Property Type: Detached HouseOwnership: Freehold

2956 Ridgeway Rd

Nanaimo, BC V9R5K3

$1,450,000

4 bed3 bath4 parking2,233 sqftBuilt 1993
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Property Details

Property & Lot

Sub-type
House
Lot size
2.99 acres
Zoning
Unknown

Rr

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,714

Interior

Heating
Heat Pump, Wood
Cooling / A/C
Air Conditioned
Fireplace
Yes (3)

Parking

Total spaces
4 — covered indicated
Features
Detached Garage

Room Dimensions

RoomLevelDimensions
StorageSecond level
Primary BedroomSecond level
Living roomMain level
Laundry roomMain level
KitchenMain level
EnsuiteSecond level3-Piece
Dining nookMain level
Dining roomMain level
DenMain level
BedroomSecond level
BedroomSecond level
BedroomSecond level
BathroomSecond level4-Piece
BathroomMain level2-Piece

Listing Information

MLS®
1038669
Listed
May 29, 2026
Time on market
On the market for 94 days
Data last synced
August 28, 2026

Listing provided by: 460 Realty Inc. (NA) · Data source: CREA DDF.

Description

For sale in desirable North Jingle Pot — a private 2.99-acre property featuring a spacious 4-bedroom, 3-bathroom home with a media room and efficient heat pump for year-round comfort. Enjoy beautiful gardens, fruit trees, and peaceful natural surroundings. The detached garage with breeze-through access adds convenience and charm. A rare opportunity to enjoy privacy, space, and country living just minutes from Nanaimo amenities. (id:63159)

Values & Trends

This listing

$649/sqft

Building average

No other active listings in this building

North Jingle Pot average

$517/sqft

8 active listing(s)

Parking: 4 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

7

1/9 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
Nanaimo Christian School(Independent)K-123.0 km
Syuẁén'ct Elementary SchoolElementary3.7 km
Mount Benson ElementaryElementary4.4 km
Forest Park ElementaryElementary4.5 km
Quarterway ElementaryElementary4.8 km
Wellington SecondarySecondary5.5 km
Discover Montessori School(Independent)Elementary/Middle5.7 km
Career Technical CentreSecondary5.7 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

Parks (5+)

  • Unnamed275 m
  • Unnamed301 m
  • Unnamed561 m
  • Unnamed587 m
  • Unnamed652 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 8.3% ($120,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,160,000.00
Periodic payment — Principal & Interest (monthly)$7,483.93
Additional monthly expenses (strata, tax, utilities, etc.)$504.83
Total monthly cost$7,988.76
Interest paid over 5-yr term$332,459.33
Balance at end of term$1,043,423.75

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$120,000
Stress test qualifying rate8.09%
Payment you must qualify for$10,227.23

Cash Needed at Closing

Minimum down payment$120,000
Estimated BC PTT$27,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$148,500

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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