Property Type: Condo / ApartmentOwnership: Strata

518 Steeves Rd

Nanaimo, BC V9R0H8

$650,000

3 bed3 bath2 parking1,579 sqftBuilt 2017
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Property Details

Property & Lot

Sub-type
House
Lot size
3,920 square feet
Zoning
Residential

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$0/mo
Annual property tax
$5,223.5

Interior

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

Parking

Total spaces
2

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
EnsuiteSecond level3-Piece
Primary BedroomSecond level13' x 11'
BedroomSecond level10'0 x 11'8
BedroomSecond level11'0 x 9'8
BathroomSecond level4-Piece
Living roomMain level12'0 x 13'2
Laundry roomMain level10' x 9'
KitchenMain level10' x 11'
Dining roomMain level10'0 x 13'2
BathroomMain level2-Piece

Listing Information

MLS®
1027916
Listed
March 10, 2026
Time on market
On the market for 174 days
Data last synced
August 28, 2026

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

Description

Welcome to this stylish detached duplex in desirable South Nanaimo! This 3 bedroom, 3 bathroom home offers modern finishings and a functional layout perfect for families or professionals. The bright main living area features a cozy gas fireplace, creating a warm and inviting space to relax or entertain. The kitchen showcases contemporary cabinetry, sleek finishes, and plenty of storage. Upstairs you'll find comfortable bedrooms including a spacious primary suite with its own ensuite. Enjoy the convenience of a garage for parking and additional storage. Ideally located within walking distance to shopping, schools, and everyday amenities, this home offers both comfort and convenience in a growing neighbourhood. A fantastic opportunity for those seeking modern living in a prime South Nanaimo location! All data and measurements approx. & must be verified if deemed important. Photos were taken before current tenant by property manager. (id:63159)

Values & Trends

This listing

$412/sqft

Building average

No other active listings in this building

South Nanaimo average

$572/sqft

11 active listing(s)

Parking: 2 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

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
Park Avenue ElementaryElementary954 m
John Barsby SecondarySecondary1.1 km
Learning AlternativesSecondary1.1 km
Fulford Community ElementaryElementary1.7 km
Georgia Avenue ElementaryElementary1.8 km
Bayview ElementaryElementary2.0 km
Nanaimo District SecondarySecondary2.7 km
Secondaire de NanaimoSecondary2.7 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+)

  • Lotus Pinnatus Park327 m
  • Kinette Evergreen Park496 m
  • Alpen Way Park501 m
  • Kolby Park · 993 Kolby Avenue543 m
  • Shante Park684 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 6.2% ($40,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$520,000.00
Periodic payment — Principal & Interest (monthly)$3,354.86
Additional monthly expenses (strata, tax, utilities, etc.)$514.29
Total monthly cost$3,869.16
Interest paid over 5-yr term$149,033.49
Balance at end of term$467,741.68

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$40,000
Stress test qualifying rate8.09%
Payment you must qualify for$4,690.69

Cash Needed at Closing

Minimum down payment$40,000
Estimated BC PTT$11,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$52,500

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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