Property Type: Condo / ApartmentOwnership: Strata

5084 Banning Crt

Nanaimo, BC V9V0A2

$2,600,000

6 bed4 bath6 parking4,644 sqftBuilt 2010
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Property Details

Property & Lot

Sub-type
House
Lot size
1.15 acres
Zoning
Residential

R6

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$300/mo
Annual property tax
$15,166.15

Interior

Heating
Heat Pump, Electric, Natural gas, Hot Water, Other
Cooling / A/C
Air Conditioned
Fireplace
Yes (3)

Exterior & Lot

View
Mountain view, Ocean view

Parking

Total spaces
6

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
WorkshopLower level11'10 x 13'3
Utility roomLower level8'10 x 8'8
Recreation roomLower level23'11 x 13'8
PatioLower level10'2 x 43'0
Mud roomLower level12'5 x 11'6
Family roomLower level19'5 x 16'10
BedroomLower level13'3 x 11'9
BedroomLower level8'10 x 19'9
BedroomLower level11'9 x 13'11
BathroomLower level10'4 x 6'9
BathroomLower level4'11 x 7'8
StorageLower level11'2 x 22'6
PantryMain level12'8 x 7'5
Primary BedroomMain level18'11 x 13'10
Living roomMain level23'5 x 19'5
Laundry roomMain level12'9 x 17'10
KitchenMain level17'9 x 13'10
EntranceMain level5'11 x 8'10
Dining roomMain level8'6 x 13'8
BedroomMain level10'11 x 9'11
BedroomMain level10'3 x 14'3
EnsuiteMain level17'2 x 9'3
BathroomMain level8'5 x 8'1

Listing Information

MLS®
1034457
Listed
May 11, 2026
Time on market
On the market for 112 days
Data last synced
August 28, 2026

Listing provided by: Stonehaus Realty Corp. · Data source: CREA DDF.

Description

Magnificent luxury ocean view home in Nanaimo set on a 1.15-acre private estate in prestigious Arbutus Rock, in North Nanaimo. Custom-built in 2010 by Brad Richardson to exceed expectations, it was designed for both elegance and everyday comfort, at over 4,600 sq ft. The open concept living captures breathtaking panoramic views across the Georgia Strait with passing cruise ships, Winchelsea Islands, and distant snowcapped mountains. The main level features a luxurious primary suite, an additional bedroom and a large den or a 3rd bedroom. The lower level offers an entertainer’s space with a bar and games room, workshop, storage and three more bedrooms. In-floor hot water heating provides warmth downstairs while a heat pump ensures efficient climate control upstairs. Three fireplaces add comfort and atmosphere throughout. Outdoors enjoy gardens, water features, gazebos and a fully irrigated deer-proof nursery and greenhouse. A very rare Nanaimo luxury estate near parks, beaches and amenities. (id:63159)

Values & Trends

This listing

$560/sqft

Building average

No other active listings in this building

North Nanaimo average

$495/sqft

23 active listing(s)

Parking: 6 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

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

SchoolTypeDistance
Frank J. Ney ElementaryElementary432 m
Hammond Bay ElementaryElementary1.4 km
Rutherford ElementaryElementary2.6 km
Uplands Park ElementaryElementary2.8 km
Rock City ElementaryElementary3.1 km
Wellington SecondarySecondary3.2 km
Randerson Ridge ElementaryElementary3.3 km
Departure Bay ElementaryElementary3.4 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 (5+)

  • Fillinger Waterfront Park 2 · 4986 Fillinger Crescent264 m
  • Rocky Point 1 Park · 5021 Winchelsea Place309 m
  • Rocky Point 2 Park · 5026 Winchelsea Place347 m
  • Fillinger Waterfront Park 1419 m
  • Williamson Road Park · 5250 Williamson Road427 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($520,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,080,000.00
Periodic payment — Principal & Interest (monthly)$13,419.45
Additional monthly expenses (strata, tax, utilities, etc.)$1,795.85
Total monthly cost$15,215.30
Interest paid over 5-yr term$596,133.98
Balance at end of term$1,870,966.73

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$520,000
Stress test qualifying rate8.09%
Payment you must qualify for$15,994.47

Cash Needed at Closing

Minimum down payment$520,000
Estimated BC PTT$56,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$577,500

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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