Property Type: Detached HouseOwnership: Freehold

5701 Malibu Terr

Nanaimo, BC V9T5W7

$978,000

5 bed3 bath3 parking2,494 sqftBuilt 1991
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Property Details

Property & Lot

Sub-type
House
Lot size
7,283 square feet
Zoning
Residential

R1

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,495

Interior

Heating
Baseboard heaters, Electric, Natural gas
Cooling / A/C
None
Fireplace
None

Exterior & Lot

View
Ocean view

Parking

Total spaces
3

Room Dimensions

RoomLevelDimensions
Utility roomLower level26'7 x 10'3
StorageLower level18'11 x 12'2
Recreation roomLower level25'1 x 15'9
BedroomLower level10'6 x 13'5
BedroomLower level9'11 x 13'5
BathroomLower level8'7 x 7'5
Primary BedroomMain level12'0 x 15'1
Living roomMain level11'9 x 18'2
Laundry roomMain level10'3 x 9'5
KitchenMain level12'0 x 19'1
EntranceMain level7'4 x 5'2
Dining roomMain level12'2 x 23'2
Dining nookMain level9'8 x 8'11
BedroomMain level11'2 x 9'0
BedroomMain level9'3 x 13'7
BathroomMain level7'6 x 7'10
EnsuiteMain level7'7 x 7'4

Listing Information

MLS®
1033342
Listed
April 24, 2026
Time on market
On the market for 129 days
Data last synced
August 28, 2026

Listing provided by: Century 21 Harbour Realty Ltd. · Data source: CREA DDF.

Description

Move right into this beautifully updated family home in one of North Nanaimo’s most sought-after neighbourhoods! Offering 5 bedrooms, 3 bathrooms, and a spacious, thoughtfully designed floorplan, this home is both open and inviting while still feeling warm and functional for everyday living. Large windows fill the home with natural light, highlighting the stunning upstairs hardwood flooring throughout. The gorgeous kitchen is the heart of the home, complete with timeless cabinetry, quartz countertops, tile floors, stainless steel appliances including a natural gas range, a large island --perfect for family gatherings and entertaining. The main level also offers bright living and dining spaces, two additional bedrooms, a cute 4-piece bathroom, and a spacious primary bedroom with a beautifully appointed ensuite and tranquil views. Downstairs, you’ll find two more large bedrooms, an updated third bathroom, a huge rec room with newer laminate flooring, plus a workshop room with abundant storage space. Step outside to enjoy the fully fenced private backyard with mature low-maintenance landscaping, large deck, lower patio, and included trampoline—ideal for outdoor entertaining and family fun. Complete with a double car garage, RV parking, and a newer gas furnace, this home truly has it all. (id:63159)

Values & Trends

This listing

$392/sqft

Building average

No other active listings in this building

North Nanaimo average

$428/sqft

82 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

Partly Cloudy

13°C

Partly Cloudy

Humidity 89%

Wind WSW 6 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
Rutherford ElementaryElementary552 m
Randerson Ridge ElementaryElementary894 m
Dover Bay SecondaryElementary1.3 km
Uplands Park ElementaryElementary1.4 km
McGirr ElementaryElementary1.6 km
Frank J. Ney ElementaryElementary2.0 km
Pleasant Valley ElementaryElementary2.2 km
Wellington SecondarySecondary2.6 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

Restaurants (3)

  • Thai Orchid Restaurant689 m
  • Eve Olive · 5281 Rutherford Road691 m
  • Namul Korean Restaurant724 m

Parks (5+)

  • Malibu Terrace Park · 5747 Malibu Terrace241 m
  • Kerry Lane Park245 m
  • Alderway Park · 5685 Alder Way253 m
  • Porpoise Place Park · 5625 Porpoise Place314 m
  • Rutherford Park 2 · 5633 Rutherford Road392 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 7.4% ($72,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$782,400.00
Periodic payment — Principal & Interest (monthly)$5,047.78
Additional monthly expenses (strata, tax, utilities, etc.)$666.25
Total monthly cost$5,714.03
Interest paid over 5-yr term$224,238.09
Balance at end of term$703,771.33

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$72,800
Stress test qualifying rate8.09%
Payment you must qualify for$6,960.67

Cash Needed at Closing

Minimum down payment$72,800
Estimated BC PTT$17,560
Legal / closing costs (typical estimate)$1,500
Total cash needed$91,860

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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