Property Type: Detached HouseOwnership: Freehold

950 Bruce Ave

Nanaimo, BC V9R4A3

$1,850,000

5 bed2 bath8 parking1,485 sqftBuilt 1920
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Property Details

Property & Lot

Sub-type
House
Lot size
1.96 acres
Zoning
Residential

R1

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,345

Interior

Heating
Heat Pump, Electric
Cooling / A/C
Air Conditioned
Fireplace
None

Parking

Total spaces
8

Room Dimensions

RoomLevelDimensions
BathroomAuxiliary Building3-Piece
BedroomAuxiliary Building7'11
Living roomAuxiliary Building8'10 x 10'9
KitchenAuxiliary Building6'2 x 10'9
StorageLower level22'7 x 36'9
StorageLower level
BedroomLower level12'4 x 17'7
Laundry roomMain level6'1 x 5'5
BathroomMain level4-Piece
BedroomMain level11'4 x 8'6
BedroomMain level12'4 x 10'7
BedroomMain level12'4 x 11'3
KitchenMain level10'5 x 12'4
Dining roomMain level10'5 x 10'9
Living roomMain level11'5 x 13'5

Listing Information

MLS®
1041972
Listed
July 1, 2026
Time on market
On the market for 61 days
Data last synced
August 28, 2026

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

Description

Rare 1.96-acre opportunity in the heart of Nanaimo’s growing Harewood neighbourhood. Ideally positioned with dual access from Bruce Avenue and Alpen Way, this property offers excellent development potential in an area identified for increased residential density under the Harewood Neighbourhood Plan. The plan supports a mix of housing forms including multi-family, townhomes, and infill development (buyer to verify rezoning potential with the City of Nanaimo). The property is currently zoned R1 and features an existing 4-bedroom, 1-bath home along with a separate cabin, providing holding income or flexible living options. A detached garage adds further utility. Surrounded by ongoing growth, this location is just minutes from key amenities and is situated within a neighbourhood seeing continued investment and development. Adding to its appeal, the City has acquired approximately 5 acres of parkland directly behind the property, enhancing privacy and long-term livability. A unique opportunity to secure a large parcel with future potential in one of Nanaimo’s evolving communities. Measurements are approximate and should be verified if important. For further information please reach out to Travis Briggs at travis@travisbriggs.ca or 250-713-5501 (id:63159)

Values & Trends

This listing

$1,246/sqft

Building average

No other active listings in this building

South Nanaimo average

$420/sqft

46 active listing(s)

Parking: 8 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

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

26

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
Park Avenue ElementaryElementary446 m
John Barsby SecondarySecondary663 m
Learning AlternativesSecondary663 m
Georgia Avenue ElementaryElementary1.4 km
Bayview ElementaryElementary1.5 km
Fulford Community ElementaryElementary1.5 km
Nanaimo District SecondarySecondary2.3 km
Secondaire de NanaimoSecondary2.3 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

Grocery (1)

  • Quality Foods · 867 Bruce Avenue383 m

Parks (5+)

  • Alpen Way Park55 m
  • Kolby Park · 993 Kolby Avenue259 m
  • Stirling/Deering Park · 850 Stirling Avenue410 m
  • Cambie Park · 390 Cambie Road411 m
  • Kinette Evergreen Park417 m

Pharmacies (1)

  • The Medicine Shoppe Pharmacy367 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Similar Listings Nearby

Similar active properties nearby based on property type, price, and size.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($370,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,480,000.00
Periodic payment — Principal & Interest (monthly)$9,548.46
Additional monthly expenses (strata, tax, utilities, etc.)$686.08
Total monthly cost$10,234.54
Interest paid over 5-yr term$424,172.25
Balance at end of term$1,331,264.79

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$370,000
Stress test qualifying rate8.09%
Payment you must qualify for$11,380.68

Cash Needed at Closing

Minimum down payment$370,000
Estimated BC PTT$35,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$406,500

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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