Property Type: Condo / ApartmentOwnership: Strata

611 2562 Departure Bay Rd

Nanaimo, BC V9S5P1

$659,900

2 bed2 bath1 parking1,593 sqftBuilt 1981
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
1,613 square feet
Zoning
Multi-Family

R8

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$728/mo
Annual property tax
$3,641.27

Interior

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

Exterior & Lot

View
Ocean view

Parking

Total spaces
1

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
BalconyMain level15'9 x 11'4
Primary BedroomSecond level22'11 x 18'1
Living roomMain level15'9
Laundry roomMain level
KitchenMain level9'7
EntranceMain level10'9 x 5'8
EnsuiteSecond level4-Piece
Dining roomMain level9'10 x 13'5
BedroomMain level9'5 x 15'9
BathroomMain level4-Piece

Listing Information

MLS®
1030898
Listed
April 8, 2026
Time on market
On the market for 146 days
Data last synced
August 28, 2026

Listing provided by: Pemberton Holmes Ltd. · Data source: CREA DDF.

Description

~~New price~~Ocean views, full amenities, a large heated pool, an indoor spa, and a completely restored complex. This large 2-level penthouse at Seascape delivers exceptional value in Departure Bay. The entire building has undergone a major restoration, giving buyers confidence and a fresh start moving forward. The home has been beautifully updated with a modern kitchen featuring white cabinetry, quartz counters, Stainless Steel appliances, and an open layout that connects seamlessly to the dining and living areas, all positioned to take in the ocean views. The main level offers a spacious second bedroom along with a fully updated 4-piece bathroom. Upstairs is where this unit stands apart, an expansive primary suite of over 600 square feet with a large walk-in closet and a fully updated ensuite featuring a tiled shower, double vanity, and quality finishes throughout. 1 or 2 cats are welcome. Sorry, no dogs allowed. (id:63159)

Values & Trends

This listing

$414/sqft

Building average

No other active listings in this building

Departure Bay average

$394/sqft

9 active listing(s)

Parking: 1 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

19

4/9 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 ElementaryElementary772 m
Departure Bay ElementaryElementary918 m
OceaneElementary1.3 km
Forest Park ElementaryElementary1.6 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)

  • Amore Bistro Café791 m

Cafes (2)

  • Felice Cafe · 1420 Wingrove Street520 m
  • Drip Coffee Social · 2835 Departure Bay Road622 m

Parks (5+)

  • Cilaire Park 1 · 181 Cilaire Drive349 m
  • Kinsmen Park470 m
  • Cosgrove Traffic Circle 2551 m
  • Departure Bay Centennial Park · 1420 Bay Street655 m
  • Cilaire Park 2 · 121 Cilaire Drive669 m

Gyms (1)

  • Body Tempo Health & Fitness785 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 6.2% ($40,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$527,920.00
Periodic payment — Principal & Interest (monthly)$3,405.96
Additional monthly expenses (strata, tax, utilities, etc.)$1,111.44
Total monthly cost$4,517.40
Interest paid over 5-yr term$151,303.39
Balance at end of term$474,865.75

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$40,990
Stress test qualifying rate8.09%
Payment you must qualify for$4,759.20

Cash Needed at Closing

Minimum down payment$40,990
Estimated BC PTT$11,198
Legal / closing costs (typical estimate)$1,500
Total cash needed$53,688

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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