- On the market for 423 days
- Data last synced
- August 28, 2026
Listing provided by: Century 21 Harbour Realty Ltd. · Data source: CREA DDF.
Description
Exceptional opportunity in Nanaimo’s University District. This 1.21 acre lot offers breathtaking ocean views and an ideal location for your dream home. Outdoorsy folks will love the proximity to Nanaimo Aquatic Centre, Nanaimo Ice Rink, and an array of walking trails. For recreation and leisure, Westwood Lake is just a short drive away, offering swimming, picnicking, and kayaking. Plus, Splitsville Bowling and Games is nearby for family fun and entertainment. Don’t miss out on this prime piece of real estate in a thriving and convenient location! Buyers are to consult with the City of Nanaimo regard to building homes. (id:63159)
Location Insights
Weather
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
11
2/9 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
| School | Type | Distance |
|---|---|---|
| Nanaimo District Secondary | Secondary | 1.5 km |
| Secondaire de Nanaimo | Secondary | 1.5 km |
| Nanaimo Christian School(Independent) | K-12 | 1.6 km |
| Quarterway Elementary | Elementary | 1.8 km |
| Fairview Elementary | Elementary | 1.9 km |
| Georgia Avenue Elementary | Elementary | 2.4 km |
| Brechin Elementary | Elementary | 2.5 km |
| Discover Montessori School(Independent) | Elementary/Middle | 2.6 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.
Nearby Places
Cafes (1)
- Serious Coffee · 2211 Jingle Pot Road693 m
Parks (5+)
- Tralee Road Park237 m
- Tralee Park · 1155 Tralee Road289 m
- Langara Park · 1327 Langara Drive340 m
- Black Diamond Park · 281 Chambers Place467 m
- Cariboo Park · 380 Cariboo Drive542 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($14,950) — 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.