Property Type: TownhouseOwnership: Strata

54 941 Malone Rd

Ladysmith, BC V9G1S3

$478,800

3 bed3 bath2 parking1,211 sqftBuilt 1993
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Property Details

Property & Lot

Sub-type
Row / Townhouse
Zoning
Multi-Family

R-3

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$301/mo
Annual property tax
$3,390.29

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
None

Exterior & Lot

View
Mountain view, Ocean view
Lot features
Central location, Other

Building

Parcel ID (PID)
018-559-590

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
PatioMain level22'1 x 10'8
StorageMain level3'8 x 6'9
BathroomSecond level9'7 x 7'2
BedroomSecond level11'6 x 8'10
BedroomSecond level9'7 x 10'4
Primary BedroomSecond level11'11 x 11'6
EnsuiteSecond level4'11 x 7'7
EntranceMain level3'8 x 9'10
Dining roomMain level7'10 x 11'2
KitchenMain level7'10 x 11'11
BathroomMain level5'11 x 6'9
Living roomMain level13'0 x 15'4

Listing Information

MLS®
1041324
Listed
June 23, 2026
Time on market
On the market for 69 days
Data last synced
September 1, 2026

Listing provided by: Royal LePage Nanaimo Realty LD · Data source: CREA DDF.

Description

Imagine a school-year routine where the chaotic morning rush hour is completely transformed into a peaceful, scenic neighborhood stroll… thus eliminating hectic morning drives. This unit offers growing families an unbeatable location in the heart of Ladysmith, perfectly positioned to make the back-to-school transition seamless, effortless, and genuinely enjoyable for everyone. With 3 bedrooms and 3 full bathrooms, a private back patio with mountain views, a carport for 2 cars, and dedicated storage space for kayaks and gear, unit 54 will stop you looking for something more! It also offers turnkey peace of mind with a new roof (2023), updated windows, and a newer hot water heater. This is also an unbeatable find for investors as it is supported by a <2% local vacancy rate and strong ROI potential. Book a viewing with your favorite real estate agent today! (id:63159)

Values & Trends

This listing

$395/sqft

Building average

No other active listings in this building

Edgewood Estates average

No comparable active listings

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

Nearest station: Nanaimo

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

8,990

(2021 Census)

+5.3% since 2016

Density: 746.7/km²

Dwellings: 4,079

Median household income: $81,000

After-tax: $72,500

Immigrant population: 12.7%

Top countries of origin (% of total population)

  • United Kingdom4.9% · 440
  • United States of America1.3% · 120
  • Germany0.7% · 65
  • Netherlands0.5% · 45
  • Poland0.3% · 25
  • South Africa, Republic of0.3% · 25
  • India0.3% · 25
  • Mexico0.2% · 20

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

7

2/9 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
Ladysmith SecondarySecondary596 m
Ladysmith PrimaryElementary818 m
Ladysmith IntermediateElementary1.0 km
Stz'uminus Senior Secondary(Independent)Secondary4.6 km
North Oyster ElementaryElementary6.4 km
Chemainus Elementary Community SchoolElementary9.8 km
Chemainus SecondaryK-1210.4 km
Thetis Island ElementaryElementary10.8 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 (1)

  • Kinsmen Park553 m

Gyms (1)

  • Frank Jamison Community Center640 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($23,940) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$383,040.00
Periodic payment — Principal & Interest (monthly)$2,471.24
Additional monthly expenses (strata, tax, utilities, etc.)$644.52
Total monthly cost$3,115.77
Interest paid over 5-yr term$109,780.37
Balance at end of term$344,545.72

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$23,940
Stress test qualifying rate8.09%
Payment you must qualify for$3,497.71

Cash Needed at Closing

Minimum down payment$23,940
Estimated BC PTT$7,576
Legal / closing costs (typical estimate)$1,500
Total cash needed$33,016

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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