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Legal suite

$1,250,000

1348 Langara Dr

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Beds

Baths

Sqft

—

Year

2023

Type

Single Family

Suite

Legal suite

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Nanaimo. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

New construction with NO GST in desirable College Heights, built by quality builder Arlin Ventures. This thoughtfully designed home offers 5 bedrooms plus a spacious den and 4 bathrooms, including a 1-bedroom legal suite—ideal for extended family or added income. Modern finishes, a functional layout, and quality craftsmanship are evident throughout. Enjoy an active lifestyle with Westwood Lake and its trail network just steps away, perfect for hiking, biking, and outdoor recreation. A rare opportunity to own a brand-new home in a prime location with exceptional value. Data and measurements approximate and must be verified if deemed important. (id:65958)

Subtype: Single Family
Architectural style: Westcoast
Structure: House
Community: University District
Common interest: Freehold
Living area: 2,888 square feet
Lot size: 6,879 square feet
Lot dimensions: 6879
Parking: 6 total
Fireplace: 1
On market: Jan 21, 2026
Status changed: Apr 20, 2026
Annual tax: $7,704.01
Zoning: Residential
Photos: 56
MLS#: 1023252
Area: NANAIMO

Features and systems

Appliances

WasherRefrigeratorStoveDryer

Heating

Forced airNatural gas

Cooling

See Remarks

Lot

Park settingPrivate settingWooded areaOtherMarine Oriented

View

City viewMountain viewValley view

Negative cash flow ~$157/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-0.75%

Cap rate

4.71%

GRM

13.9

Break-even rent

$7,666

Financing

Down payment$250,000

Loan amount$1,000,000

Mortgage$5,067/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$573

Insurance$80

Maintenance$1,042

CapEx reserve$521

Vacancy loss$375

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $5,067/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 20, 2026.