55 Comox Rd
Nanaimo, BC V9R3H7
$650,000
Property Details
Property & Lot
- Lot size
- 11,326 square feet
- Zoning
- Commercial
DT-5
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $13,631.28
Interior
- Fireplace
- None
Exterior & Lot
- View
- City view, Ocean view
Parking
- Total spaces
- 10
Listing Information
- MLS®
- 1030738
- Listed
- April 1, 2026
- Time on market
- On the market for 152 days
- Data last synced
- August 28, 2026
Listing provided by: eXp Realty (NA) · Data source: CREA DDF.
Description
Prime development opportunity in waterfront downtown Nanaimo! This 11,394 sq.ft. lot, zoned DT-5, allows for high-density, multi-storey residential with compatible commercial uses. Enjoy stunning ocean views and picturesque vistas of Maffeo Sutton Park, with direct access to parks and the seawall, steps from vibrant downtown amenities. The seller has completed a survey and provides a detailed proposal for a 6-storey, 21-unit condominium with underground parking, designed to maximize ocean views and integrate with the urban landscape (for buyer's reference only). Priced to sell, this is a rare chance for developers to create a landmark project in Nanaimo's coveted waterfront downtown area. Price plus GST (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
63
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 | 352 m |
| Fairview Elementary | Elementary | 1.3 km |
| Brechin Elementary | Elementary | 1.4 km |
| Bayview Elementary | Elementary | 1.9 km |
| Secondaire de Nanaimo | Secondary | 2.0 km |
| Nanaimo District Secondary | Secondary | 2.0 km |
| Georgia Avenue Elementary | Elementary | 2.1 km |
| Discover Montessori School(Independent) | Elementary/Middle | 2.5 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+)
- Gina's Mexican Cafe · 47 Skinner Street112 m
- The Nest Bistro · 77 Skinner Street152 m
- The Firehouse Grill · 75 Front Street245 m
- Lighthouse Bistro & Pub · 50 Anchor Way284 m
- The View Oceanside Grill · 70 Church Street310 m
Cafes (5+)
- Tim Hortons · 15 Wallace Street273 m
- Tea on the Quay · 90 Front Street342 m
- Modern Café · 221 Commercial Street372 m
- Javawocky Coffee House386 m
- Ironworks Café & Crêperie · 200 Commercial Street398 m
Grocery (3)
- The Green Store: Discount Organic · 256 Wallace Street440 m
- ManLee Oriental · 385 Terminal Avenue576 m
- Thrifty Foods · 650 Terminal Avenue743 m
Parks (5+)
- Georgia Park123 m
- Maffeo Sutton Park123 m
- Pioneer Cemetery Park · 10 Wallace Street223 m
- Dallas Square Park · 85 Front Street268 m
- Catherine Gisborne Garden308 m
Shopping (2)
- Port Place Shopping Centre · 650 Terminal Avenue742 m
- London Drugs · 650 Terminal Avenue755 m
Gyms (3)
- Force Boxing & Fitness · 165 Fraser Street292 m
- Kind Society Yoga421 m
- Iyengar Yoga Nanaimo · 335 Wesley Street630 m
Pharmacies (1)
- Wallace Pharmacy279 m
Banks & ATMs (5+)
- Royal Bank of Canada · 205 Commercial Street408 m
- Coastal Community Credit Union · 59 Wharf Street506 m
- Scotiabank · 65 Commercial Street548 m
- Scotiabank · 65 Commercial Street551 m
- CIBC · 650 Terminal Avenue706 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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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
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.