Here is a once in a lifetime opportunity to own perhaps the best parcel of walk on waterfront property in all of North Nanaimo. Totalling 0.60 acres w/ 290 ft of oceanfrontage, these 2 separate legal lots were acquired by the owner 35yrs ago and are his principal residence to this day. Located in one of Nanaimo's most prestigious neighborhoods this property is uniquely private with parkland to its east and a 2nd park one property over to its west. 5020 contains a 3 bd 2 ba well maintained 1400sqft rancher while 5010 is a manicured vacant yard, each zoned "R5 Three and Four Unit Residential" w/ multiple dwelling development potential or build an unparalleled oceanfront residence. In an area known for high bank waterfront properties, these 2 parcels stand alone as one of true walk on waterfront which allows unequaled ocean views of the Strait of Georgia to Sechelt, Texada Island. This part of the Strait is well known for its views of cruise ships, naval vessels and a myriad of sea life.
Data was last updated December 2, 2025 at 10:05 AM (UTC)
Area Statistics
Listings on market:
156
Avg list price:
$898,000
Min list price:
$285,000
Max list price:
$21,000,000
Avg days on market:
63
Min days on market:
1
Max days on market:
535
Avg price per sq.ft.:
$435.34
These statistics are generated based on the current listing's property type
and located in
Na North Nanaimo. Average values are
derived using median calculations. This data is not produced by the MLS® system.