540 Wakesiah Ave
Nanaimo, BC V9R3L1
$715,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 4,830 square feet
- Zoning
- Residential
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,145.63
Interior
- Heating
- Baseboard heaters, Electric
- Cooling / A/C
- None
- Fireplace
- None
Parking
- Total spaces
- 2 — covered indicated
- Features
- Carport
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Entrance | Lower level | 3'5 x 6'2 |
| Bedroom | Lower level | 7'10 x 9'7 |
| Bedroom | Lower level | 9'7 |
| Bedroom | Lower level | 9'6 x 16'4 |
| Bedroom | Lower level | 11'4 x 12'8 |
| Living room | Main level | 12'7 x 16'10 |
| Dining room | Main level | 7'4 x 11'1 |
| Kitchen | Main level | 10'1 |
| Laundry room | Main level | 9'10 |
| Bathroom | Main level | 4-Piece |
| Bathroom | Main level | 2-Piece |
| Bedroom | Main level | 10'1 |
| Bedroom | Main level | 9'11 x 10'1 |
| Primary Bedroom | Main level | 9'10 |
| Bathroom | Lower level | 3-Piece |
| Kitchen | Lower level | 11'3 x 15'9 |
Listing Information
- MLS®
- 1041340
- Listed
- June 24, 2026
- Time on market
- On the market for 68 days
- Data last synced
- August 28, 2026
Listing provided by: eXp Realty · Data source: CREA DDF.
Description
Check out this fantastic investment opportunity! The upstairs boasts a full-sized living room with updated large front window. The dining room is conveniently located off the kitchen, which features plenty of cupboards and a functional layout. You'll also find an upstairs laundry room and three bedrooms, including a master bedroom with a 2-piece ensuite. One of the bedrooms has sliding doors leading to a back deck with stair access. The home features neutral colors throughout. Metal roof done a few years back. New, renovated deck. The downstairs has potential for an in-law suite, complete with four bedrooms, a large kitchen, and a separate laundry room. Located directly across the street from Vancouver Island University and close to bus stops, shopping, and all school levels. The property also features back lane access. Don't miss out on this great opportunity (id:63159)
Values & Trends
This listing
$329/sqft
Building average
—
No other active listings in this building
University District average
$405/sqft
34 active listing(s)
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
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
30
6/9 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 |
|---|---|---|
| Georgia Avenue Elementary | Elementary | 608 m |
| Secondaire de Nanaimo | Secondary | 736 m |
| Nanaimo District Secondary | Secondary | 736 m |
| John Barsby Secondary | Secondary | 1.1 km |
| Learning Alternatives | Secondary | 1.1 km |
| Fairview Elementary | Elementary | 1.4 km |
| Bayview Elementary | Elementary | 1.7 km |
| Park Avenue Elementary | Elementary | 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 (4)
- 300 - Main Cafeteria549 m
- Baby Salsa659 m
- Rhythm Chinese Restaurant731 m
- Ai Sushi go735 m
Cafes (2)
- Starbucks · 540 Fifth Street705 m
- Tim Hortons752 m
Grocery (1)
- Buy Low Foods721 m
Parks (4)
- Old Harewood School Sports Field · 502 Howard Avenue491 m
- Colliery Dam Park · 801 Nanaimo Lakes Road632 m
- Unnamed · 745 Third Street784 m
- Harewood Centennial Park (Sherry Fields)793 m
Shopping (1)
- University Village · 530 Fifth Street740 m
Gyms (1)
- VIU Gym429 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 6.5% ($46,500) — 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.