Property Type: Condo / ApartmentOwnership: Strata

325 2562 Departure Bay Rd

Nanaimo, BC V9R5J6

$479,900

2 bed2 bath106 parking1,314 sqftBuilt 1981
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Property Details

Property & Lot

Sub-type
Apartment
Zoning
Multi-Family

R-8

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$657/mo
Annual property tax
$4,444.15

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
106

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
OtherMain level10'2 x 11'11
Primary BedroomMain level13'4 x 13'6
Living roomMain level10'10
KitchenMain level15'4 x 8'5
EntranceMain level8'8 x 6'4
EnsuiteMain level3-Piece
Dining roomMain level9'9 x 13'10
BedroomMain level11'7 x 9'9
BathroomMain level4-Piece

Listing Information

MLS®
1047043
Listed
August 18, 2026
Time on market
On the market for 13 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Island Living (PK) · Data source: CREA DDF.

Description

Spectacular ocean views from this corner unit in popular Seascape Manor. Enjoy this spacious 1314sqft home offering 2 large bedrooms and 2 full baths. Open floor plan. Cozy up in your living room with expansive views into Nanaimo Harbour and coastal mountains. The sunrises and sunsets will never be tiring. This corner unit offers 2 large balconies so you never miss a thing. Minutes to the ferry, beach and shopping. Bus stop across the street. This complex offers everything a person would wish for, pool, sauna, hot tub, exercise room, library and onsite mail box. View from all windows and being a corner unit gives you more light and privacy. Easy access for parking being out the door and down one set of stairs (elevator as well). Great complex - well run! (id:63159)

Values & Trends

This listing

$365/sqft

Building average

No other active listings in this building

Departure Bay average

$400/sqft

9 active listing(s)

Parking: 106 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

19

3/9 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 ElementaryElementary811 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 Street482 m
  • Drip Coffee Social · 2835 Departure Bay Road585 m

Parks (5+)

  • Cilaire Park 1 · 181 Cilaire Drive381 m
  • Kinsmen Park433 m
  • Cosgrove Traffic Circle 2525 m
  • Departure Bay Centennial Park · 1420 Bay Street616 m
  • Cosgrove Traffic Circle 1656 m

Gyms (1)

  • Body Tempo Health & Fitness797 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($23,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$383,920.00
Periodic payment — Principal & Interest (monthly)$2,476.92
Additional monthly expenses (strata, tax, utilities, etc.)$1,093.72
Total monthly cost$3,570.64
Interest paid over 5-yr term$110,032.58
Balance at end of term$345,337.28

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$23,995
Stress test qualifying rate8.09%
Payment you must qualify for$3,505.75

Cash Needed at Closing

Minimum down payment$23,995
Estimated BC PTT$7,598
Legal / closing costs (typical estimate)$1,500
Total cash needed$33,093

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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