Property Type: Land / LotOwnership: Freehold

35 Captain Morgans Blvd

Protection Island, BC V9R6R1

$249,000

0 bed0 bath2 parking
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Property Details

Property & Lot

Lot size
10,623 square feet
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,623

Interior

Fireplace
None

Parking

Total spaces
2 — uncovered indicated
Features
Open

Listing Information

MLS®
996289
Listed
April 23, 2025
Time on market
On the market for 495 days
Data last synced
August 28, 2026

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

Description

Beautiful partially cleared lot on Protection Island just a few minutes stroll from a beach access! This woodland slopes gently down to one of the quietest roads on the island. Come build your getaway home or full time residence and enjoy all that this remarkable island offers; a myriad of forested trails & parks, beautiful beach accesses, community dock for your commuter boat, kayak or rowboat. The island has its own community hall, a volunteer run library & museum; government dock for barge access; community garden; craft groups; a wealth of musicians, artists & writers -not to mention a firehall with fully trained emergency first responders. Set amidst a natural backdrop of forest and ocean, you are just 10 minutes ferry/boat ride to downtown Nanaimo where you can enjoy theatre, the arts district, unique stores & businesses, & easy connections to Vancouver & beyond Heli jet, seaplane, Hullo foot ferry, BC Ferries. (id:63159)

Location Insights

Weather

Nearest station: Nanaimo

Partly Cloudy

15°C

Partly Cloudy

Humidity 87%

Wind SW 3 km/h

Tonight

12°

Tuesday

21°

Tuesday night

14°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

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
Pauline Haarer ElementaryElementary2.3 km
Brechin ElementaryElementary2.7 km
Fairview ElementaryElementary3.2 km
OceaneElementary3.2 km
Career Technical CentreSecondary3.4 km
Discover Montessori School(Independent)Elementary/Middle3.4 km
Bayview ElementaryElementary3.5 km
Cilaire ElementaryElementary3.7 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 (1)

  • Concession713 m

Parks (5+)

  • Blackbeard Park · 46 Captain Morgans Boulevard91 m
  • Hidden Treasure Park · 13 Captain Morgans Boulevard157 m
  • Ben Gunn Park · 120 Cutlass Lookout190 m
  • Captain Hook Park · 49 Captain Morgans Boulevard250 m
  • Smugglers Park · 86 Captain Morgans Boulevard351 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($12,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$199,200.00
Periodic payment — Principal & Interest (monthly)$1,285.17
Additional monthly expenses (strata, tax, utilities, etc.)$135.25
Total monthly cost$1,420.42
Interest paid over 5-yr term$57,091.29
Balance at end of term$179,181.04

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$12,450
Stress test qualifying rate8.09%
Payment you must qualify for$1,818.99

Cash Needed at Closing

Minimum down payment$12,450
Estimated BC PTT$2,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$16,930

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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