2999 King Richard Dr
Nanaimo, BC V9T1J5
$2,000,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 0.88 acres
- Zoning
- Residential
R5
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,500
Interior
- Heating
- Forced air, Oil
- Cooling / A/C
- None
- Fireplace
- Yes (3)
Exterior & Lot
- View
- Ocean view
Parking
- Total spaces
- 4
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Storage | Lower level | 12'8 x 10'5 |
| Bedroom | Lower level | 10'8 x 9'5 |
| Recreation room | Lower level | 12'8 x 18'8 |
| Bathroom | Main level | 4-Piece |
| Ensuite | Main level | 2-Piece |
| Bedroom | Main level | 9'8 x 10'5 |
| Bedroom | Main level | 9'10 x 10'7 |
| Primary Bedroom | Main level | 13'3 x 10'9 |
| Dining nook | Main level | 6'10 x 9'3 |
| Kitchen | Main level | 9'10 x 9'3 |
| Dining room | Main level | 11'4 x 10'1 |
| Living room | Main level | 13'4 x 18'6 |
Listing Information
- MLS®
- 1042700
- 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
Rarely does an opportunity like this become available in one of Nanaimo's most sought-after neighbourhoods. Situated on an impressive 0.88-acre gently sloping lot in desirable Departure Bay, this property offers stunning south-facing views over Departure Bay and exceptional development potential. With approximately 470 feet of road frontage along King Richard Drive, Rose Ann Drive, and Lincoln Green Place, the possibilities are endless. The existing four-bedroom home is positioned at one end of the property, providing comfortable living or rental income while you plan for the future. Enjoy a prime location close to Departure Bay Beach, schools, parks, shopping, and everyday amenities. Large ocean-view parcels with this size, frontage, and future potential are incredibly rare—don't miss this exceptional opportunity. All data and measurements are approximate and must be verified if fundamental. (id:63159)
Values & Trends
This listing
$1,098/sqft
Building average
—
No other active listings in this building
Departure Bay average
$459/sqft
37 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.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
15
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 |
|---|---|---|
| Departure Bay Elementary | Elementary | 428 m |
| Rock City Elementary | Elementary | 1.7 km |
| Cilaire Elementary | Elementary | 1.8 km |
| Wellington Secondary | Secondary | 2.2 km |
| Oceane | Elementary | 2.3 km |
| Hammond Bay Elementary | Elementary | 2.5 km |
| Forest Park Elementary | Elementary | 2.6 km |
| Discover Montessori School(Independent) | Elementary/Middle | 2.8 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.
Nearby Places
Cafes (2)
- Drip Coffee Social · 2835 Departure Bay Road506 m
- Felice Cafe · 1420 Wingrove Street630 m
Parks (5+)
- Sugarloaf Mountain Park · 3160 Marion Way146 m
- Friar Tuck Beach Access265 m
- Wardropper Park · 2957 Departure Bay Road361 m
- Jesters Way Park · 1392 Jesters Way417 m
- Robin's Den Park508 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Explore More Homes
Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($400,000) — 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.