$550,000

For saleJust listed

2875 Glenayr Drive, Nanaimo - Single Family for Sale

2875 Glenayr Drive, Nanaimo, British Columbia, V9S3S7

2 beds1 bath8 parking806 ft²12,913 sq ft (0.29 ac) lot sizeListed 7 days ago

Overview

This 2-bedroom, 1-bathroom home in Nanaimo is for sale offering roughly 806 sq ft of space. Listed at $550,000, it is attractively priced about 36% below the $864,900 median asking price in Nanaimo. It has been on the market 7 days, fresher than the Nanaimo average of 87 days.

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Description

Large 12,913 sq ft (0.30 acre) lot with R5 zoning in desirable Departure Bay. Ripe with potential for future development under the current zoning (buyer to verify permitted uses with the City of Nanaimo). A long roundabout driveway leads to a 1956 mid-century 2 bedroom, 1 bathroom rancher with steady updates over the years, including roof and windows, electric heat, a newer hot water tank and a new front porch. Take in ocean and coastal mountain views. Just a couple of blocks up Bay Street from Departure Bay Beach, one of Nanaimo’s premier beaches. Close to recreation, shopping, amenities, parks, trails, Sugarloaf Mountain and all levels of school. A location that is hard to beat. Currently tenanted, showings with notice. Measurements are approximate, buyer to verify if important. (id:66096)

Property Details

MLS®: 1053253
Property Type: Single Family
Zoning: Residential
Bedrooms: 2
Bathrooms: 1
Parking: 8
Interior Size: 806 ft²
Lot Size: 12,913 sq ft (0.29 ac)
Year Built: 1956
Heating: Baseboard heaters, Electric
Cooling: None
Garage: Additional Parking
Fireplace: Yes
Ownership: Freehold
Property Tax: $4,440/yr
Listed: 7 days ago

Rooms

Main level

Kitchen: 13'0 x 16'0
Other: 7'0 x 7'0
Bathroom: 8'0 x 7'0
Bedroom: 11'0 x 8'0
Living room: 12'0 x 23'0
Primary Bedroom: 13'0 x 11'0

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Lot Features: Other, Marine Oriented

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Nanaimo listings, avg age

87d

Price / ft²

$682

List price

$550K

Haho

This 2-bed single family in Nanaimo has been listed for 7 days, which is 80 days fresher than the city average of 87. Act while there is still low competition.

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Listed by Stonehaus Realty Corp. · Jacky Prevost

Location

Approximate location — exact address confirmed upon showing

Nearby Places

$550,000· $682/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $30,000

Min 5.45%50%

Mortgage payment$2,883/mo

↳ CMHC premium ($20,800 capitalized)

Property tax (est.)$370/mo

Total monthly$3,253

Cash Needed to Close

Down payment (5.45%)$30,000

Land transfer tax$9,000

Est. closing costs$4,150

Total cash needed$43,150

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