Property Type: Land / LotOwnership: Freehold

947 Townsite Rd

Nanaimo, BC V9S1M3

$399,000

0 bed0 bath
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Property Details

Property & Lot

Lot size
7,194 square feet
Zoning
Rural residential

R5

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,653

Interior

Fireplace
None

Listing Information

MLS®
1041695
Listed
June 27, 2026
Time on market
On the market for 66 days
Data last synced
August 28, 2026

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

Description

Flat, treed lot at 947 Townsite Rd, ready for your development ideas. Ideal for a developer or builder, this central location is within walking distance to Bowen Park and a 3-minute drive to Harbour Walkway. Close to amenities and grocery stores, including a 4-minute drive to Country Grocer. No property line markers on-site; buyer to verify boundaries. A perfect opportunity for future development. Measurements are approximate and should be verified if deemed important. (id:63159)

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

30

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 ElementaryElementary595 m
Career Technical CentreSecondary710 m
Discover Montessori School(Independent)Elementary/Middle710 m
Quarterway ElementaryElementary965 m
OceaneElementary1.2 km
Fairview ElementaryElementary1.4 km
Cilaire ElementaryElementary1.7 km
Pauline Haarer ElementaryElementary1.8 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 (5+)

  • Real Meals Nanaimo · 621 Townsite Road562 m
  • Wa-Ku Japanese Restaurant589 m
  • Beaufort Pizza & Pasta596 m
  • Pho V. Ta Vietnamese Restaurant746 m
  • O'Falafel757 m

Grocery (1)

  • Alpha African-Caribbean Food Store751 m

Parks (5+)

  • Gyro (Waddington) Park · 711 Waddington Road180 m
  • Mansfield Park359 m
  • Millstone Park II · 680 Riverside Drive422 m
  • Emery Way Park · 203 Emery Way481 m
  • Beaufort Park · 69 Lorne Place526 m

Gyms (2)

  • Harbour City Fitness and Tanning · 1451 Bowen Road510 m
  • Island Optimal Performance Centre627 m

Pharmacies (1)

  • Anchor Compounding Pharmacy768 m

Banks & ATMs (1)

  • Instacoin ATM551 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$319,200.00
Periodic payment — Principal & Interest (monthly)$2,059.37
Additional monthly expenses (strata, tax, utilities, etc.)$221.08
Total monthly cost$2,280.45
Interest paid over 5-yr term$91,483.64
Balance at end of term$287,121.43

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,950
Stress test qualifying rate8.09%
Payment you must qualify for$2,914.76

Cash Needed at Closing

Minimum down payment$19,950
Estimated BC PTT$5,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,430

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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