Property Type: Land / LotOwnership: Freehold

3855 Gulfview Dr

Nanaimo, BC V9T6E2

$499,800

0 bed0 bath6 parking
Get Directions

Property Details

Property & Lot

Lot size
13,132 square feet
Zoning
Residential

R-5

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$3,399.43

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, Ocean view

Parking

Total spaces
6 — uncovered indicated
Features
Stall

Listing Information

MLS®
1047370
Listed
August 19, 2026
Time on market
On the market for 12 days
Data last synced
August 28, 2026

Listing provided by: Sutton Group-West Coast Realty (Nan) · Data source: CREA DDF.

Description

North Nanaimo Oceanview Lot - Dream Home Ready to Build. Exceptional opportunity on Gulfview Drive in North Nanaimo with breathtaking ocean and mountain views. The dream home plans are complete, and the building permit has already been issued, allowing construction to begin without the usual permit delays. For investors, there may also be an opportunity to partner with the land owner, build the home together, and share in the potential profit. Located in one of North Nanaimo's most desirable neighbourhoods and surrounded by multi-million-dollar custom homes, this rare property offers spectacular views toward Neck Point Park, Pipers Lagoon, and Shack Island, with Eagle View Park directly behind the property, providing additional privacy and natural surroundings. Enjoy watching BC Ferries, cruise ships, and Canadian Naval vessels pass through the waters, along with frequent sightings of whales, eagles, and other marine wildlife. Close to beaches, parks, schools, shopping, and all North Nanaimo amenities, this is a rare opportunity to secure an ocean view building lot that is truly ready to go. Build your dream home - or explore an investment partnership with the land owner. Price Plus GST. Home Warranty 2-5-10 years in place (id:63159)

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

7

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
Hammond Bay ElementaryElementary773 m
Frank J. Ney ElementaryElementary2.3 km
Departure Bay ElementaryElementary2.3 km
Rock City ElementaryElementary2.9 km
Wellington SecondarySecondary3.3 km
Cilaire ElementaryElementary3.7 km
Uplands Park ElementaryElementary3.7 km
OceaneElementary4.1 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+)

  • Glen Oaks Park 4 · 3825 Glen Oaks Drive352 m
  • Charlaine Boat Ramp360 m
  • Eagle View Park · 3949 Gulfview Drive422 m
  • Glen Oaks Park 5 · 3853 Glen Oaks Drive425 m
  • Glen Oaks Park 6 · 3830 Glen Oaks Drive437 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($24,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$399,840.00
Periodic payment — Principal & Interest (monthly)$2,579.63
Additional monthly expenses (strata, tax, utilities, etc.)$283.29
Total monthly cost$2,862.92
Interest paid over 5-yr term$114,595.29
Balance at end of term$359,657.37

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$24,990
Stress test qualifying rate8.09%
Payment you must qualify for$3,651.12

Cash Needed at Closing

Minimum down payment$24,990
Estimated BC PTT$7,996
Legal / closing costs (typical estimate)$1,500
Total cash needed$34,486

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.

Request more information