447,449&455 Nicol St
Nanaimo, BC V9R4T5
$1,250,000
Property Details
Property & Lot
- Lot size
- 17,424 square feet
- Zoning
- Unknown
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $5,006.96
Interior
- Fireplace
- None
Exterior & Lot
- View
- Ocean view
Listing Information
- MLS®
- 1036107
- Listed
- May 8, 2026
- Time on market
- On the market for 116 days
- Data last synced
- August 28, 2026
Listing provided by: Sotheby's International Realty Canada (Vic2) · Data source: CREA DDF.
Description
For sale: 427, 449 & 455 Nicol Street, Nanaimo, B.C. (the ''Subject Site'') — a compelling opportunity to acquire a Development Permit-ready multifamily site in one of Nanaimo's most rapidly transforming neighbourhoods. The Subject Site comprises three contiguous lots totaling 17,692 SF (0.41 acres) with 160+ feet of frontage on Nicol Street. Zoned COR3 Community Corridor, the plans designed by Stantec Architecture for a 4-storey, 35-unit purpose-built rental building. The unit mix comprises 8 micro-studios, 15 one-bedroom units, and 12 two-bedroom units. The Subject Site is a five-minute drive to downtown Nanaimo, Port Place Mall, and the Harbourfront Walkway, and ten minutes to Vancouver Island University and BC Ferries terminals. (id:63159)
Location Insights
Weather
12°C
Partly Cloudy
Humidity 96%
Wind S 7 km/h
Today
21°
Tonight
14°
Wednesday
16°
Wednesday night
12°
Thursday
16°
Thursday night
11°
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
19
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 |
|---|---|---|
| Bayview Elementary | Elementary | 356 m |
| Georgia Avenue Elementary | Elementary | 1.4 km |
| Park Avenue Elementary | Elementary | 1.4 km |
| John Barsby Secondary | Secondary | 1.5 km |
| Learning Alternatives | Secondary | 1.5 km |
| Pauline Haarer Elementary | Elementary | 1.7 km |
| Fulford Community Elementary | Elementary | 2.1 km |
| Fairview Elementary | Elementary | 2.1 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
Restaurants (3)
- MGM · 240 Nicol Street324 m
- Alice's Restaurant · 728 Nicol Street563 m
- Ricky's All Day Grill - Nanaimo South/Days Inn · 809 Trans-Canada Highway778 m
Parks (5+)
- Mary Jane Peters Park298 m
- View Street Park · 38 View Street314 m
- Deverill Square Gyro 2 Park · 200 Irwin Street358 m
- Knowles Park555 m
- Robins Park679 m
Gyms (1)
- Dolly's Gym · 111 Nicol Street588 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 8.0% ($100,000) — 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.