840 Victoria Rd
Nanaimo, BC V9R4R8
$395,900
Property Details
Property & Lot
- Lot size
- 6,054 square feet
- Zoning
- Residential
R5
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $2,176.46
Interior
- Fireplace
- None
Exterior & Lot
- View
- City view, Mountain view
Parking
- Total spaces
- 4
Listing Information
- MLS®
- 1044493
- Listed
- August 7, 2026
- Time on market
- On the market for 24 days
- Data last synced
- August 28, 2026
Listing provided by: REMAX Professionals (NA) · Data source: CREA DDF.
Description
**Builders & Investors Alert!** Exceptional development opportunity in the heart of South Nanaimo. This flat 50' x 120' lot offers laneway access, full municipal services to the lot line, and is zoned **R5**, providing outstanding flexibility under current BC housing legislation. Potential exists to build up to **four residential units**, including options for two single-family homes with suites, duplex-style development, or the addition of a coach or carriage home, subject to municipal approvals. Whether you're a builder, investor, or planning your own custom home with future income potential, this property offers outstanding value in one of Nanaimo's fastest-growing neighbourhoods. The level lot enjoys excellent sun exposure, partial fencing, and convenient access from both Victoria Road and the rear lane, creating flexibility for parking and future site design. Ideally positioned just minutes from schools, parks, walking trails, shopping centres, restaurants, downtown Nanaimo, and all of Chase River's amenities. Commuters will appreciate the quick access to the Island Highway, BC Ferries, Harbour Air seaplanes, Hullo passenger ferry, and Nanaimo Airport. Nanaimo continues to experience strong population growth, ongoing infrastructure investment, and increasing housing demand, making this an attractive buy-and-hold investment or immediate development opportunity. Best of all, **there is no GST when building your principal residence**, providing additional value for owner-builders. For a complete information package, development information, zoning details, or property video, contact Sean McLintock with RE/MAX Professionals at 250-729-1766 or sean@seanmclintock.com, or visit macrealtygroup.ca (All info and date should be verified if important) *All measurements, lot dimensions, zoning, development potential and other information are deemed reliable but should be independently verified by purchasers if fundamental to their decision.* (id:63159)
Location Insights
Weather
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
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
| School | Type | Distance |
|---|---|---|
| Bayview Elementary | Elementary | 473 m |
| Park Avenue Elementary | Elementary | 718 m |
| Learning Alternatives | Secondary | 992 m |
| John Barsby Secondary | Secondary | 992 m |
| Georgia Avenue Elementary | Elementary | 1.3 km |
| Fulford Community Elementary | Elementary | 1.5 km |
| Pauline Haarer Elementary | Elementary | 2.2 km |
| Nanaimo District Secondary | Secondary | 2.3 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 (2)
- Alice's Restaurant · 728 Nicol Street250 m
- Ricky's All Day Grill - Nanaimo South/Days Inn · 809 Trans-Canada Highway372 m
Parks (5+)
- Knowles Park142 m
- Railway/Connaught Park364 m
- Cat Stream Watercourse Park455 m
- Douglas & Eighth Park · 303 Eighth Street600 m
- Harbourview Park632 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($19,795) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.