Property Type: Land / LotOwnership: Freehold

3111 Departure Bay Rd

Nanaimo, BC V9T1B6

$349,000

0 bed0 bath
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Property Details

Property & Lot

Lot size
11,046 square feet
Zoning
Residential

R5

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,662

Interior

Fireplace
None

Exterior & Lot

View
River view, View, Valley view

Listing Information

MLS®
1047119
Listed
August 17, 2026
Time on market
On the market for 14 days
Data last synced
August 28, 2026

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

Description

Discover the perfect canvas for your dream home on this approx.1/4 acre lot! Located near Departure Bay Beach and backing onto Woodstream Park, this lot offers a unique blend of privacy and convenience. Only 2 mins walk to Departure Bay school and 5 mins to beach and oceanside cafes. Experience ultimate privacy with no neighbors behind – just the soothing sounds of Departure Bay Creek. The ideal topography makes it perfect for a main level entry home. A 1990s home was removed, but the usable foundation, municipal water supply, and drainage system offer significant savings in construction costs. Consider the original floor plan for added savings and expedited building permits. Both 2D and 3D floor plans are available for your convenience. All data and measurements are approximate; verify for fundamental details. Seize this opportunity to build your dream home in a prime location! (id:63159)

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

19

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
Departure Bay ElementaryElementary134 m
Rock City ElementaryElementary1.3 km
Cilaire ElementaryElementary1.7 km
Wellington SecondarySecondary1.8 km
Forest Park ElementaryElementary2.1 km
OceaneElementary2.3 km
Discover Montessori School(Independent)Elementary/Middle2.6 km
Career Technical CentreSecondary2.6 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 Road433 m
  • Felice Cafe · 1420 Wingrove Street450 m

Parks (5+)

  • Woodstream Park51 m
  • Departure Ravine Park · 3321 Departure Bay Road210 m
  • Wardropper Park · 2957 Departure Bay Road278 m
  • Park Gully Park · 2930 Haliday Crescent318 m
  • Departure Bay Centennial Park · 1420 Bay Street336 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($17,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$279,200.00
Periodic payment — Principal & Interest (monthly)$1,801.30
Additional monthly expenses (strata, tax, utilities, etc.)$221.83
Total monthly cost$2,023.14
Interest paid over 5-yr term$80,019.52
Balance at end of term$251,141.30

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$17,450
Stress test qualifying rate8.09%
Payment you must qualify for$2,549.50

Cash Needed at Closing

Minimum down payment$17,450
Estimated BC PTT$4,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$23,930

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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