5041 Paton Rd
Ladysmith, BC V9G1M6
$818,000
Open House
Saturday, September 5
1:00 PM – 3:00 PM
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 8,712 square feet
- Zoning
- Other
R2 / W5
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $2,322
Interior
- Heating
- Baseboard heaters, Electric
- Cooling / A/C
- None
- Fireplace
- None
- Appliances
- Washer, Refrigerator, Range - Electric, Dryer
Exterior & Lot
- View
- Mountain view, Ocean view
- Waterfront
- Waterfront on ocean
- Lot features
- Central location, Private setting, Other, Marine Oriented
Building
- Parcel ID (PID)
- 004-970-403
Parking
- Total spaces
- 3
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Other | Auxiliary Building | 6'8 x 7'4 |
| Unfinished Room | Lower level | 20'9 x 10'3 |
| Storage | Lower level | 17'8 x 15'4 |
| Bathroom | Main level | 5'5 x 8'0 |
| Storage | Lower level | 2'7 x 9'8 |
| Bonus Room | Lower level | 11'5 x 12'2 |
| Porch | Main level | 9'11 x 6'4 |
| Kitchen | Main level | 11'7 x 13'3 |
| Primary Bedroom | Main level | 9'5 x 12'5 |
| Living room | Main level | 11'6 x 16'10 |
| Entrance | Main level | 3'6 x 8'6 |
| Dining room | Main level | 9'5 x 4'5 |
| Bedroom | Main level | 7'5 x 10'6 |
Listing Information
- MLS®
- 1037227
- Listed
- June 23, 2026
- Time on market
- On the market for 69 days
- Data last synced
- August 31, 2026
Listing provided by: Royal LePage Nanaimo Realty LD · Data source: CREA DDF.
Description
5041 Paton Road is a unique walk-on waterfront retreat offering the best of Vancouver Island living. Situated on a private 0.20-acre lot at the end of a quiet dead-end road in Ladysmith, this property combines natural beauty, thoughtful updates, and a peaceful setting mins to marinas, restaurants, shopping, ferries, and the airport. Built in 1965, this 2-bed, 1-bath home has been extensively improved. The bright sunroom was converted into a second bedroom with direct access to the deck and would also make an ideal home office or creative space. Main level has an updated kitchen and bathroom, local alder hardwood floors, and newer windows, doors, and blinds. Recent updates include newer kitchen appliances, a new fence, and freshly sanded and stained decks. Lower level has exterior access to workshop and storage areas, plus a bonus room for a den, office, or guest accommodation. Property history includes a miniature railway that once delighted neighborhood children. Outside is where this property truly shines. Wander through the beautifully landscaped terraced gardens with hand-built rock walls and pathways leading to the wood-fired sauna. Relax around the firepit, entertain on the lower waterfront deck, or enjoy morning coffee while taking in the coastal scenery. A detached storage shed has space for hobbies and gear. Wildlife includes otters, eagles, herons, oyster catchers, seals, quail, and songbirds that frequent the shoreline. Other updates: upgraded heating, perimeter drainage, basement waterproofing, underground sprinklers, and a newer hot water tank. Whether searching for a full-time residence or the perfect Island getaway, 5041 Paton Road offers an exceptional opportunity to enjoy the relaxed coastal lifestyle Vancouver Island is famous for. (id:63159)
Values & Trends
This listing
$931/sqft
Building average
—
No other active listings in this building
Ladysmith average
$543/sqft
69 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
Nearest station: Nanaimo
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
8,990
(2021 Census)
+5.3% since 2016
Density: 746.7/km²
Dwellings: 4,079
Median household income: $81,000
After-tax: $72,500
Immigrant population: 12.7%
Top countries of origin (% of total population)
- United Kingdom4.9% · 440
- United States of America1.3% · 120
- Germany0.7% · 65
- Netherlands0.5% · 45
- Poland0.3% · 25
- South Africa, Republic of0.3% · 25
- India0.3% · 25
- Mexico0.2% · 20
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
7
1/9 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 |
|---|---|---|
| Ladysmith Intermediate | Elementary | 2.5 km |
| Ladysmith Secondary | Secondary | 2.7 km |
| Ladysmith Primary | Elementary | 2.9 km |
| North Oyster Elementary | Elementary | 3.6 km |
| Stz'uminus Senior Secondary(Independent) | Secondary | 5.5 km |
| Cedar Elementary | Elementary | 9.2 km |
| Thetis Island Elementary | Elementary | 11.2 km |
| Cedar Secondary | Secondary | 11.4 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
Parks (1)
- Christie Road Park485 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 6.9% ($56,800) — 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.