Property Type: Detached HouseOwnership: FreeholdNEW LISTING

541 Lori Pl

Nanaimo, BC V9R0H8

$909,900

5 bed3 bath2 parking2,386 sqftBuilt 2019
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Property Details

Property & Lot

Sub-type
House
Lot size
5,188 square feet
Zoning
Residential

R1

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,018.07

Interior

Heating
Baseboard heaters, Forced air, Electric, Natural gas
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Exterior & Lot

Lot features
Central location, Other

Building

Parcel ID (PID)
030-349-079

Parking

Total spaces
2 — covered indicated
Features
Garage

Room Dimensions

RoomLevelDimensions
BathroomLower level4-Piece
KitchenLower level7'8 x 15'3
Living room/Dining roomLower level11'4 x 13'5
BedroomLower level8'9 x 9'2
BedroomLower level11'2 x 10'1
Laundry roomLower level9'8 x 10'1
DenLower level9'5 x 10'1
EnsuiteMain level4-Piece
Primary BedroomMain level14'6 x 12'0
BedroomMain level11'8 x 10'2
BedroomMain level11'7 x 10'0
BathroomMain level4-Piece
KitchenMain level12'7 x 12'0
Dining roomMain level12'7 x 11'10
Living roomMain level14'3 x 18'5

Listing Information

MLS®
1048112
Listed
August 31, 2026
Time on market
Listed today
Data last synced
September 1, 2026

Listing provided by: Royal LePage Island Living (PK) · Data source: CREA DDF.

Description

Welcome to 541 Lori Place, a well-appointed home in a great South Nanaimo neighbourhood on a quiet cul-de-sac. Offering approximately 2,300 sq ft on a .12 acre lot, this property features a 3-bedroom plus den, 2-bath main home along with a legal self-contained 2-bedroom, 1-bath suite on its own hydro meter. The main living area offers a beautiful open-concept living room, dining room, and kitchen with engineered stone countertops, a generous island and a good-sized pantry. The primary suite includes a walk-in closet, a second large closet and a spacious 3-piece ensuite, while the additional bedrooms are also well sized. A large covered deck off the great room overlooks the low- maintenance turf backyard and gazebo. Complete with a high-efficiency gas furnace, air conditioning and an EV charger, this home is close to shopping, parks and VIU. The suite is a great mortgage helper, with the current tenant paying $2,000/month on a lease until April 2027. (id:63159)

Values & Trends

This listing

$381/sqft

Building average

No other active listings in this building

South Nanaimo average

$439/sqft

46 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

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

11

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
Park Avenue ElementaryElementary956 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 SecondarySecondary2.6 km
Secondaire de NanaimoSecondary2.6 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

Grocery (1)

  • Quality Foods · 867 Bruce Avenue770 m

Parks (5+)

  • Lotus Pinnatus Park309 m
  • Alpen Way Park490 m
  • Kinette Evergreen Park535 m
  • Kolby Park · 993 Kolby Avenue561 m
  • Shante Park617 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 7.3% ($65,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$727,920.00
Periodic payment — Principal & Interest (monthly)$4,696.29
Additional monthly expenses (strata, tax, utilities, etc.)$620.51
Total monthly cost$5,316.80
Interest paid over 5-yr term$208,623.96
Balance at end of term$654,766.39

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$65,990
Stress test qualifying rate8.09%
Payment you must qualify for$6,489.37

Cash Needed at Closing

Minimum down payment$65,990
Estimated BC PTT$16,198
Legal / closing costs (typical estimate)$1,500
Total cash needed$83,688

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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