Property Type: Detached HouseOwnership: Freehold

736 Terminal Ave N

Nanaimo, BC V9S4K2

$484,900

3 bed3 bath2 parking2,553 sqftBuilt 1939
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Property Details

Property & Lot

Sub-type
House
Lot size
8,712 square feet
Zoning
Other

COR2

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Strata / maintenance fee
$0/mo
Annual property tax
$3,268

Interior

Heating
Heat Pump, Baseboard heaters
Cooling / A/C
Air Conditioned
Fireplace
Yes (2)

Exterior & Lot

View
Ocean view

Parking

Total spaces
2

Room Dimensions

RoomLevelDimensions
StorageLower level12'4 x 12'6
WorkshopLower level10'7 x 11'6
StorageLower level11'9 x 12'9
BathroomLower level3-Piece
Recreation roomLower level15'9 x 26'3
BathroomSecond level2-Piece
BedroomSecond level13'7 x 14'3
BedroomSecond level9'2 x 10'3
BathroomMain level4-Piece
Primary BedroomMain level11'10 x 13'2
Laundry roomMain level6'8 x 7'9
KitchenMain level10'4 x 12'1
Family roomMain level12'5 x 18'5
Dining roomMain level8'10 x 10'4
Living roomMain level13'5 x 18'2
EntranceMain level7'0 x 7'4

Listing Information

MLS®
1046737
Listed
August 12, 2026
Time on market
On the market for 19 days
Data last synced
August 28, 2026

Listing provided by: 460 Realty Inc. (NA) · Data source: CREA DDF.

Description

This 2,500+ sq ft ocean-view home offers a rare blend of character, space, and future potential. Built in 1939, it features many original details that add warmth and charm, paired with practical upgrades like a ductless heat pump for efficient comfort. The main floor living area is anchored by a classic fireplace, while the lower level includes a woodstove, abundant storage, and an in-house workshop—ideal for hobbies, projects, or added functionality. With 3 bedrooms and 3 bathrooms, the layout provides flexibility or creative use of space. Centrally located and zoned COR2, this property presents exciting opportunities for redevelopment, mixed-use possibilities, or long-term value appreciation (buyer to do their own diligence), making it an excellent option for investors or first-time buyers looking to build equity in a central location. Sold AS IS. (id:63159)

Values & Trends

This listing

$190/sqft

Building average

No other active listings in this building

Central Nanaimo average

$421/sqft

19 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

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
Brechin ElementaryElementary463 m
Pauline Haarer ElementaryElementary1.2 km
Discover Montessori School(Independent)Elementary/Middle1.4 km
Career Technical CentreSecondary1.4 km
Fairview ElementaryElementary1.5 km
OceaneElementary1.5 km
Quarterway ElementaryElementary2.0 km
Cilaire ElementaryElementary2.1 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+)

  • Danpung Momiji 310 · 505 Terminal Avenue North123 m
  • Manvirros Indian Grill · 1045 Terminal Avenue North406 m
  • Carbone Pizzeria · 215 Terminal Avenue North420 m
  • Real Meals Nanaimo · 621 Townsite Road572 m
  • White Spot582 m

Cafes (1)

  • Starbucks695 m

Grocery (1)

  • Bulk Barn · 1150 Terminal Avenue North741 m

Parks (5+)

  • Saint George Ravine Park · 980 Terminal Avenue North324 m
  • Chinese Memorial Gardens Park · 105 Saint George Street371 m
  • Townsite Triangle Park540 m
  • Caledonia Park · 110 Wall Street572 m
  • Barsby Park632 m

Pharmacies (1)

  • Medicine Shoppe Pharmacy · 1150 Terminal Avenue North655 m

Banks & ATMs (2)

  • Instacoin ATM575 m
  • Freedom 55 Financial648 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($24,245) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$387,920.00
Periodic payment — Principal & Interest (monthly)$2,502.73
Additional monthly expenses (strata, tax, utilities, etc.)$400.33
Total monthly cost$2,903.06
Interest paid over 5-yr term$111,178.99
Balance at end of term$348,935.29

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$24,245
Stress test qualifying rate8.09%
Payment you must qualify for$3,542.28

Cash Needed at Closing

Minimum down payment$24,245
Estimated BC PTT$7,698
Legal / closing costs (typical estimate)$1,500
Total cash needed$33,443

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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