Property Type: Land / LotOwnership: Freehold

3145 Marion Way

Nanaimo, BC V9T3Z8

$699,900

0 bed0 bath4 parking
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Property Details

Property & Lot

Lot size
0.88 acres
Zoning
Residential

R5

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$4,284

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, Ocean view

Parking

Total spaces
4

Listing Information

MLS®
1041024
Listed
June 19, 2026
Time on market
On the market for 73 days
Data last synced
August 28, 2026

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

Description

Want to live in a spectacular neighbourhood with your own private estate? Here is the ideal property to create a dream home setting with Departure Bay views and a large almost 1 acre property. There are services to the lot line and many building sites. Perfectly set up for a large principle residence plus a carriage house or more with the R5 zoning. Just a short stroll to Departure Bay beach and the Drip for coffee plus DB Elementary School. Less than 5 minute drive to all other amenities too. Development opportunities as well with a 3 lot strata subdivision proposal already drafted. Call the Listing Agent for more details. (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

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
Departure Bay ElementaryElementary309 m
Rock City ElementaryElementary1.5 km
Cilaire ElementaryElementary1.9 km
Wellington SecondarySecondary2.0 km
Hammond Bay ElementaryElementary2.5 km
OceaneElementary2.5 km
Forest Park ElementaryElementary2.5 km
Discover Montessori School(Independent)Elementary/Middle2.9 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

Cafes (2)

  • Drip Coffee Social · 2835 Departure Bay Road576 m
  • Felice Cafe · 1420 Wingrove Street670 m

Parks (5+)

  • Sugarloaf Mountain Park · 3160 Marion Way197 m
  • Jesters Way Park · 1392 Jesters Way313 m
  • Wardropper Park · 2957 Departure Bay Road360 m
  • Woodstream Park434 m
  • Friar Tuck Beach Access464 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 6.4% ($44,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$559,920.00
Periodic payment — Principal & Interest (monthly)$3,612.41
Additional monthly expenses (strata, tax, utilities, etc.)$357.00
Total monthly cost$3,969.41
Interest paid over 5-yr term$160,474.68
Balance at end of term$503,649.85

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$44,990
Stress test qualifying rate8.09%
Payment you must qualify for$5,036.03

Cash Needed at Closing

Minimum down payment$44,990
Estimated BC PTT$11,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$58,488

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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