Property Type: Condo / ApartmentOwnership: StrataNEW LISTING

42 Kanaka Pl

Nanaimo, BC V9T5B7

$589,900

3 bed2 bath4 parking1,713 sqftBuilt 1977
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Property Details

Property & Lot

Sub-type
House
Zoning
Residential

R5

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$280/mo
Annual property tax
$3,807.08

Interior

Heating
Heat Pump, Baseboard heaters, Electric
Cooling / A/C
Air Conditioned
Fireplace
None
Appliances
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer

Exterior & Lot

Lot features
Cul-de-sac, Other

Building

Parcel ID (PID)
000-685-950

Parking

Total spaces
4

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

RoomLevelDimensions
BathroomOther4-Piece
BedroomOther14'1 x 10'8
BedroomOther15'10 x 12'2
KitchenMain level10'1 x 11'6
Dining roomMain level9'4 x 11'8
Living roomMain level17'4 x 11'8
BathroomSecond level2-Piece
Primary BedroomSecond level17'8 x 23'2
EntranceLower level13'1 x 11'5

Listing Information

MLS®
1048029
Listed
August 28, 2026
Time on market
On the market for 4 days
Data last synced
August 30, 2026

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

Description

Welcome home to 42 Kanaka Place in desirable North Nanaimo’s Malaspina Estates! Updated 4-level split is move-in ready & situated on a quiet cul-de-sac just minutes from scenic Neck Point beaches and trails. Step inside to a light & bright living space flooded w natural light. Comfort ensured year-round thanks to the heat pump offering efficient heating & cooling. Spacious primary bedroom (originally was family room) on 2nd level features a seamless transition outdoors with a slider leading right onto a private deck. 2 more beds & 4pc bath on top floor. Outside, enjoy a level, fenced backyard w storage shed & low-maintenance rock landscaping at front—perfect for relaxing & entertaining. Ample parking including a covered carport plus extra space out front for guests. Combining an ideal layout, quiet coastal neighborhood feel, & prime north location close to parks, trails, & beaches, this home is a must-see! Transit nearby. All measurements approx - Buyer to verify if deemed important (id:63159)

Values & Trends

This listing

$344/sqft

Building average

No other active listings in this building

North Nanaimo average

$504/sqft

23 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

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
Frank J. Ney ElementaryElementary503 m
Hammond Bay ElementaryElementary1.5 km
Uplands Park ElementaryElementary2.2 km
Rock City ElementaryElementary2.3 km
Wellington SecondarySecondary2.5 km
Rutherford ElementaryElementary2.5 km
Departure Bay ElementaryElementary2.8 km
Randerson Ridge ElementaryElementary3.0 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 (1)

  • The Piper's Restaurant654 m

Parks (5+)

  • Laguna Park 3 · 4900 Laguna Way246 m
  • Laguna Park 2 · 5020 Laguna Way249 m
  • Roxanne Park · 4780 Roxanne Drive354 m
  • Williamson Road Park · 5250 Williamson Road438 m
  • Walley Creek Trail Park441 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.8% ($33,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$471,920.00
Periodic payment — Principal & Interest (monthly)$3,044.67
Additional monthly expenses (strata, tax, utilities, etc.)$682.99
Total monthly cost$3,727.65
Interest paid over 5-yr term$135,253.63
Balance at end of term$424,493.57

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$33,990
Stress test qualifying rate8.09%
Payment you must qualify for$4,274.75

Cash Needed at Closing

Minimum down payment$33,990
Estimated BC PTT$9,798
Legal / closing costs (typical estimate)$1,500
Total cash needed$45,288

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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