532 Selby St
Nanaimo, BC V9R2R8
$249,900
Property Details
Property & Lot
- Lot size
- 2,827 square feet
- Zoning
- Residential
DT8
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $3,576.4
Interior
- Fireplace
- None
Listing Information
- MLS®
- 1027431
- Listed
- March 3, 2026
- Time on market
- On the market for 181 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Island Living (PK) · Data source: CREA DDF.
Description
APPROVED FOR A SMALLER SETBACK TO ALLOW A GOOD-SIZED FAMILY HOME! This prime 38 x 74.4 ft cleared vacant lot is an incredible opportunity to bring your plans and develop a building with innumerable possible uses. The board of variance has recently approved a setback of 1.52m which will give more flexibility in building a residential home. Zoned DT8, this flexible use zoning allows for mixed-use commercial and residential, residential use, street level commercial with second and third floors as multi-family residential uses, and more. The location is perfectly suited for a thriving business, adjacent to Nob Hill Park and close to all services and the vibrant Nanaimo Harbour. City services are available to the lot as well as natural gas. Enjoy breathtaking views of the mountain and city by adding height on the upper levels. Whether for single or multi-family residential or commercial purposes, the options are endless. The DT8 zoning permits a variety of businesses, such as pharmacies, offices, restaurants, pubs, daycares & more. Don't miss out on your chance to build your dream property in this fantastic downtown location. (id:63159)
Location Insights
Weather
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
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
| School | Type | Distance |
|---|---|---|
| Pauline Haarer Elementary | Elementary | 865 m |
| Bayview Elementary | Elementary | 944 m |
| Georgia Avenue Elementary | Elementary | 1.3 km |
| Fairview Elementary | Elementary | 1.4 km |
| Secondaire de Nanaimo | Secondary | 1.7 km |
| Nanaimo District Secondary | Secondary | 1.7 km |
| John Barsby Secondary | Secondary | 1.8 km |
| Learning Alternatives | Secondary | 1.8 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
Restaurants (5+)
- Indian Grill's281 m
- Bar Luna · Victoria Road 7284 m
- Diamond Indian Cuisene · 489 Wallace Street287 m
- Bamboo Garden · 67 Victoria Crescent295 m
- Bastion Pizza Company · 16 Victoria Crescent297 m
Cafes (5+)
- The Vault Cafe · 499 Wallace Street275 m
- Gabriel's Gourmet Cafe · 39 Commercial Street417 m
- Serious Coffee · 60 Commercial Street417 m
- White Rabbit Coffee Co · 321 Selby Street420 m
- Real Food Café · 321 Wesley Street467 m
Grocery (4)
- Superette242 m
- ManLee Oriental · 385 Terminal Avenue395 m
- Thrifty Foods · 650 Terminal Avenue546 m
- The Green Store: Discount Organic · 256 Wallace Street567 m
Parks (5+)
- Nob Hill Park · 400 Milford Crescent101 m
- Pioneer Square Park299 m
- Italian Square Park397 m
- Piper Park511 m
- Pawson Gyro Park · 410 Machleary Street536 m
Shopping (2)
- London Drugs · 650 Terminal Avenue496 m
- Port Place Shopping Centre · 650 Terminal Avenue524 m
Gyms (4)
- Dolly's Gym · 111 Nicol Street362 m
- Iyengar Yoga Nanaimo · 335 Wesley Street440 m
- Kind Society Yoga648 m
- Force Boxing & Fitness · 165 Fraser Street728 m
Pharmacies (1)
- Central Drugs163 m
Banks & ATMs (5+)
- Superette Foods - Bitcoin Well ATM · 687 Albert Street244 m
- TD385 m
- Scotiabank · 65 Commercial Street436 m
- Scotiabank · 65 Commercial Street440 m
- Coastal Community Credit Union · 59 Wharf Street511 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($12,495) — 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.