Property Type: Detached HouseOwnership: Freehold

50 Mt. Benson St

Nanaimo, BC V9S4C4

$749,900

3 bed1 bath3 parking1,111 sqftBuilt 1920
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Property Details

Property & Lot

Sub-type
House
Lot size
4,356 square feet
Zoning
Residential

R8

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,904

Interior

Heating
Forced air
Cooling / A/C
None
Fireplace
Yes (1)

Parking

Total spaces
3

Room Dimensions

RoomLevelDimensions
StorageLower level9'6
StorageLower level34'9 x 25'1
BedroomMain level10'7 x 10'9
BedroomMain level10'4 x 7'8
BathroomMain level4-Piece
Living roomMain level23'8 x 13'10
KitchenMain level13'5 x 13'3
Primary BedroomMain level9'11 x 15'4

Listing Information

MLS®
1037794
Listed
May 22, 2026
Time on market
On the market for 101 days
Data last synced
August 28, 2026

Listing provided by: 460 Realty Inc. (QU) · Data source: CREA DDF.

Description

Steps from the waterfront in downtown Nanaimo, this 1920’s character home zone R8 offers ocean views, original charm, and plenty of potential for the right buyer. With 1,111 sqft of main level living, the home features 3 bedrooms, 1 bathroom, stained glass details, and character touches throughout. The unfinished lower level provides an additional 1,203 sqft of storage or workshop space and offers future possibilities for redevelopment or added utility. In need of updating and restoration, this property is ready to be reimagined and refined with a new owner’s vision and creativity. Located close to Nanaimo’s waterfront, marinas, restaurants, shopping, and downtown amenities, this is a unique opportunity to bring new life to a classic home in a sought-after location. (id:63159)

Values & Trends

This listing

$675/sqft

Building average

No other active listings in this building

Brechin Hill average

$439/sqft

10 active listing(s)

Parking: 3 stall(s) includedStorage locker: Not indicated

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

Partly Cloudy

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

22

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

SchoolTypeDistance
Pauline Haarer ElementaryElementary820 m
Brechin ElementaryElementary884 m
Fairview ElementaryElementary1.4 km
Discover Montessori School(Independent)Elementary/Middle1.9 km
Career Technical CentreSecondary1.9 km
OceaneElementary2.0 km
Nanaimo District SecondarySecondary2.1 km
Secondaire de NanaimoSecondary2.1 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)

  • White Spot280 m
  • Carbone Pizzeria · 215 Terminal Avenue North286 m
  • Danpung Momiji 310 · 505 Terminal Avenue North385 m

Cafes (1)

  • Tim Hortons · 15 Wallace Street685 m

Parks (5+)

  • Queen Elizabeth II Promenade188 m
  • Barsby Park372 m
  • Pearson Park405 m
  • Caledonia Park · 110 Wall Street548 m
  • Maffeo Sutton Park611 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 6.7% ($49,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$599,920.00
Periodic payment — Principal & Interest (monthly)$3,870.48
Additional monthly expenses (strata, tax, utilities, etc.)$381.33
Total monthly cost$4,251.81
Interest paid over 5-yr term$171,938.80
Balance at end of term$539,629.98

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$49,990
Stress test qualifying rate8.09%
Payment you must qualify for$5,382.06

Cash Needed at Closing

Minimum down payment$49,990
Estimated BC PTT$12,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$64,488

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.

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