481 Drake St
Nanaimo, BC V9S2S8
$728,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 5,840 square feet
- Zoning
- Residential
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,457
Interior
- Heating
- Natural gas
- Cooling / A/C
- None
- Fireplace
- None
- Appliances
- Washer, Refrigerator, Range - Gas, Dishwasher, Dryer
Exterior & Lot
- View
- Mountain view, Ocean view
- Lot features
- Central location, Level lot, See remarks, Other, Marine Oriented
Building
- Parcel ID (PID)
- 005-169-984
Parking
- Total spaces
- 2
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Lower level | 3'11 x 4'5 |
| Bathroom | Additional Accommodation | 3'11 x 6'3 |
| Storage | Lower level | 5'0 x 5'1 |
| Family room | Lower level | 10'3 x 28'0 |
| Laundry room | Lower level | 4'10 x 11'0 |
| Bedroom | Main level | 7'1 x 7'2 |
| Bedroom | Lower level | 9'1 x 10'5 |
| Bedroom | Main level | 9'0 x 10'10 |
| Bathroom | Main level | 4'10 x 7'0 |
| Primary Bedroom | Main level | 9'11 x 10'5 |
| Kitchen | Main level | 13'10 x 14'7 |
| Living room | Main level | 11'8 x 14'5 |
| Entrance | Main level | 3'6 x 5'0 |
Listing Information
- MLS®
- 1043988
- Listed
- July 24, 2026
- Time on market
- On the market for 39 days
- Data last synced
- September 1, 2026
Listing provided by: REMAX Professionals (NA) · Data source: CREA DDF.
Description
Ocean views & a huge flat back yard for activities. Beautifully updated 4 bed & 2 bath home blends timeless craftsmanship with modern style. Tucked away in a quiet central neighbourhood with great neighbours. Quality renovations in recent years: custom chefs kitchen with all high-end stainless appliances including a gas range, granite counters, kitchen Island rolls & tucks away (great for baking) new floor-to-ceiling cabinetry & modern tile flooring. Designed to entertain with spacious deck off the kitchen for BBQ. Soak in the sunshine & view or walk a few min to the Departure Bay Ferry. Bright living room with vaulted ceiling, fan, quality laminate floors & huge picture window overlooking the lace hydrangea. Freshly painted exterior. Newly refinished 2 bedrooms down. Primary bedroom with view over fenced, spacious yard with garden, fruit trees, shed & room for kids & pets to run & play. Large family room down. Single garage. Cozy forced air gas furnace. All measurements approximate. (id:63159)
Values & Trends
This listing
$472/sqft
Building average
—
No other active listings in this building
Brechin Hill average
$460/sqft
10 active listing(s)
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
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
41
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
| School | Type | Distance |
|---|---|---|
| Oceane | Elementary | 664 m |
| Career Technical Centre | Secondary | 996 m |
| Discover Montessori School(Independent) | Elementary/Middle | 996 m |
| Cilaire Elementary | Elementary | 1.1 km |
| Brechin Elementary | Elementary | 1.2 km |
| Quarterway Elementary | Elementary | 1.9 km |
| Pauline Haarer Elementary | Elementary | 2.3 km |
| Fairview Elementary | Elementary | 2.4 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 (4)
- Nemo Sushi449 m
- Pizza Hut · 1150 Terminal Avenue North499 m
- Pita Land Mideast Urban Kitchen · 1150 Terminal Avenue North518 m
- Manvirros Indian Grill · 1045 Terminal Avenue North765 m
Cafes (2)
- Starbucks542 m
- Black Magic Coffee House564 m
Grocery (1)
- Bulk Barn · 1150 Terminal Avenue North492 m
Parks (3)
- Barney Moriez Park · 450 Poplar Street186 m
- Estevan Park · 1885 Estevan Road513 m
- Saint George Ravine Park · 980 Terminal Avenue North789 m
Pharmacies (2)
- Medicine Shoppe Pharmacy · 1150 Terminal Avenue North530 m
- Anchor Compounding Pharmacy769 m
Banks & ATMs (3)
- BMO400 m
- Unnamed515 m
- Freedom 55 Financial522 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 6.6% ($47,800) — 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.