316 555 Franklyn St
Nanaimo, BC V9R2X9
$467,000
Property Details
Property & Lot
- Sub-type
- Apartment
- Zoning
- Residential
DT8
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $448/mo
- Annual property tax
- $3,089.8
Interior
- Heating
- Baseboard heaters, Electric
- Cooling / A/C
- None
- Fireplace
- Yes (1)
Exterior & Lot
- View
- Mountain view, Ocean view
Parking
- Total spaces
- 3 — uncovered indicated
- Features
- Underground
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
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Second level | 5'5 x 6'6 |
| Bedroom | Second level | 9'1 x 10'1 |
| Family room | Second level | 9'8 x 10'3 |
| Other | Main level | 6'0 x 3'8 |
| Bathroom | Main level | 3'1 x 5'9 |
| Living room | Main level | 9'1 x 19'4 |
| Kitchen | Main level | 10'5 x 11'8 |
| Dining room | Main level | 7'5 x 9'0 |
| Entrance | Main level | 5'11 x 5'6 |
Listing Information
- MLS®
- 1046516
- Listed
- August 12, 2026
- Time on market
- On the market for 19 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Nanaimo Realty (NanIsHwyN) · Data source: CREA DDF.
Description
Experience distinctive two-level living with ocean views in Nanaimo's vibrant Old City Quarter. This unique 880 sq. ft. condo offers an impressive sense of space with a soaring 17.8-ft vaulted ceiling at the entry, an open-concept main floor, and a spacious upper-level bedroom and family area. Two bathrooms add convenience, while large windows bring natural light throughout. Enjoy ocean views from the front and beautiful Mount Benson views from the back. The oversized 75 sq. ft. balcony is approximately twice the size of many balconies in the building, providing plenty of space to relax, entertain, or enjoy the views. Located in the sought-after Vivo building, this home includes secure underground parking, a storage locker, and an exercise room. Just steps from Nanaimo's seawall, restaurants, cafés, shopping, theatre, Port Theatre, and the downtown waterfront, you'll have an exceptional walkable lifestyle right outside your door. A rare opportunity to own a distinctive two-level condo with impressive ceilings, generous outdoor space, and views in both directions. (id:63159)
Values & Trends
This listing
$531/sqft
Building average
$822/sqft
1 active listing(s)
Old City average
$556/sqft
30 active listing(s)
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
13°C
Partly Cloudy
Humidity 89%
Wind WSW 6 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
63
8/9 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
| School | Type | Distance |
|---|---|---|
| Pauline Haarer Elementary | Elementary | 637 m |
| Fairview Elementary | Elementary | 1.1 km |
| Bayview Elementary | Elementary | 1.1 km |
| Georgia Avenue Elementary | Elementary | 1.3 km |
| Nanaimo District Secondary | Secondary | 1.5 km |
| Secondaire de Nanaimo | Secondary | 1.5 km |
| John Barsby Secondary | Secondary | 1.8 km |
| Learning Alternatives | Secondary | 1.8 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+)
- Flavours of India · 486 Franklyn Street98 m
- Le Brunch Café · 366 Selby Street140 m
- Black Rabbit Kitchen · 321 Wesley Street149 m
- Asteras · 347 Wesley Street184 m
- Delicado's · 238 Wesley Street213 m
Cafes (5+)
- White Rabbit Coffee Co · 321 Selby Street137 m
- Real Food Café · 321 Wesley Street237 m
- Kitties and Cream · 437 Fitzwilliam Street263 m
- Bocca Café · 427 Fitzwilliam Street264 m
- La Isla Café344 m
Grocery (5+)
- Superette326 m
- ManLee Oriental · 385 Terminal Avenue355 m
- The Green Store: Discount Organic · 256 Wallace Street395 m
- Thrifty Foods · 650 Terminal Avenue689 m
- Truong Thanh Specialty Asian Grocery764 m
Parks (5+)
- Pawson Gyro Park · 410 Machleary Street335 m
- Lions Square Park · 280 Wallace Street381 m
- Nob Hill Park · 400 Milford Crescent396 m
- Durham Park · 423 Pine Street510 m
- Pioneer Square Park521 m
Shopping (2)
- London Drugs · 650 Terminal Avenue646 m
- Port Place Shopping Centre · 650 Terminal Avenue667 m
Gyms (4)
- Iyengar Yoga Nanaimo · 335 Wesley Street209 m
- Force Boxing & Fitness · 165 Fraser Street552 m
- Kind Society Yoga640 m
- Dolly's Gym · 111 Nicol Street664 m
Pharmacies (2)
- Central Drugs277 m
- Wallace Pharmacy609 m
Banks & ATMs (5+)
- Superette Foods - Bitcoin Well ATM · 687 Albert Street320 m
- Scotiabank · 65 Commercial Street418 m
- Scotiabank · 65 Commercial Street434 m
- Royal Bank of Canada · 205 Commercial Street500 m
- Coastal Community Credit Union · 59 Wharf Street511 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($23,350) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.