Property Type: Detached HouseOwnership: Freehold

56 Pirates Lane

Protection Island, BC V9R6R1

$950,000

3 bed3 bath3 parking1,182 sqftBuilt 1994
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Property Details

Property & Lot

Sub-type
House
Lot size
11,705 square feet
Zoning
Residential

R3

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,080

Interior

Heating
Baseboard heaters, Propane
Cooling / A/C
None
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
3

Room Dimensions

RoomLevelDimensions
BathroomOther3'11 x 7'5
WorkshopOther11'0 x 17'11
BathroomMain level4'10 x 8'4
BedroomMain level9'2 x 10'1
BedroomMain level10'2 x 12'9
Primary BedroomMain level14'7 x 14'4
Living roomMain level16'8 x 15'7
KitchenMain level12' x 18'
BathroomMain level7'3 x 6'3
EntranceMain level7'3 x 9'9

Listing Information

MLS®
1040107
Listed
June 12, 2026
Time on market
On the market for 80 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Nanaimo Realty (NanIsHwyN) · Data source: CREA DDF.

Description

Beautiful waterfront home on Protection Island! Just 10 minutes boat or passenger ferry ride from Downtown Nanaimo! This peaceful 3 bed 2 bath home is situated on a low bluff, facing views of the Salish Sea & the mainland mountains beyond. Enter through a spacious entry/mudroom, opposite a 3 piece bath & laundry area; from there wander into the kitchen/eating area where you'll find room for all the family to gather around the central custom wood table with storage below.The living room directs your gaze through floor to ceiling windows to ocean views & the ever changing tidal landscape.The main bedroom has a sliding door to the wraparound deck,& a 2nd bedroom adjoining would make an ideal home office with its own exterior door. A 3rd bedroom overlooks the garden area where you'll find a finished shop/studio with a 3rd bathroom. The home features a new roof, with new skylight, (2025) and a newer gas fireplace. At lowest tides of the year walk across to neighbouring Saysutshun Island; kayak from your own beach access;or simply sit out on your deck & enjoy the incredible surroundings. If you're looking for a waterfront home in Nanaimo- consider a visit to Protection Island, where you will have the benefit of City services - mains water supply -( unlike other Gulf Islands). From here you can easily connect to larger centres via seaplane from Nanaimo Harbour, nearby Helijet, Hullo passenger fast ferry and BC ferries. Protection has its own Fire Station with trained first responders, a Community Hall for island events, a volunteer library and community garden, and a year round passenger ferry. (id:63159)

Values & Trends

This listing

$804/sqft

Building average

No other active listings in this building

Protection Island average

$618/sqft

11 active listing(s)

Parking: 3 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

Nearest station: Nanaimo

Partly Cloudy

13°C

Partly Cloudy

Humidity 88%

Wind WSW 2 km/h

Tonight

12°

Tuesday

21°

Tuesday night

14°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

19

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
Pauline Haarer ElementaryElementary2.1 km
Brechin ElementaryElementary2.4 km
OceaneElementary3.0 km
Fairview ElementaryElementary3.0 km
Career Technical CentreSecondary3.1 km
Discover Montessori School(Independent)Elementary/Middle3.1 km
Cilaire ElementaryElementary3.4 km
Bayview ElementaryElementary3.4 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

Cafes (1)

  • Concession431 m

Parks (5+)

  • Hidden Treasure Park · 13 Captain Morgans Boulevard126 m
  • Long John Silver Park · 12 Captain Kidds Terrace266 m
  • Blackbeard Park · 46 Captain Morgans Boulevard324 m
  • Pirates Park · 7 Pirates Lane341 m
  • Captain Hook Park · 49 Captain Morgans Boulevard393 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 7.4% ($70,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$760,000.00
Periodic payment — Principal & Interest (monthly)$4,903.26
Additional monthly expenses (strata, tax, utilities, etc.)$565.67
Total monthly cost$5,468.93
Interest paid over 5-yr term$217,818.18
Balance at end of term$683,622.46

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$70,000
Stress test qualifying rate8.09%
Payment you must qualify for$6,766.89

Cash Needed at Closing

Minimum down payment$70,000
Estimated BC PTT$17,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$88,500

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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