Property Type: Detached HouseOwnership: Freehold

607 Fifth St

Nanaimo, BC V9R1P7

$749,000

4 bed2 bath4 parking1,986 sqftBuilt 1961
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Property Details

Property & Lot

Sub-type
House
Lot size
8,100 square feet
Zoning
Residential

COR1

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,982

Interior

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

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
StorageLower level6'4 x 3'2
Primary BedroomLower level14'8 x 11'7
BathroomLower level4-Piece
BedroomLower level10'2 x 9'5
Living roomLower level10'8 x 11'8
Dining roomLower level10'6 x 7'3
KitchenLower level9'6 x 9'10
EntranceLower level10'5 x 4'3
Primary BedroomMain level12'8 x 11'10
BedroomMain level10'9 x 8'9
BathroomMain level4-Piece
KitchenMain level11'1 x 13'9
Dining roomMain level11'9 x 10'2
Living roomMain level12'6 x 18'6
EntranceMain level4'10 x 6'11

Listing Information

MLS®
1043756
Listed
July 21, 2026
Time on market
On the market for 41 days
Data last synced
August 28, 2026

Listing provided by: Macdonald Realty (Pkvl) · Data source: CREA DDF.

Description

INVESTOR ALERT....MOVE IN READY... Property is located near the Vancouver Island University. Upper unit is a two bedroom one bathroom. Lower unit has private access. Both units have separate laundry. Many updates have been done to the home including vinyl windows, and a custom built two car carport. The lower level has been finished nicely with two bedrooms, brand new carpet, a 4 piece bath and large living room. The fully fenced, .186 acre lot has a well established garden, and fruit trees, a shed, and garden boxes. Whether you are looking for a starter home with a mortgage helper or an investment property, there's lots of room for the whole family. (id:63159)

Values & Trends

This listing

$377/sqft

Building average

No other active listings in this building

South Nanaimo average

$439/sqft

46 active listing(s)

Parking: 4 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

52

7/9 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
Georgia Avenue ElementaryElementary248 m
Secondaire de NanaimoSecondary815 m
Nanaimo District SecondarySecondary815 m
John Barsby SecondarySecondary876 m
Learning AlternativesSecondary876 m
Fairview ElementaryElementary1.3 km
Bayview ElementaryElementary1.3 km
Park Avenue ElementaryElementary1.6 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 (5+)

  • Baby Salsa283 m
  • Rhythm Chinese Restaurant362 m
  • Ai Sushi go364 m
  • Burger Factory Nanaimo · 601 Bruce Avenue434 m
  • Truong Thanh 2599 m

Cafes (2)

  • Starbucks · 540 Fifth Street329 m
  • Tim Hortons376 m

Grocery (2)

  • Buy Low Foods352 m
  • Truong Thanh Specialty Asian Grocery599 m

Parks (2)

  • Old Harewood School Sports Field · 502 Howard Avenue135 m
  • Harewood Centennial Park (Sherry Fields)660 m

Shopping (2)

  • University Village · 530 Fifth Street374 m
  • Unnamed · 510 Fifth Street449 m

Gyms (1)

  • VIU Gym708 m

Pharmacies (1)

  • Shoppers Drug Mart444 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 6.7% ($49,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$599,200.00
Periodic payment — Principal & Interest (monthly)$3,865.84
Additional monthly expenses (strata, tax, utilities, etc.)$514.17
Total monthly cost$4,380.00
Interest paid over 5-yr term$171,732.44
Balance at end of term$538,982.34

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$49,900
Stress test qualifying rate8.09%
Payment you must qualify for$5,375.83

Cash Needed at Closing

Minimum down payment$49,900
Estimated BC PTT$12,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$64,380

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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