Property Type: Condo / ApartmentOwnership: Strata

504 500 Stewart Ave

Nanaimo, BC V9T5T5

$524,900

2 bed2 bath172 parking1,251 sqftBuilt 1994
Get Directions

Property Details

Property & Lot

Sub-type
Apartment
Zoning
Multi-Family

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$570/mo
Annual property tax
$3,855

Interior

Heating
Heat Pump
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Exterior & Lot

View
Ocean view

Parking

Total spaces
172

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
Laundry roomMain level4'11 x 7'11
BathroomMain level4-Piece
BedroomMain level8'7 x 10'7
EnsuiteMain level4-Piece
Primary BedroomMain level13'1
Living roomMain level15'9 x 13'3
Dining roomMain level8'4 x 13'3
KitchenMain level17'7 x 9'11

Listing Information

MLS®
1047288
Listed
August 20, 2026
Time on market
On the market for 12 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Nanaimo Realty (NanIsHwyN) · Data source: CREA DDF.

Description

cated in desirable Newport Residences you’ll find this beautiful and extensively renovated one bedroom and den condo. The stunning, bright, modern decor, lends itself seamlessly with the outdoor harbourfront environment. Lovely new hardwood floors extend throughout most of the unit and accentuate the stunning new kitchen and other updates. Offering over 1250 ft.² of spacious living with loads of storage. There is also a private balcony with peak ocean views providing a perfect spot for a glass of wine in the evening. Newport is a fabulous condominium development that is just steps to Nanaimo’s seawall and fabulous harbourfront for all season activities. Just a short stroll to many amenities, including BC Ferries, Seair Seaplanes with direct flights to Vancouver, restaurants and so much more. The new heat pump and underground parking complete package. Your new lifestyle is waiting for you (id:63159)

Values & Trends

This listing

$420/sqft

Building average

No other active listings in this building

Brechin Hill average

$425/sqft

10 active listing(s)

Parking: 172 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

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

15

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
Brechin ElementaryElementary782 m
Pauline Haarer ElementaryElementary1.1 km
Fairview ElementaryElementary1.6 km
Discover Montessori School(Independent)Elementary/Middle1.7 km
Career Technical CentreSecondary1.7 km
OceaneElementary1.7 km
Cilaire ElementaryElementary2.3 km
Nanaimo District SecondarySecondary2.3 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)

  • Danpung Momiji 310 · 505 Terminal Avenue North272 m
  • Carbone Pizzeria · 215 Terminal Avenue North417 m
  • White Spot505 m
  • Manvirros Indian Grill · 1045 Terminal Avenue North673 m

Parks (5+)

  • Chinese Memorial Gardens Park · 105 Saint George Street374 m
  • Queen Elizabeth II Promenade462 m
  • Saint George Ravine Park · 980 Terminal Avenue North500 m
  • Barsby Park589 m
  • Caledonia Park · 110 Wall Street671 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.2% ($27,490) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$419,920.00
Periodic payment — Principal & Interest (monthly)$2,709.18
Additional monthly expenses (strata, tax, utilities, etc.)$953.86
Total monthly cost$3,663.04
Interest paid over 5-yr term$120,350.28
Balance at end of term$377,719.40

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$27,490
Stress test qualifying rate8.09%
Payment you must qualify for$3,824.91

Cash Needed at Closing

Minimum down payment$27,490
Estimated BC PTT$8,498
Legal / closing costs (typical estimate)$1,500
Total cash needed$37,488

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.

Request more information