340 Summit Dr
Nanaimo, BC V9T5R2
$1,180,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 8,575 square feet
- Zoning
- Residential
R5
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $185/mo
- Annual property tax
- $7,034
Interior
- Heating
- Heat Pump
- Cooling / A/C
- Air Conditioned
- Fireplace
- Yes (2)
Exterior & Lot
- View
- Lake view, Mountain view
Parking
- Total spaces
- 3
Restrictions & Policies
- Pets
- Allowed
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 | Third level | 3-Piece |
| Utility room | Third level | 8'8 x 14'1 |
| Laundry room | Third level | 7'2 x 6'8 |
| Bedroom | Third level | 17'3 |
| Kitchen | Third level | 6'2 x 8'2 |
| Dining room | Third level | 8'8 |
| Living room | Third level | 13'5 x 13'2 |
| Bathroom | Third level | 3-Piece |
| Bedroom | Third level | 14'6 x 11'9 |
| Ensuite | Lower level | 5-Piece |
| Den | Lower level | 9'1 x 9'5 |
| Primary Bedroom | Lower level | 13'4 |
| Entrance | Main level | 9'2 x 7'3 |
| Bathroom | Main level | 2-Piece |
| Kitchen | Main level | 12'7 x 13'10 |
| Dining room | Main level | 15'2 x 13'10 |
| Living room | Main level | 20'3 x 29'5 |
Listing Information
- MLS®
- 1042570
- Listed
- July 7, 2026
- Time on market
- On the market for 55 days
- Data last synced
- August 28, 2026
Listing provided by: REMAX Professionals (NA) · Data source: CREA DDF.
Description
Perched in a much sought-after Nanaimo location, this unique, immaculate, custom home offers a spacious multi-level design with excellent versatility and stunning lake views is truly an entertainer’s dream. The main level features an open-concept great room with high ceilings, wood flooring and a fireplace. The stunning kitchen includes stainless appliances, great counter space, open shelving and plenty of storage and a seamless flow into the dining and living areas. The lower level hosts the primary suite, complete with a private covered deck with sauna, nursery and dressing area with built-ins, plus a five-piece ensuite with dual sinks, jetted tub and separate shower. The third level offers two bedrooms including a one-bedroom legal suite with it’s own laundry and covered deck. Attached double garage and an abundance of storage space complete the home. See the feature sheet for more details. All data and measurements are approximate and must be verified if fundamental. (id:63159)
Values & Trends
This listing
$398/sqft
Building average
—
No other active listings in this building
Uplands average
$456/sqft
18 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
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
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
| School | Type | Distance |
|---|---|---|
| Uplands Park Elementary | Elementary | 764 m |
| Mount Benson Elementary | Elementary | 834 m |
| Wellington Secondary | Secondary | 1.4 km |
| Randerson Ridge Elementary | Elementary | 1.6 km |
| Rock City Elementary | Elementary | 1.9 km |
| Syuẁén'ct Elementary School | Elementary | 2.3 km |
| Rutherford Elementary | Elementary | 2.4 km |
| Pleasant Valley Elementary | Elementary | 2.5 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 (2)
- Golden Inn Seafood Restaurant · 3901 Victoria Avenue721 m
- Dami Sushi · 4890 Rutherford Road747 m
Parks (5+)
- Lakeview Park230 m
- Trillium Park · 3960 Trillium Lane297 m
- Salal Park · 4095 Salal Drive383 m
- Loudon Park and Trail · 2 Lake Road429 m
- Orchard Circle Park 2499 m
Banks & ATMs (1)
- Localcoin Bitcoin ATM727 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.9% ($93,000) — 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.