Property Type: Detached HouseOwnership: Freehold

5771 Malibu Terr

Nanaimo, BC V9T6A5

$969,900

5 bed3 bath2 parking3,051 sqftBuilt 1992
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Property Details

Property & Lot

Sub-type
House
Lot size
6,526 square feet
Zoning
Residential

R5

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,022.67

Interior

Heating
Heat Pump, Forced air, Electric, Natural gas
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)
Appliances
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer

Exterior & Lot

View
Ocean view
Lot features
Central location, Other

Building

Parcel ID (PID)
017-749-468

Parking

Total spaces
2

Room Dimensions

RoomLevelDimensions
BathroomSecond level4'11 x 9'6
EnsuiteSecond level10'8 x 9'9
BedroomSecond level9'11 x 9'11
BedroomSecond level9'7 x 13'10
Primary BedroomSecond level14'2 x 16'11
Great roomSecond level19'8 x 13'2
KitchenSecond level17'4 x 14'1
Dining roomSecond level12'1 x 12'5
Family roomSecond level13'3 x 17'8
StorageMain level6'11 x 4'10
StorageMain level5'2 x 12'5
BedroomMain level12'7 x 12'0
Living roomMain level19'10 x 12'4
KitchenMain level17'4 x 12'4
BathroomMain level9'6 x 4'11
Laundry roomMain level9'6 x 8'5
BedroomMain level12'11 x 16'4
EntranceMain level9'8 x 16'11

Listing Information

MLS®
1044807
Listed
August 4, 2026
Time on market
On the market for 27 days
Data last synced
September 1, 2026

Listing provided by: 460 Realty Inc. (NA) · Data source: CREA DDF.

Description

Nestled on a quiet road in one of North Nanaimo's most desirable neighbourhoods, this spacious 3,050 Sq. Ft. home offers ocean views, a versatile layout, abundant storage, and a large one-bed in-law suite. With multiple living spaces and room for the whole family, this home combines comfort, functionality, and an excellent location. The main level welcomes you with a generous entryway and a bedroom featuring built-in cabinetry and a charming window seat. This space could also serve as an ideal home office, reading room, or hobby space. Throughout the home, you'll appreciate the thoughtful layout and the abundance of storage options that make day-to-day living easy and organized. Upstairs, the bright main living area features beautiful bamboo flooring, a cozy gas fireplace, and an open-concept design that connects the kitchen, dining, and living spaces. Large windows bring in natural light, while glimpses of the ocean from the kitchen and living room add to the home's coastal appeal. Step outside to the front deck to enjoy the views, or retreat to the rear deck overlooking the fully fenced backyard, creating the perfect setting for entertaining, summer barbecues, or relaxing outdoors. The oversized one-bedroom in-law suite offers exceptional flexibility for extended family, guests, or rental income. Shared laundry access adds convenience while maintaining separation between the living areas. Over the years, the home has benefited from numerous updates, including flooring, bathrooms, interior and exterior paint, a new hot water tank, and the addition of a heat pump for efficient year-round comfort. The low-maintenance, fully fenced yard is ideal for children and pets while requiring minimal upkeep. Located close to schools, parks, shopping, restaurants, and all of North Nanaimo's amenities, this well-maintained home offers ocean views, ample storage, flexible living options, and excellent suite potential in a sought-after neighbourhood. (id:63159)

Values & Trends

This listing

$318/sqft

Building average

No other active listings in this building

North Nanaimo average

$429/sqft

82 active listing(s)

Parking: 2 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

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

SchoolTypeDistance
Rutherford ElementaryElementary812 m
Randerson Ridge ElementaryElementary1.1 km
Uplands Park ElementaryElementary1.2 km
Dover Bay SecondaryElementary1.6 km
Frank J. Ney ElementaryElementary1.9 km
McGirr ElementaryElementary1.9 km
Wellington SecondarySecondary2.4 km
Pleasant Valley ElementaryElementary2.4 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

Parks (5+)

  • Porpoise Place Park · 5625 Porpoise Place113 m
  • Malibu Terrace Park · 5747 Malibu Terrace117 m
  • Alderway Park · 5685 Alder Way164 m
  • Linley Point Gyro Park · 5784 Linley Valley Drive392 m
  • Kerry Lane Park509 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 7.4% ($71,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$775,920.00
Periodic payment — Principal & Interest (monthly)$5,005.97
Additional monthly expenses (strata, tax, utilities, etc.)$654.89
Total monthly cost$5,660.86
Interest paid over 5-yr term$222,380.90
Balance at end of term$697,942.55

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$71,990
Stress test qualifying rate8.09%
Payment you must qualify for$6,904.61

Cash Needed at Closing

Minimum down payment$71,990
Estimated BC PTT$17,398
Legal / closing costs (typical estimate)$1,500
Total cash needed$90,888

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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