Property Type: Land / LotOwnership: Freehold

4781 McGuffie Rd

Nanaimo, BC V9T5B3

$1,550,000

Get Directions

Property Details

Property & Lot

Lot size
2.35 acres
Zoning
Unknown

R1

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$4,122

Interior

Fireplace
None

Exterior & Lot

View
Ocean view

Listing Information

MLS®
1025706
Listed
February 11, 2026
Time on market
On the market for 201 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Anchor Realty (QU) · Data source: CREA DDF.

Description

RARE OPPORTUNITY! 2.35 Acre Parcel with over 200 ft of frontage. INCREDIBLE LOCATION with REDEVELOPMENT POTENTIAL. Nestled on a quiet dead end street only a short walk to Keel Cove trails connecting to Neck Point Park and Sunset Beach. R1 zoning surrounded by R10 & R5 creating excellent potential for rezoning to multi-family. OCP: Suburban Neighbourhood - single-unit dwellings with/without secondary suites, Duplexes, Ground-oriented multi-unit dwellings including tri/fourplex, townhome, Up to 3 storeys. Buyer to verify redevelopment potential and measurements if important. Call Teresa Hall 778-239-4435 for more information. (id:63159)

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

19

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
Hammond Bay ElementaryElementary606 m
Frank J. Ney ElementaryElementary1.1 km
Departure Bay ElementaryElementary2.9 km
Rock City ElementaryElementary2.9 km
Uplands Park ElementaryElementary3.1 km
Wellington SecondarySecondary3.2 km
Rutherford ElementaryElementary3.4 km
Randerson Ridge ElementaryElementary3.9 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 Restaurant330 m

Parks (5+)

  • McGuffie Park · 4665 McGuffie Road181 m
  • Neck Point Park · 1055 Morningside Drive553 m
  • Walley Creek Trail Park591 m
  • Morningside Park609 m
  • Laguna Park · 4695 Sheridan Ridge Road629 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($310,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,240,000.00
Periodic payment — Principal & Interest (monthly)$8,000.06
Additional monthly expenses (strata, tax, utilities, etc.)$343.50
Total monthly cost$8,343.56
Interest paid over 5-yr term$355,387.56
Balance at end of term$1,115,384.01

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$310,000
Stress test qualifying rate8.09%
Payment you must qualify for$9,535.17

Cash Needed at Closing

Minimum down payment$310,000
Estimated BC PTT$29,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$340,500

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