427 Thetis Dr
Ladysmith, BC V9G0A8
$364,900
Property Details
Property & Lot
- Lot size
- 15,376 square feet
- Zoning
- Residential
R1
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $2,806
Interior
- Fireplace
- None
Exterior & Lot
- View
- Mountain view, Ocean view
Listing Information
- MLS®
- 986044
- Listed
- February 3, 2025
- Time on market
- On the market for 574 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Nanaimo Realty (NanIsHwyN) · Data source: CREA DDF.
Description
Unparalleled Ocean Views in a Prestigious Neighborhood! Looking for the perfect lot to build your dream home? This 15,000+ sq. ft. property boasts unobstructed ocean and mountain views from every level, with a spacious, level-entry design perfect for a three-story home. - Spectacular 180° views of the Gulf Islands & coastal mountains - Zoned R1 – Allows for a single-family home or duplex, plus options for a suite, coach house, or B&B - Construction-ready – Partially excavated, with underground services already in place - Paved road access in a quiet, high-end subdivision with million-dollar homes - Ideal location – Just 15 minutes to the airport, 8 minutes to Ladysmith’s downtown, and close to hiking, golf, and shopping This premium lot is one of the best in the area—ready for your vision to come to life! Don’t miss out on this rare chance to build in a stunning West Coast setting. All measurements are approximate, and data; buyers to verify if important. (id:63159)
Location Insights
Weather
Nearest station: Nanaimo
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
8,990
(2021 Census)
+5.3% since 2016
Density: 746.7/km²
Dwellings: 4,079
Median household income: $81,000
After-tax: $72,500
Immigrant population: 12.7%
Top countries of origin (% of total population)
- United Kingdom4.9% · 440
- United States of America1.3% · 120
- Germany0.7% · 65
- Netherlands0.5% · 45
- Poland0.3% · 25
- South Africa, Republic of0.3% · 25
- India0.3% · 25
- Mexico0.2% · 20
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
11
3/9 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
| School | Type | Distance |
|---|---|---|
| Ladysmith Primary | Elementary | 2.3 km |
| Ladysmith Secondary | Secondary | 2.5 km |
| Ladysmith Intermediate | Elementary | 2.7 km |
| Stz'uminus Senior Secondary(Independent) | Secondary | 3.4 km |
| Chemainus Elementary Community School | Elementary | 7.2 km |
| Chemainus Secondary | K-12 | 7.8 km |
| North Oyster Elementary | Elementary | 8.6 km |
| Thetis Island Elementary | Elementary | 9.3 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)
- Sushi Wara762 m
Shopping (1)
- Coronation Mall · 370 Davis Road771 m
Pharmacies (1)
- IDA Drug · 370 Trans-Canada Highway706 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($18,245) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.