Property Type: TownhouseOwnership: Strata

3 450 Gail Pl

Nanaimo, BC V9R5W4

$379,900

2 bed1 bath2 parking870 sqftBuilt 1991
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Property Details

Property & Lot

Sub-type
Row / Townhouse
Zoning
Multi-Family

R6

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$397/mo
Annual property tax
$2,330

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
None

Parking

Total spaces
2

Restrictions & Policies

Pets
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
Primary BedroomMain level10'10 x 12'0
Living roomMain level11'9 x 14'7
KitchenMain level7'5 x 8'11
EntranceMain level4'0 x 5'9
Dining roomMain level6'7 x 11'1
BedroomMain level9'2 x 9'7
BathroomMain level3-Piece

Listing Information

MLS®
1040061
Listed
June 11, 2026
Time on market
On the market for 81 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Nanaimo Realty (NanIsHwyN) · Data source: CREA DDF.

Description

Located in Nanaimo’s University District, this 2 bdrm, 1 bath patio home in the Gail Place strata complex is ready for its next owner. A completely updated kitchen as well as new paint and modern flooring throughout offer a great fresh start. The large living room leads out to the patio through the large bright sliding doors with space for some gardening and enjoying a peaceful coffee. This home also features a generous sized combined bathroom and laundry, a built in desk in the second bedroom closet and several storage spaces. With a dedicated parking space, accessible entry ramps and a rancher style layout, this strata unit is a great option for anyone including those with mobility challenges. Close to shopping, recreation, transit and great schools in a great community! (id:63159)

Values & Trends

This listing

$437/sqft

Building average

No other active listings in this building

University District average

$402/sqft

16 active listing(s)

Parking: 2 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

4/9 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
Fairview ElementaryElementary316 m
Secondaire de NanaimoSecondary697 m
Nanaimo District SecondarySecondary697 m
Pauline Haarer ElementaryElementary908 m
Georgia Avenue ElementaryElementary1.1 km
Brechin ElementaryElementary1.5 km
Bayview ElementaryElementary1.7 km
John Barsby SecondarySecondary1.8 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

Restaurants (5+)

  • Gateway to India Restaurant · 202 Fourth Street621 m
  • Gateway to India621 m
  • Little George's Express Pizza & Pasta637 m
  • Truong Thanh 2658 m
  • Mandarin House666 m

Cafes (3)

  • The Bee's Knees Cafe · 525 Third Street420 m
  • La Isla Café689 m
  • Kitties and Cream · 437 Fitzwilliam Street797 m

Grocery (1)

  • Truong Thanh Specialty Asian Grocery663 m

Parks (5+)

  • Howard Avenue Park · 265 Howard Avenue244 m
  • Bruce Avenue Park 2 · 329 Bruce Avenue401 m
  • Bruce Avenue Park · 330 Bruce Avenue448 m
  • Sid Clark Gyro Park · 850 Wentworth Street480 m
  • Chesterlea Park · 343 Chesterlea Avenue511 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($18,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$303,920.00
Periodic payment — Principal & Interest (monthly)$1,960.79
Additional monthly expenses (strata, tax, utilities, etc.)$635.34
Total monthly cost$2,596.13
Interest paid over 5-yr term$87,104.35
Balance at end of term$273,377.02

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$18,995
Stress test qualifying rate8.09%
Payment you must qualify for$2,775.23

Cash Needed at Closing

Minimum down payment$18,995
Estimated BC PTT$5,598
Legal / closing costs (typical estimate)$1,500
Total cash needed$26,093

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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