Property Type: Condo / ApartmentOwnership: Strata

401 1250 Stewart Ave

Nanaimo, BC V9S4C9

$649,900

2 bed2 bath1 parking961 sqftBuilt 2011
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
960 square feet
Zoning
Multi-Family

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$425/mo
Annual property tax
$3,496.16

Interior

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

Parking

Total spaces
1 — uncovered indicated
Features
Other

Restrictions & Policies

Pets
Allowed with restrictions
Age / occupancy
Age restriction applies

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
BathroomMain level4-Piece
BathroomMain level3-Piece
EntranceMain level7'0 x 7'5
BedroomMain level9'7 x 11'11
Primary BedroomMain level10'0 x 10'01
KitchenMain level7'08 x 10'10
Dining roomMain level9'0 x 12'06
Living roomMain level12'02 x 11'11

Listing Information

MLS®
1044259
Listed
July 25, 2026
Time on market
On the market for 37 days
Data last synced
August 28, 2026

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

Description

Exclusive oceanfront luxury condo offering stunning ocean views of Newcastle Island & Brechin Hill Marina. Offering up x2 Jack & Jill styled individual rentable units separated by their very own entrances in this one overall unit! Can rent or use the entire space as one condo, or enjoy the benefits of extra income from short term rentals. The channel is host to boats, kayaks, float planes & wildlife. The modern open concept design with walls of windows the bright ever changing water views. Luxury features include quartz countertops, high-end stainless appliances, modern cabinetry, top level fixtures, marble flooring and secure underground parking. Possible 2 separate units with lockable Entry doors; one for the main suite and a second bedroom with a 3 piece ensuite. Both of which present individual rental opportunities, or privacy for your visiting guests. This arrangement allows for a versatile investment property. Call today to arrange your private viewing and a great opportunity to live the dream on the fantastic Nanaimo Harbour waterfront. All data including measurements are from sources which we believe to be reliable but should be verified if deemed to be important. (id:63159)

Values & Trends

This listing

$676/sqft

Building average

No other active listings in this building

Central Nanaimo average

$431/sqft

27 active listing(s)

Parking: 1 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

33

6/9 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
Brechin ElementaryElementary866 m
OceaneElementary1.3 km
Discover Montessori School(Independent)Elementary/Middle1.4 km
Career Technical CentreSecondary1.4 km
Pauline Haarer ElementaryElementary1.6 km
Cilaire ElementaryElementary1.8 km
Fairview ElementaryElementary2.0 km
Quarterway ElementaryElementary2.2 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 (5+)

  • Manvirros Indian Grill · 1045 Terminal Avenue North483 m
  • Pita Land Mideast Urban Kitchen · 1150 Terminal Avenue North534 m
  • Pizza Hut · 1150 Terminal Avenue North582 m
  • Danpung Momiji 310 · 505 Terminal Avenue North621 m
  • Nemo Sushi632 m

Cafes (1)

  • Starbucks602 m

Grocery (1)

  • Bulk Barn · 1150 Terminal Avenue North614 m

Parks (3)

  • Chinese Memorial Gardens Park · 105 Saint George Street181 m
  • Saint George Ravine Park · 980 Terminal Avenue North287 m
  • Barney Moriez Park · 450 Poplar Street562 m

Pharmacies (1)

  • Medicine Shoppe Pharmacy · 1150 Terminal Avenue North537 m

Banks & ATMs (2)

  • Freedom 55 Financial515 m
  • BMO774 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 6.2% ($39,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$519,920.00
Periodic payment — Principal & Interest (monthly)$3,354.35
Additional monthly expenses (strata, tax, utilities, etc.)$764.35
Total monthly cost$4,118.69
Interest paid over 5-yr term$149,010.57
Balance at end of term$467,669.72

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$39,990
Stress test qualifying rate8.09%
Payment you must qualify for$4,689.99

Cash Needed at Closing

Minimum down payment$39,990
Estimated BC PTT$10,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$52,488

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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