Property Type: Condo / ApartmentOwnership: Strata

310 2560 Departure Bay Rd

Nanaimo, BC V9S5P1

$435,000

2 bed2 bath1 parking1,254 sqftBuilt 1981
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Property Details

Property & Lot

Sub-type
Apartment
Zoning
Residential

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$629/mo
Annual property tax
$629

Interior

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

Parking

Total spaces
1 — uncovered indicated
Features
Other

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
BathroomMain level9'0 x 9'3
Dining roomMain level8'0 x 13'0
KitchenMain level9'0 x 9'5
Living roomMain level24'0 x 16'0
BathroomMain level4-Piece
BedroomMain level9'9 x 9'3
BedroomMain level13'6 x 14'11

Listing Information

MLS®
1047140
Listed
August 18, 2026
Time on market
On the market for 13 days
Data last synced
August 28, 2026

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

Description

Wake up to stunning ocean views and spectacular sunrises from this bright and inviting 2-bedroom, 2-bathroom condo. Thoughtfully designed with an open-concept layout, the home features large windows that showcase the beautiful coastal scenery. The spacious primary bedroom includes a walk-through closet leading to a private ensuite, while the comfortable living and dining areas provide the perfect space to relax or entertain. Enjoy your morning coffee from the patio while taking in the ever-changing ocean views. Residents have access to fantastic resort-style amenities, including an outdoor pool, hot tub, and sauna. The building has recently undergone major renovations and is part of a well-managed strata. Located close to shopping, dining, and waterfront walking trails, this home also benefits from a friendly, welcoming community with optional social activities. A wonderful opportunity to enjoy easy coastal living in a sought-after ocean-view setting. (id:63159)

Values & Trends

This listing

$347/sqft

Building average

$369/sqft

2 active listing(s)

Departure Bay average

$402/sqft

9 active listing(s)

Parking: 1 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

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

SchoolTypeDistance
Cilaire ElementaryElementary806 m
Departure Bay ElementaryElementary879 m
OceaneElementary1.4 km
Forest Park ElementaryElementary1.7 km
Career Technical CentreSecondary1.7 km
Discover Montessori School(Independent)Elementary/Middle1.7 km
Rock City ElementaryElementary1.9 km
Quarterway ElementaryElementary2.3 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)

  • Felice Cafe · 1420 Wingrove Street478 m
  • Drip Coffee Social · 2835 Departure Bay Road578 m

Parks (5+)

  • Cilaire Park 1 · 181 Cilaire Drive365 m
  • Kinsmen Park426 m
  • Cosgrove Traffic Circle 2548 m
  • Departure Bay Centennial Park · 1420 Bay Street613 m
  • Cosgrove Traffic Circle 1674 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($21,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$348,000.00
Periodic payment — Principal & Interest (monthly)$2,245.18
Additional monthly expenses (strata, tax, utilities, etc.)$744.42
Total monthly cost$2,989.59
Interest paid over 5-yr term$99,737.80
Balance at end of term$313,027.13

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$21,750
Stress test qualifying rate8.09%
Payment you must qualify for$3,177.75

Cash Needed at Closing

Minimum down payment$21,750
Estimated BC PTT$6,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$29,950

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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