Property Type: Detached HouseOwnership: Freehold

351 Avaani Way

Nanaimo, BC V9R4J5

$1,099,999

6 bed4 bath4 parking2,970 sqftBuilt 2026
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Property Details

Property & Lot

Sub-type
House
Lot size
6,745 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,770.69

Interior

Heating
Heat Pump, Baseboard heaters, Forced air, Electric, Natural gas
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Parking

Total spaces
4 — covered indicated
Features
Garage

Room Dimensions

RoomLevelDimensions
OtherAdditional Accommodation2'8 x 5'4
BathroomAdditional Accommodation5'1 x 9'2
BedroomAdditional Accommodation10'6 x 14'0
BedroomAdditional Accommodation10'7 x 14'0
Living roomAdditional Accommodation16'5 x 16'1
KitchenAdditional Accommodation10'6 x 16'1
EntranceLower level5'7 x 9'3
Utility roomLower level6'9 x 11'7
BathroomLower level5'4 x 8'11
BedroomLower level11'3 x 9'7
Laundry roomMain level6'6 x 3'0
BathroomMain level8'2 x 4'11
BedroomMain level10'5 x 11'2
BedroomMain level10'11 x 14'3
EnsuiteMain level10'1 x 7'4
Primary BedroomMain level14'0 x 16'2
Family roomMain level16'3 x 18'8
Dining roomMain level16'6 x 12'1
KitchenMain level10'1 x 18'8
EntranceLower level13'9 x 11'6

Listing Information

MLS®
1043477
Listed
July 16, 2026
Time on market
On the market for 46 days
Data last synced
August 28, 2026

Listing provided by: eXp Realty (NA) · Data source: CREA DDF.

Description

Welcome to 351 Avaani Way a brand new 6 bedroom, 4 bathroom home with a fully self contained 2 bedroom legal suite, perfect for generating rental income or housing extended family. The main home is designed for comfort and functionality. The lower level offers a 2-car garage and a versatile bedroom with its own full bathroom and private exterior access ideal for a home office, gym, or guest room. Head upstairs to find an open and inviting living space highlighted by a gas fireplace, quartz countertops, laminate flooring throughout, and a full stainless steel appliance package. The primary bedroom is a true retreat, complete with a generous walk-in closet, an ensuite and a private deck. Two additional bedrooms, a 4 piece bathroom a second deck, and a landscaped yard complete the package. Stay comfortable year-round with natural gas forced-air heating and central air conditioning, and buy with confidence knowing this home is fully covered under the BC New Home Warranty Program (2-5-10). The legal suite impresses with 9-foot ceilings, its own heat pump, and a well-appointed 2 bedroom layout a rare and valuable bonus. Located close to Vancouver Island University, top-rated elementary and secondary schools, and all levels of shopping, with a short drive to downtown Nanaimo's best restaurants, cafes, and shops. For more information, contact Travis Briggs at 250-713-5501 or travis@travisbriggs.ca (Measurements and data approximate; verify if important.) (id:63159)

Values & Trends

This listing

$370/sqft

Building average

No other active listings in this building

University District average

$404/sqft

34 active listing(s)

Parking: 4 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

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

11

1/9 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
Park Avenue ElementaryElementary596 m
Fulford Community ElementaryElementary868 m
Learning AlternativesSecondary1.3 km
John Barsby SecondarySecondary1.3 km
Bayview ElementaryElementary1.6 km
Georgia Avenue ElementaryElementary1.9 km
Chase River ElementaryElementary2.3 km
Nanaimo District SecondarySecondary2.9 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

Parks (5+)

  • Southwood Park · 1080 Park Avenue194 m
  • Cambie Park · 390 Cambie Road327 m
  • Kinette Evergreen Park363 m
  • Kolby Park · 993 Kolby Avenue434 m
  • Applegreen Park · 309 Applegreen Avenue509 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 7.7% ($85,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$879,999.00
Periodic payment — Principal & Interest (monthly)$5,677.45
Additional monthly expenses (strata, tax, utilities, etc.)$379.89
Total monthly cost$6,057.35
Interest paid over 5-yr term$252,210.24
Balance at end of term$791,561.95

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$85,000
Stress test qualifying rate8.09%
Payment you must qualify for$7,804.99

Cash Needed at Closing

Minimum down payment$85,000
Estimated BC PTT$20,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$106,500

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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