Property Type: Land / LotOwnership: Freehold

7 Leam Rd

Nanaimo, BC V9T3N7

$389,900

0 bed0 bath
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Property Details

Property & Lot

Lot size
5,648 square feet
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,451

Interior

Fireplace
None

Listing Information

MLS®
984535
Listed
January 15, 2025
Time on market
On the market for 593 days
Data last synced
August 28, 2026

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

Description

Lot 13 is approximately 5648 sq. ft. lot for sale in the desirable central location of Diver Lake. This lot is situated within the City of Nanaimo limits and offers amenities of paved roadways, curb and gutter, sidewalks, street lighting and underground municipal services. This lot is located close to all shopping, coffee shops, restaurants, city amenities, recreational facilities, bus route and all on a quiet cul-de-sac, in a family oriented neighborhood. Great area with everything you need just minutes away. Lot 13 has front access to lot with back/rear walking lane. Price is plus GST. (id:63159)

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

33

6/9 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
Syuẁén'ct Elementary SchoolElementary707 m
Forest Park ElementaryElementary1.2 km
Wellington SecondarySecondary1.4 km
Rock City ElementaryElementary1.5 km
Mount Benson ElementaryElementary1.7 km
Departure Bay ElementaryElementary2.2 km
Uplands Park ElementaryElementary2.4 km
Cilaire ElementaryElementary2.5 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+)

  • Kelly's Kitchen Café339 m
  • Smitty's · 2980 Island Highway North680 m
  • Kim Key · 2220 Bowen Road734 m
  • Sandy's Ukrainian Kitchen · 2980 Island Highway North739 m
  • Nellie's European Deli Foods & Imports · 2980 Island Highway North741 m

Cafes (5+)

  • Tim Hortons · 2320 Northfield Road623 m
  • Tim Hortons · 2980 Island Highway North693 m
  • Chatime · 2980 Island Highway North740 m
  • Affirmation Coffee · 2220 Bowen Road740 m
  • Jumping Jiminy's · 2980 Island Highway North745 m

Grocery (1)

  • Quality Foods · 2220 Bowen Road788 m

Parks (5+)

  • Brackenwood Park 2 · 2350 Brackenwood Place45 m
  • Brackenwood Park · 2331 Briarwood Place209 m
  • Rosstown Road Park · 2443 Rosstown Road406 m
  • Beban Park · 2253 Dorman Road527 m
  • Northfield Marsh Park629 m

Gyms (1)

  • The Wellspring · 3150 Island Highway North787 m

Banks & ATMs (1)

  • Unnamed742 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$311,920.00
Periodic payment — Principal & Interest (monthly)$2,012.40
Additional monthly expenses (strata, tax, utilities, etc.)$204.25
Total monthly cost$2,216.65
Interest paid over 5-yr term$89,397.17
Balance at end of term$280,573.05

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,495
Stress test qualifying rate8.09%
Payment you must qualify for$2,848.28

Cash Needed at Closing

Minimum down payment$19,495
Estimated BC PTT$5,798
Legal / closing costs (typical estimate)$1,500
Total cash needed$26,793

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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