Property Type: Condo / ApartmentOwnership: Strata

309 Elizabeth St

Nanaimo, BC V9R3C5

$749,900

4 bed4 bath4 parking1,755 sqftBuilt 2026
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Property Details

Property & Lot

Sub-type
House
Lot size
2,400 square feet
Zoning
Residential

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$0/mo
Annual property tax
$2,584.12

Interior

Heating
Heat Pump
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)
Appliances
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer

Exterior & Lot

View
City view, Mountain view, Ocean view
Lot features
Central location, Other

Building

Parcel ID (PID)
032-819-323

Parking

Total spaces
4

Restrictions & Policies

Pets
Allowed

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

Room Dimensions

RoomLevelDimensions
BathroomThird level4-Piece
BedroomThird level8'7 x 9'3
BedroomThird level9'3 x 9'5
EnsuiteThird level3-Piece
Primary BedroomThird level10'6 x 11'9
BathroomMain level2-Piece
KitchenMain level11'10 x 12'1
Dining roomMain level10'6 x 19'2
Living roomMain level12'10 x 13'0
EntranceLower level6'10 x 7'6
BathroomLower level3-Piece
BedroomLower level9'6 x 12'1

Listing Information

MLS®
1046510
Listed
August 10, 2026
Time on market
On the market for 21 days
Data last synced
August 30, 2026

Listing provided by: HOMELAB Real Estate Group · Data source: CREA DDF.

Description

Welcome to 309 Elizabeth Street, a fully detached half-duplex near Nanaimo’s desirable Old City Quarter — a location that puts more of everyday life within easy reach. Step outside and you’re close to local cafés, bakeries, independent shops, restaurants, downtown amenities and the harbourfront seawall, while Vancouver Island University, the ferry terminal and float plane service are all conveniently accessible. Whether it’s a morning coffee, an evening walk along the water, a quick trip across to Vancouver or an island adventure on the weekend, this is a location that makes it easy to stay connected and active. The home itself takes advantage of its elevated position, with large window geometries creating beautifully framed outlooks across the neighbourhood. From inside, you get a broader perspective — trees, ocean and mountains become part of the backdrop and bring a surprising sense of openness to the three-level layout. For a property of this size, parking is especially generous, with a wide driveway providing plenty of room for multiple vehicles, guests, bikes and recreational gear in addition to the attached garage. Four separate decks extend the living space outdoors, including a covered main-level patio for year-round grilling and a top-floor balcony that takes in the surrounding views. The compact yard keeps outdoor maintenance manageable, leaving more time to enjoy the neighbourhood. The lower level adds a particularly useful dimension to the home. With a full three-piece bathroom, laundry, separate access and a dedicated flex room, it can be adaptable — a quiet home-based business, creative studio or hobby space, gym, or private area for a university student or live-in guest. The garage adds storage and parking options, and electrical is in place for the possibility of an EV charger. A well-connected, flexible home for those who value walkability, access to the city and an active lifestyle, without giving up space, parking or versatility. (id:63159)

Values & Trends

This listing

$427/sqft

Building average

No other active listings in this building

Old City average

$559/sqft

30 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

Mainly Sunny

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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

22

5/9 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 ElementaryElementary341 m
Pauline Haarer ElementaryElementary769 m
Secondaire de NanaimoSecondary836 m
Nanaimo District SecondarySecondary836 m
Georgia Avenue ElementaryElementary1.2 km
Brechin ElementaryElementary1.4 km
Bayview ElementaryElementary1.7 km
John Barsby SecondarySecondary1.9 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 Street679 m
  • Gateway to India679 m
  • Little George's Express Pizza & Pasta685 m
  • The Masala Culture · 428 Fitzwilliam Street701 m
  • Black Rabbit Kitchen · 321 Wesley Street713 m

Cafes (5+)

  • The Bee's Knees Cafe · 525 Third Street557 m
  • La Isla Café571 m
  • Kitties and Cream · 437 Fitzwilliam Street685 m
  • Bocca Café · 427 Fitzwilliam Street702 m
  • White Rabbit Coffee Co · 321 Selby Street715 m

Grocery (1)

  • Truong Thanh Specialty Asian Grocery724 m

Parks (5+)

  • Sid Clark Gyro Park · 850 Wentworth Street338 m
  • Howard Avenue Park · 265 Howard Avenue359 m
  • Bruce Avenue Park 2 · 329 Bruce Avenue433 m
  • Bruce Avenue Park · 330 Bruce Avenue466 m
  • Chesterlea Park · 343 Chesterlea Avenue526 m

Gyms (1)

  • Iyengar Yoga Nanaimo · 335 Wesley Street772 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 6.7% ($49,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$599,920.00
Periodic payment — Principal & Interest (monthly)$3,870.48
Additional monthly expenses (strata, tax, utilities, etc.)$303.34
Total monthly cost$4,173.82
Interest paid over 5-yr term$171,938.80
Balance at end of term$539,629.98

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$49,990
Stress test qualifying rate8.09%
Payment you must qualify for$5,382.06

Cash Needed at Closing

Minimum down payment$49,990
Estimated BC PTT$12,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$64,488

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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