Property Type: Detached HouseOwnership: Freehold

51 Lake Heights Pl

Nanaimo, BC V9T6G8

$2,488,000

3 bed3 bath4 parking3,738 sqftBuilt 1972
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Property Details

Property & Lot

Sub-type
House
Lot size
0.67 acres
Zoning
Multi-Family

R5

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$9,286.24

Interior

Heating
Heat Pump, Forced air, Natural gas
Cooling / A/C
Fully air conditioned, Air Conditioned
Fireplace
Yes (3)

Exterior & Lot

View
Lake view, Mountain view
Waterfront
Waterfront on lake

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
OtherAuxiliary Building7'3 x 12'4
Utility roomLower level4'6 x 6'5
BedroomLower level18'10
Utility roomLower level6'5 x 4'6
BedroomLower level12'2 x 16'5
Exercise roomLower level11'11 x 14'8
StorageLower level11'10 x 26'9
Laundry roomLower level9'8 x 7'4
Recreation roomLower level12'2 x 27'5
BathroomLower level5-Piece
Utility roomLower level4'10 x 6'2
Living roomMain level30'11 x 29'1
Dining roomMain level11'8 x 11'10
Living roomMain level15'7 x 12'10
KitchenMain level13'8
Mud roomMain level7'9 x 6'2
Primary BedroomMain level14'5 x 27'1
BathroomMain level2-Piece
Laundry roomMain level7'8 x 8'11
EnsuiteMain level5-Piece

Listing Information

MLS®
1038049
Listed
June 17, 2026
Time on market
On the market for 75 days
Data last synced
August 28, 2026

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

Description

Unbeatable lakefront living in the City of Nanaimo! This home is a one-of-a-kind, renovated 3 Bedroom, 3 Bathroom luxury property sprawled over 3738 sqft. of living space, with over 1,300 sqft of garage & storage. The interior of the home is grand with 12' ceiling in the living room, rustic, refined wood floors throughout, multiple gas fireplaces, a chef's dream kitchen equipped with custom Decor appliance package, including a 42'' gas range. The elegant main level primary bedroom is massive, featuring 10' celling, a gas fireplace, deck access & laundry in the unique ensuite. Step out to the sunny, main level deck with 80 year old growth fir decking, lounge area w/ gas fireplace & lower level access. Take in the fantastic views overlooking the gas heated salt pool, manicured yard, Green Lake & fabulous sunsets. Downstairs features 2 more bedrooms including another large primary-style suite with outside access. Plenty of storage, a fun Rec. room for entertaining and access to a spacious lower level, covered, exterior entertaining area. Located in the City of Nanaimo on .71 acres gently sloping down to Green Lake. Outdoor enthusiast will love the lakefront lifestyle - cast your fishing rod from your own dock, take in the stunning views of the beautifully manicured property & relax in your 20'x40' natural gas heated, salt water, ICF pool! Extra features include a low maintenance metal roof, rare higher end siding, heat pump with A/C, two double garages for ample parking and storage, power blinds, wired for sound everywhere, built-in vacu-flow system in wall, 2 Hot Water Tanks, custom light fixtures & furniture (which may be available), privacy galore in a quite area but right next city amenities. (id:63159)

Values & Trends

This listing

$666/sqft

Building average

No other active listings in this building

Pleasant Valley average

$426/sqft

6 active listing(s)

Parking: 4 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

11

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
Pleasant Valley ElementaryElementary1.0 km
Aspengrove School(Independent)K-121.1 km
Dover Bay SecondaryElementary2.1 km
Randerson Ridge ElementaryElementary2.3 km
McGirr ElementaryElementary2.4 km
Seaview ElementaryElementary2.7 km
Rutherford ElementaryElementary2.9 km
Uplands Park ElementaryElementary3.8 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 (3)

  • Green Lake Park154 m
  • Dunbar Park · 6636 Green Acres Way419 m
  • Everest Drive Park · 6635 Everest Drive432 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($497,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,990,400.00
Periodic payment — Principal & Interest (monthly)$12,841.39
Additional monthly expenses (strata, tax, utilities, etc.)$960.85
Total monthly cost$13,802.24
Interest paid over 5-yr term$570,454.36
Balance at end of term$1,790,371.24

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$497,600
Stress test qualifying rate8.09%
Payment you must qualify for$15,305.48

Cash Needed at Closing

Minimum down payment$497,600
Estimated BC PTT$52,640
Legal / closing costs (typical estimate)$1,500
Total cash needed$551,740

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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