LOT 5 Lazy Susan Dr
Nanaimo, BC V9X1L8
$625,000
Property Details
Property & Lot
- Lot size
- 2.49 acres
- Zoning
- Residential
RS2
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $2,078
Interior
- Fireplace
- None
Exterior & Lot
- View
- Mountain view
Parking
- Total spaces
- 2 — uncovered indicated
- Features
- Stall
Listing Information
- MLS®
- 1042445
- Listed
- July 8, 2026
- Time on market
- On the market for 54 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Nanaimo Realty (NanIsHwyN) · Data source: CREA DDF.
Description
Unique opportunity to build your dream home on a 2.49 acre estate sized lot surrounded with gorgeous mountain views on a no through road. Let your imagination guide you on this unique property with walkout potential and RS2 zoning that currently allows for two dwellings, truly this is a rare opportunity. The property already has a well drilled and power to the lot and is ready for you to turn your plans into reality in a setting that needs to be seen to fully appreciate the true potential. Located only minutes from all amenities that Nanaimo has to offer including the Nanaimo Airport and BC ferries with the benefit of living in the country side community of Cedar and all that it has to offer. GST is applicable. (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
11
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 |
|---|---|---|
| Cedar Elementary | Elementary | 582 m |
| Cedar Secondary | Secondary | 1.7 km |
| Qwam Qwum Stuwixwulh Community School | Elementary | 2.6 km |
| Chase River Elementary | Elementary | 5.2 km |
| Cinnabar Valley Elementary | Elementary | 5.3 km |
| North Oyster Elementary | Elementary | 6.1 km |
| Fulford Community Elementary | Elementary | 6.6 km |
| Park Avenue Elementary | Elementary | 7.9 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 (1)
- Mahle House Restaurant · 2104 Hemer Road599 m
Parks (2)
- Morden Colliery Regional Trail381 m
- Addison Way Community Park · 2180 Addison Way698 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 6.0% ($37,500) — 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.