Property Type: Land / LotOwnership: Strata

7128 Ocean Blue Pl

Lantzville, BC V0R2H0

$724,900

0 bed0 bath4 parking
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Property Details

Property & Lot

Lot size
20,236 square feet
Zoning
Residential

R1

Ownership & Fees

Property type
Land / Lot
Ownership
Strata
Strata / maintenance fee
$165/mo
Annual property tax
$0

Interior

Fireplace
None

Parking

Total spaces
4

Listing Information

MLS®
1039148
Listed
June 3, 2026
Time on market
On the market for 90 days
Data last synced
August 28, 2026

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

Description

Last opportunity to purchase a lot in the opulent Island View Estates! Discover an elevated coastal lifestyle in Lantzville, one of Vancouver Island’s most desirable seaside communities. Known for its privacy, natural beauty, & understated luxury, Lantzville offers the perfect balance of tranquillity & convenience, ideally located between Nanaimo & Nanoose Bay. Island View Estates is an exclusive new neighbourhood designed for buyers seeking space, quality, and long-term value. This exceptional offering features a fully serviced, nearly level half-acre lot—providing the ideal foundation for a custom luxury residence. Surrounded by upscale homes & peaceful natural surroundings, the setting invites thoughtful architecture, outdoor living, & timeless design. Located less than half a block from the ocean, enjoy effortless access to kayak launches, peaceful walks along the beach, & an authentic island lifestyle where the Ocean is truly at your doorstep. With beaches, forested trails, and fine dining nearby, Island View Estates offers refined West Coast living. Purchase Price is Plus GST (id:63159)

Location Insights

Weather

Nearest station: Nanaimo

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

3,817

(2021 Census)

+5.9% since 2016

Density: 137.9/km²

Dwellings: 1,568

Median household income: $99,000

After-tax: $87,000

Immigrant population: 12.7%

Top countries of origin (% of total population)

  • United Kingdom4.5% · 170
  • United States of America2.1% · 80
  • Germany1% · 40
  • Viet Nam0.5% · 20
  • Netherlands0.3% · 10
  • Poland0.3% · 10
  • Iran0.3% · 10
  • China0.3% · 10

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
Seaview ElementaryElementary785 m
Aspengrove School(Independent)K-122.5 km
McGirr ElementaryElementary4.2 km
Pleasant Valley ElementaryElementary4.2 km
Dover Bay SecondaryElementary4.4 km
Rutherford ElementaryElementary5.2 km
Randerson Ridge ElementaryElementary5.3 km
Uplands Park ElementaryElementary6.8 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)

  • Riso Foods Inc · 7217 Lantzville Road778 m

Parks (5+)

  • Sebastion Park · 7342 Lantzville Road221 m
  • Stevens Park · 7101 Stevens Place506 m
  • Huddlestone Park · 7080 Huddlestone Road554 m
  • Unnamed · 7005 Lantzville School Road635 m
  • Rotary Park · 6945 Peterson Road742 m

Pharmacies (1)

  • Unnamed763 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 6.6% ($47,490) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$579,920.00
Periodic payment — Principal & Interest (monthly)$3,741.45
Additional monthly expenses (strata, tax, utilities, etc.)$165.00
Total monthly cost$3,906.45
Interest paid over 5-yr term$166,206.74
Balance at end of term$521,639.92

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$47,490
Stress test qualifying rate8.09%
Payment you must qualify for$5,209.05

Cash Needed at Closing

Minimum down payment$47,490
Estimated BC PTT$12,498
Legal / closing costs (typical estimate)$1,500
Total cash needed$61,488

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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