485 Park Ave
Nanaimo, BC V9R4H3
$545,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 6,950 square feet
- Zoning
- Residential
R5
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,438.11
Interior
- Heating
- Baseboard heaters, Electric
- Cooling / A/C
- None
- Fireplace
- Yes (1)
Parking
- Total spaces
- 4
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Entrance | Main level | 5'1 x 10'6 |
| Primary Bedroom | Main level | 9'5 x 10'6 |
| Living room | Main level | 10'6 x 15'1 |
| Laundry room | Main level | 5'6 x 18'11 |
| Kitchen | Main level | 7'7 x 12'6 |
| Bedroom | Main level | 9'5 x 10'6 |
| Bathroom | Main level | 4-Piece |
Listing Information
- MLS®
- 1031335
- Listed
- April 9, 2026
- Time on market
- On the market for 144 days
- Data last synced
- August 28, 2026
Listing provided by: Sutton Group-West Coast Realty (Nan) · Data source: CREA DDF.
Description
STUDIO/WORKSHOP! Charming 1920s 2-bedroom home on a level, fully fenced lot with both street and alley access—perfect for extra parking, a garden, pets, or play. Step inside to a cozy layout that maximizes every square foot, ideal for first-time buyers, downsizers, or investors. You’ll love being just moments from bus routes, neighborhood parks, and convenient shopping, making everyday errands a breeze. Located in the desirable University area, this home offers an excellent opportunity for easy commuting, access to campus and facilities, and strong long-term rental or resale potential. Enjoy classic character, a manageable yard, and a location that truly puts you in the heart of everything. Don’t miss this affordable gem with big possibilities! Zoned R5. (id:63159)
Values & Trends
This listing
$708/sqft
Building average
—
No other active listings in this building
South Nanaimo average
$431/sqft
46 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
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
48
7/9 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 | 585 m |
| Georgia Avenue Elementary | Elementary | 636 m |
| Learning Alternatives | Secondary | 1.0 km |
| John Barsby Secondary | Secondary | 1.0 km |
| Secondaire de Nanaimo | Secondary | 1.4 km |
| Nanaimo District Secondary | Secondary | 1.4 km |
| Park Avenue Elementary | Elementary | 1.4 km |
| Pauline Haarer Elementary | Elementary | 1.4 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 (5+)
- Burger Factory Nanaimo · 601 Bruce Avenue415 m
- Indian Grill's486 m
- Ai Sushi go491 m
- Mandarin House496 m
- Little George's Express Pizza & Pasta497 m
Cafes (2)
- Tim Hortons470 m
- Starbucks · 540 Fifth Street513 m
Grocery (3)
- Truong Thanh Specialty Asian Grocery503 m
- Buy Low Foods511 m
- Superette524 m
Parks (5+)
- Rosamond Park · 1 Rosamond Street154 m
- Robins Park280 m
- Durham Park · 423 Pine Street491 m
- View Street Park · 38 View Street509 m
- Pawson Gyro Park · 410 Machleary Street587 m
Shopping (2)
- Unnamed · 510 Fifth Street413 m
- University Village · 530 Fifth Street499 m
Pharmacies (1)
- Shoppers Drug Mart413 m
Banks & ATMs (1)
- Superette Foods - Bitcoin Well ATM · 687 Albert Street524 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.4% ($29,500) — 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.