Property Type: Condo / ApartmentOwnership: Strata

506 38 Front St

Nanaimo, BC V9R0B8

$409,900

1 bed1 bath71 parking750 sqftBuilt 2006
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Property Details

Property & Lot

Sub-type
Apartment
Zoning
Residential/Commercial

DT5

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$414/mo
Annual property tax
$2,902

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
Yes (1)

Exterior & Lot

View
City view, Mountain view
Waterfront
Waterfront on ocean

Parking

Total spaces
71 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
Allowed with restrictions

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

Room Dimensions

RoomLevelDimensions
Living roomMain level11'5 x 13'9
Dining roomMain level6'6 x 10'6
Primary BedroomMain level10'5 x 13'7
BathroomMain level4-Piece
KitchenMain level8'2 x 9'11
Laundry roomMain level3'11 x 4'11
StorageMain level7'1 x 7'6
EntranceMain level3'8 x 3'8

Listing Information

MLS®
1044481
Listed
August 4, 2026
Time on market
On the market for 27 days
Data last synced
August 28, 2026

Listing provided by: REMAX Professionals (NA) · Data source: CREA DDF.

Description

Set along Nanaimo's waterfront, Pacifica is a well managed, centrally located development offering modern amenities including underground parking, storage locker, exceptional foyer, and on-site caretaking. Step out to Nanaimo's world renowned Promenade to enjoy seaside dining, morning and evening strolls, ice cream and other shops, or walk downtown to some of Nanaimo best dining and cultural experiences. This includes the Port Theatre just two blocks away, art galleries, and the Summer outdoor market. The home features terrific views of Mount Benson, and offered comfortable living in a one bedroom plan. Updates include interior doors/bi-folds, new paint, upgraded appliances including a side by side counter-depth fridge, dishwasher, and induction slide in stove. Quartz countertops, modern cabinetry and flooring, storage room in-unit plus storage locker and underground parking stall. Recent building updates include exterior paint, interior carpets and paint, and exterior decks resurfaced. Strata fees are $414; pet and rental friendly building. All measurements are approximate and should be verified if important. (id:63159)

Values & Trends

This listing

$547/sqft

Building average

$684/sqft

5 active listing(s)

Old City average

$555/sqft

30 active listing(s)

Parking: 71 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

67

8/9 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 ElementaryElementary437 m
Fairview ElementaryElementary1.4 km
Brechin ElementaryElementary1.6 km
Bayview ElementaryElementary1.8 km
Georgia Avenue ElementaryElementary2.0 km
Secondaire de NanaimoSecondary2.0 km
Nanaimo District SecondarySecondary2.0 km
John Barsby SecondarySecondary2.6 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+)

  • The Firehouse Grill · 75 Front Street73 m
  • Lighthouse Bistro & Pub · 50 Anchor Way104 m
  • Embers Wine & Charcuterie Cellar136 m
  • The View Oceanside Grill · 70 Church Street138 m
  • Gina's Mexican Cafe · 47 Skinner Street143 m

Cafes (5+)

  • Tea on the Quay · 90 Front Street155 m
  • Javawocky Coffee House199 m
  • Modern Café · 221 Commercial Street226 m
  • Ironworks Café & Crêperie · 200 Commercial Street242 m
  • Tim Hortons · 15 Wallace Street412 m

Grocery (3)

  • The Green Store: Discount Organic · 256 Wallace Street382 m
  • ManLee Oriental · 385 Terminal Avenue447 m
  • Thrifty Foods · 650 Terminal Avenue558 m

Parks (5+)

  • Dallas Square Park · 85 Front Street103 m
  • Georgia Park104 m
  • Catherine Gisborne Garden125 m
  • Anchor Way Park · 20 Anchor Way160 m
  • Bastion Square Park · 94 Front Street213 m

Shopping (2)

  • Port Place Shopping Centre · 650 Terminal Avenue559 m
  • London Drugs · 650 Terminal Avenue573 m

Gyms (3)

  • Kind Society Yoga240 m
  • Force Boxing & Fitness · 165 Fraser Street291 m
  • Iyengar Yoga Nanaimo · 335 Wesley Street569 m

Pharmacies (2)

  • Wallace Pharmacy333 m
  • Central Drugs677 m

Banks & ATMs (5+)

  • Royal Bank of Canada · 205 Commercial Street272 m
  • Coastal Community Credit Union · 59 Wharf Street344 m
  • Scotiabank · 65 Commercial Street403 m
  • Scotiabank · 65 Commercial Street405 m
  • CIBC · 650 Terminal Avenue523 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($20,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$327,920.00
Periodic payment — Principal & Interest (monthly)$2,115.63
Additional monthly expenses (strata, tax, utilities, etc.)$693.83
Total monthly cost$2,809.46
Interest paid over 5-yr term$93,982.81
Balance at end of term$294,965.10

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$20,495
Stress test qualifying rate8.09%
Payment you must qualify for$2,994.39

Cash Needed at Closing

Minimum down payment$20,495
Estimated BC PTT$6,198
Legal / closing costs (typical estimate)$1,500
Total cash needed$28,193

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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