Property Type: Condo / ApartmentOwnership: Strata

602 2560 Departure Bay Rd

Nanaimo, BC V9S5P1

$629,900

2 bed2 bath40 parking1,680 sqftBuilt 1982
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
4.9 acres
Zoning
Multi-Family

R8

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$718/mo
Annual property tax
$3,579

Interior

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

Exterior & Lot

View
Ocean view

Parking

Total spaces
40

Restrictions & Policies

Pets
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
KitchenMain level
Living room/Dining roomMain level
BathroomMain level4-Piece
BedroomMain level
Laundry roomMain level
Primary BedroomSecond level
EnsuiteSecond level4-Piece
OfficeSecond level
StorageSecond level

Listing Information

MLS®
1047435
Listed
August 20, 2026
Time on market
On the market for 11 days
Data last synced
August 28, 2026

Listing provided by: REMAX Professionals (NA) · Data source: CREA DDF.

Description

Welcome to this beautifully renovated 2-storey penthouse condo in Seascape Manor, ideally located in picturesque Departure Bay. Surrounded by beautifully landscaped grounds, this unique top-floor home offers 1,680 sq ft of spacious living with ocean views from the spacious living room. The bright & open main level features vaulted ceilings, large windows & access to a peaceful balcony overlooking the outdoor pool and surrounding greenery. Thoughtfully updated throughout, the home features new flooring, carpeting & interior paint along with a completely renovated kitchen with quartz countertops, new appliances, abundant cabinetry & pantry storage. Also on the main level is a well-sized second bedroom, updated bathroom, in-suite laundry & generous storage. Upstairs, the loft-style primary bedroom overlooks the living space below and features two walk-in closets, a versatile office/den area & beautifully renovated ensuite with a spacious walk-in shower and in-floor heating. Large skylights bring additional natural light into the upper level and complement the bright, open feel of this distinctive floor plan. The sizeable balcony offers a peaceful place to enjoy the beautifully maintained grounds and picturesque surroundings. Seascape Manor is a well-maintained & well-managed building offering an excellent selection of amenities, including an outdoor pool, indoor hot tub, sauna & exercise room. Ideally located near Departure Bay Beach, shopping, restaurants, transit & everyday amenities, this is a wonderfully convenient location with the ocean just minutes away. With its ocean views, spacious two-storey layout, beautifully renovated interior & sought-after Departure Bay location, this unique penthouse condo offers an exceptional combination of space, setting & convenience. (id:63159)

Values & Trends

This listing

$375/sqft

Building average

$355/sqft

2 active listing(s)

Departure Bay average

$399/sqft

9 active listing(s)

Parking: 40 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

15

3/9 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
Cilaire ElementaryElementary738 m
Departure Bay ElementaryElementary946 m
OceaneElementary1.3 km
Forest Park ElementaryElementary1.7 km
Career Technical CentreSecondary1.7 km
Discover Montessori School(Independent)Elementary/Middle1.7 km
Rock City ElementaryElementary2.0 km
Quarterway ElementaryElementary2.2 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 (1)

  • Shanghai City Restaurant796 m

Cafes (2)

  • Felice Cafe · 1420 Wingrove Street544 m
  • Drip Coffee Social · 2835 Departure Bay Road640 m

Parks (5+)

  • Cilaire Park 1 · 181 Cilaire Drive305 m
  • Kinsmen Park489 m
  • Cosgrove Traffic Circle 2596 m
  • Cilaire Park 2 · 121 Cilaire Drive625 m
  • Departure Bay Centennial Park · 1420 Bay Street678 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 6.0% ($37,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$503,920.00
Periodic payment — Principal & Interest (monthly)$3,251.12
Additional monthly expenses (strata, tax, utilities, etc.)$1,100.66
Total monthly cost$4,351.78
Interest paid over 5-yr term$144,424.92
Balance at end of term$453,277.67

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$37,990
Stress test qualifying rate8.09%
Payment you must qualify for$4,551.58

Cash Needed at Closing

Minimum down payment$37,990
Estimated BC PTT$10,598
Legal / closing costs (typical estimate)$1,500
Total cash needed$50,088

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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