The real estate in Nanaimo stands out from the other cities and areas which can be found on Vancouver Island. Out of the main cities located in the region, Nanaimo witnessed the largest benchmark price increase in the first month of the year (21%), compared to that of January 2016. It also boasts the most expensive average selling price for single family homes on the island, a whopping $512,063, according to the Vancouver Island Real Estate Board. What separates The Harbour City from the rest are its unique geographical features, unparalleled view of the Salish Sea and a temperate climate –ingredients which help the luxury real estate market thrive.
Take a look at an example of luxury real estate in Nanaimo:
- Address: 3669 Glen Oaks Drive, Nanaimo, British Columbia
- Asking price: $1,150,000
- Bedrooms: 3
- Bathrooms: 3
- Living space: 3,082 square-feet
Selling points: The 3,082 square-foot executive-style home boasts large windows throughout and offers a modern interior. Its large living room features over-height stepped ceilings, a cozy fireplace and plenty of room for entertaining guests. The separate dining area can easily seat more than 10 people, offering an unobstructed panorama of the bay during any meal. The immaculate chef’s kitchen features granite counter-tops and top-of-the-line stainless steel appliances.
There are a total of 3 large bedrooms, of which the master has an en-suite bathroom equipped with a soaker tub, a walk-in shower and heated floors. The lower level offers a designated office area, a generous family room and an additional theatre room with surround sound and projection TV. A two-car attached garage also comes with the property, along with 0.2 acres of meticulously-maintained grounds.
Neighbourhood: This custom-built residence is situated in an ideal corner of Hammond Bay, offering a spectacular view of the Salish Sea and Departure Bay. It also boasts a lovely panorama of the mountains in the west and a superb view of the city, most impressive at night when the lights are on. The family-friendly area offers proximity to various schools and public parks. The listing also lies very close to all the necessary amenities, including shops, cafes and restaurants.
Since this is merely a short preview of what the local market has to offer, we encourage you to take a look at other available luxury listings in Nanaimo, or even condos for sale in Nanaimo. If you’re curious about what the surrounding towns and cities have to offer, browse through the houses for sale in Cowichan Valley or check out the condos for sale in Campbell River.