5577 Norton Rd
Nanaimo, BC V9T6S2
$499,900
Property Details
Property & Lot
- Lot size
- 7,272 square feet
- Zoning
- Residential
R5
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $3,026.34
Interior
- Fireplace
- None
Parking
- Total spaces
- 2
Listing Information
- MLS®
- 1030586
- Listed
- April 1, 2026
- Time on market
- On the market for 152 days
- Data last synced
- August 28, 2026
Listing provided by: REMAX Professionals (NA) · Data source: CREA DDF.
Description
Prime ocean view lot in desirable North Nanaimo! This rare offering features R5 zoning - an incredible opportunity for builders, investors, or those looking to create a custom project with strong upside. Take in stunning ocean and coastal mountain views while being just minutes from top schools, shopping, parks, and beaches. With services nearby and endless potential, this is your chance to secure a high-demand property in one of Nanaimo’s most sought-after neighbourhoods. Don’t miss out on this exceptional investment opportunity. Data and measurements approx. to be verified if deemed important. (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
7
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 | 817 m |
| Randerson Ridge Elementary | Elementary | 1.4 km |
| Frank J. Ney Elementary | Elementary | 1.5 km |
| Uplands Park Elementary | Elementary | 1.6 km |
| Dover Bay Secondary | Elementary | 1.7 km |
| McGirr Elementary | Elementary | 1.9 km |
| Wellington Secondary | Secondary | 2.7 km |
| Pleasant Valley Elementary | Elementary | 2.7 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 Road309 m
- Alderway Park · 5685 Alder Way336 m
- Porpoise Place Park · 5625 Porpoise Place361 m
- Malibu Terrace Park · 5747 Malibu Terrace379 m
- Arbutus Park · 291 Rovere Place397 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($24,995) — 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.