5560 Oceanview Terr
Nanaimo, BC V9V1G6
$1,249,999
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 15,000 square feet
- Zoning
- Residential
R5
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $6,073.37
Interior
- Heating
- Heat Pump, Baseboard heaters
- Cooling / A/C
- Fully air conditioned
- Fireplace
- Yes (2)
Exterior & Lot
- View
- Mountain view, Ocean view
Parking
- Total spaces
- 6
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Lower level | 3-Piece |
| Laundry room | Lower level | — |
| Bedroom | Lower level | — |
| Bedroom | Lower level | — |
| Storage | Lower level | — |
| Family room | Lower level | — |
| Kitchen | Lower level | — |
| Bathroom | Main level | 3-Piece |
| Ensuite | Main level | 3-Piece |
| Bedroom | Main level | — |
| Bedroom | Main level | — |
| Primary Bedroom | Main level | — |
| Kitchen | Main level | — |
| Eating area | Main level | — |
| Dining room | Main level | — |
| Living room | Main level | — |
Listing Information
- MLS®
- 1033290
- Listed
- April 23, 2026
- Time on market
- On the market for 130 days
- Data last synced
- August 28, 2026
Listing provided by: Century 21 Coastal Realty Ltd. · Data source: CREA DDF.
Description
Paradise by the Sea - North Nanaimo Living at its Finest! Welcome to one of the most prestigious and highly sought-after neighbourhoods in North Nanaimo. This impressive 3000+ sq ft residence sits on an expansive-15,000 sq ft rectangular corner lot, offering stunning ocean views and exceptional future potential. Thoughtfully maintained, this home features 5 generously sized bedrooms and 3 bathrooms, along with two independent laundry areas-perfect for extended families or added flexibility. The lower level includes a bright 2-bedroom walk-out suite, currently tenanted by a wonderful family, providing a valuable mortgage helper ( with their own Huge Driveway). The interior showcases a main-level entry design enhanced by skylights, filling the home with an abundance of natural light. The spacious living room captures picturesque ocean views and is complemented by portable fireplace, creating a warm and inviting atmosphere. The oak kitchen offers a charming eating nook and a convenient pass-through to the dining room, ideal for both everyday living and entertaining. Step outside to a large OCEAN VIEW deck with stairs leading to the backyard, creating the perfect space for relaxing, entertaining, and enjoying the coastal lifestyle. The cobblestone courtyard entrance adds timeless charm and a welcoming first impression, ideal for summer evenings. Enjoy year-round comfort with central heating and air conditioning. Bonus: Development Potential: Zoned R-5, this prime corner lot offers exciting opportunities for subdivision or multi-unit development, making it an excellent option for both investors and future growth. Freshly painted and move in ready! Please call Harman @ 778-245-0778 (id:63159)
Values & Trends
This listing
$415/sqft
Building average
—
No other active listings in this building
North Nanaimo average
$427/sqft
82 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
11
1/9 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 |
|---|---|---|
| Rutherford Elementary | Elementary | 866 m |
| Frank J. Ney Elementary | Elementary | 1.5 km |
| Dover Bay Secondary | Elementary | 1.7 km |
| Randerson Ridge Elementary | Elementary | 1.7 km |
| McGirr Elementary | Elementary | 1.8 km |
| Uplands Park Elementary | Elementary | 2.0 km |
| Pleasant Valley Elementary | Elementary | 2.9 km |
| Wellington Secondary | Secondary | 3.0 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 (5+)
- Norasea Park · 5651 Norasea Road135 m
- Bayshore Park157 m
- Norasea Beach Access263 m
- Arbutus Park · 291 Rovere Place368 m
- Breonna/Schooner Park · 5986 Breonna Drive377 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 8.0% ($100,000) — 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.