Property Type: Land / LotOwnership: Freehold

LOT 12 & 13 Sanford Way

Nanaimo, BC V9X1L4

$199,900

0 bed0 bath
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Property Details

Property & Lot

Lot size
20,640 square feet
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$432

Interior

Fireplace
None

Listing Information

MLS®
1038606
Listed
June 2, 2026
Time on market
On the market for 90 days
Data last synced
August 28, 2026

Listing provided by: REMAX Professionals (NA) · Data source: CREA DDF.

Description

These two building lots are well priced ideally for a buyer to develop into two residential homes - level entry designs with walkout basements. The property currently is unserviced with Cedar Improvement District water located on the lane east of this location (approx. 360') to closest home on the lane. The property has frontage on both Sanford and the lane, both dedicated roads which are not constructed to the property's edge at this time. Neighbouring newer homes' driveway accesses are on the lane off Elm. Each lot is approximately 60'x172' (approx. 10,320 sf or .24 acre) with a grade from the lane down to Sanford Road - this facilitate a gravity sewage treatment design. With a full tree canopy, some timber may be harvestable from the sites. The location in Cedar is excellent as you are close to the local shopping shopping center with Country Grocer, Coco Cafe, and Mahle House Restaurant. Proximity to Nanaimo, BC Ferries at Duke Point are among many additional features. (id:63159)

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

15

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
Cedar SecondarySecondary388 m
Qwam Qwum Stuwixwulh Community SchoolElementary964 m
Cedar ElementaryElementary2.3 km
Chase River ElementaryElementary3.9 km
Cinnabar Valley ElementaryElementary4.3 km
Fulford Community ElementaryElementary5.1 km
Park Avenue ElementaryElementary6.4 km
Bayview ElementaryElementary6.7 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)

  • Country Grocer · 1824 Cedar Road775 m

Parks (3)

  • MacMillan Road Community Park187 m
  • Woodridge Road Community Park · 1920 Woodridge Road384 m
  • Cedar Skatepark521 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($9,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$159,920.00
Periodic payment — Principal & Interest (monthly)$1,031.75
Additional monthly expenses (strata, tax, utilities, etc.)$36.00
Total monthly cost$1,067.75
Interest paid over 5-yr term$45,833.53
Balance at end of term$143,848.56

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$9,995
Stress test qualifying rate8.09%
Payment you must qualify for$1,460.30

Cash Needed at Closing

Minimum down payment$9,995
Estimated BC PTT$1,999
Legal / closing costs (typical estimate)$1,500
Total cash needed$13,494

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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