Property Type: Detached HouseOwnership: FreeholdNEW LISTING

713 Victoria Rd

Nanaimo, BC V9R4R6

$350,000

3 bed2 bath2 parking1,698 sqftBuilt 1959
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Property Details

Property & Lot

Sub-type
House
Lot size
6,850 square feet
Zoning
Residential

R5

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,111.1

Interior

Heating
Forced air, Oil, Wood
Cooling / A/C
None
Fireplace
Yes (2)

Exterior & Lot

Lot features
Other

Building

Parcel ID (PID)
000-007-820

Parking

Total spaces
2 — uncovered indicated
Features
Stall

Room Dimensions

RoomLevelDimensions
StorageLower level4'5 x 6'5
Primary BedroomMain level10'6 x 12'7
Living roomLower level10'10 x 12'1
Living roomMain level11'1
KitchenLower level9'9 x 10'9
KitchenMain level9'5 x 9'8
EntranceMain level3'10
Dining roomMain level7'10 x 8'5
BedroomLower level19'8
BedroomMain level9'5 x 10'6
BathroomLower level4-Piece
BathroomMain level4-Piece

Listing Information

MLS®
1047992
Listed
August 27, 2026
Time on market
On the market for 4 days
Data last synced
August 29, 2026

Listing provided by: eXp Realty (NA) · Data source: CREA DDF.

Description

Practical opportunity awaits in South Nanaimo with this high-potential redevelopment lot. Set back from the road, this level, easy-to-build-on property offers an ideal canvas for future development plans. The home features 2bd/1ba up and a 1bd/1ba lower suite—perfect for temporary rental income while you secure your development permits. Incredible practical utility is already in place with a large workshop/garage, shed, and RV parking, catering perfectly to trades, hobbies, or storage. Located in a high-demand rental area, the location ensures effortless daily convenience close to VIU, schools, parks, transit, and downtown shops. This property offers an exceptional long-term opportunity, allowing you to collect rent while finalizing your future vision. Scheduled visits only. (id:63159)

Values & Trends

This listing

$206/sqft

Building average

No other active listings in this building

South Nanaimo average

$442/sqft

46 active listing(s)

Parking: 2 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

13°C

Partly Cloudy

Humidity 89%

Wind WSW 6 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

2/9 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
Bayview ElementaryElementary296 m
Park Avenue ElementaryElementary918 m
Learning AlternativesSecondary1.1 km
John Barsby SecondarySecondary1.1 km
Georgia Avenue ElementaryElementary1.2 km
Fulford Community ElementaryElementary1.7 km
Pauline Haarer ElementaryElementary2.1 km
Nanaimo District SecondarySecondary2.2 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 (3)

  • Alice's Restaurant · 728 Nicol Street209 m
  • Ricky's All Day Grill - Nanaimo South/Days Inn · 809 Trans-Canada Highway434 m
  • MGM · 240 Nicol Street772 m

Parks (5+)

  • Knowles Park73 m
  • Railway/Connaught Park441 m
  • View Street Park · 38 View Street452 m
  • Cat Stream Watercourse Park487 m
  • Robins Park588 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($17,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$280,000.00
Periodic payment — Principal & Interest (monthly)$1,806.46
Additional monthly expenses (strata, tax, utilities, etc.)$427.59
Total monthly cost$2,234.06
Interest paid over 5-yr term$80,248.80
Balance at end of term$251,860.91

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$17,500
Stress test qualifying rate8.09%
Payment you must qualify for$2,556.81

Cash Needed at Closing

Minimum down payment$17,500
Estimated BC PTT$5,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$24,000

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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